Agriculture and fisheries: case studies in market intervention and resource allocation

Article Abstract:

There are a number of economic problems associated with intervention by western governments in agriculture and fishing through the Common Agricultural Policy and the Common Fisheries Policy. European Union governments believe that intervention in agriculture is necessary in order to protect food supplies and to ensure that the countryside is well managed. However, farmers have been encouraged to maximise output, and this has created difficulties. The Common Fisheries Policy is mainly designed to protect fish stocks, rather than manage the market price.

Agricultural policy, Fishery policy

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Promotion budgeting and control in the fast food industry

Article Abstract:

Promotional spending must be carefully planned and funds must be wisely used according to the needs of a fast food company. The overall marketing objectives must be specified first before the methods to be used in setting discretionary marketing budgets are chosen. Marketers can easily monitor the progress of the promotional program and assess its effectiveness when controls over promotion execution are established.

Eating places, Finance, Fast food restaurants, Sales promotions

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Truth-inducing schemes in budgeting and resource allocation

Article Abstract:

A case study is made of a Soviet incentive plan that has various limitations in the effort to resolve incentive compatibility problems. The Soviet plan is defective because it will require that significant conditions be met for the desired results. Though the overall output of the company may improve upon adoption of the Soviet incentive plan, the result will be problematic since it depends on specific advantages.

Management, Case studies, Accounting and auditing, Economic policy, Budget, Budgeting, Budgets, Soviet Union, Resource allocation, Incentives (Business)

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