Macro Economics-- Redbox Price Hike Could Dodge Netflix Outrage Essay

Macro Economics-- Redbox Price Hike Could Dodge Netflix Outrage - Essay Example Because the price has increased, it is reasonable to expect that the quantity demanded will decrease. This is because the market demand will adjust to the increased prices by not purchasing the same amount of DVDs as before. However, if demand is high enough, then quantity will remain relatively the same. This is because a competitor, Netflix, raised its prices by even more—60%. Even though consumers may not like the price hike, they may have no other option but to continue using Redbox’s services. I think that Redbox is doing the right thing by raising their prices because they need to make a profit. Because operating costs have risen, it is only natural to pass on that increase to customers. Redbox needs to be aware that its customer base may fall due to this announcement. If so, Redbox needs to decrease its prices marginally so that market equilibrium can be

Leadership Essay Example | Topics and Well Written Essays - 250 words - 44

Leadership - Essay Example Innovation is the hallmark for success in today’s dynamic world and therefore, healthcare professional must exhibit innovative ways and means to develop better ways of patient care in modern times. Innovative ideas of patient care leads to faster patient recovery enabling early discharge resulting into a significant savings to patient, insurance provider and nation (Reflections on Nursing Leadership, 2013). With the Affordable Care Act of 2010 in force, nurses will also be taking on leadership roles in healthcare services (Reflections on Nursing Leadership, 2013). In the current world, timely and clear communication with colleagues, superiors, patients, and their family members is utmost necessary to enhance the patient outcomes. Effective and clear communication is one of the most essential requirements for any healthcare professional in the success of organization. Collaborative approach through team work can bring miraculous results. In this process, mutual cooperation is must among all team members because tasks can be accomplished smoothly and successfully through exchange of ideas and collaborative attitude among team members (Gokenbach,