Global Economy And Economic Variables - 1246 Words

1 COURSE PROJECT MG631 – GLOBAL ECONOMY How Global Economy and Economic Variables are affecting Global Operations of Apple Corporation 2 Executive Summary The macroeconomic discussi ons that Apple s success tends to be very curious things. Here we have a company that s been phenomenally successful, making products people love s and directly creating nearly 50,000 American jobs in doing so, criticised for not locating its manufa cturing operations in America, eve n as Americans complain about the working conditions of those doing the manufacture abroad: life in dormitories, 12 - hour sh ifts 6 days a week, and low pay . The utility of Apple, however, is that it does provide a framewo rk within which we can discuss the significant changes that have occurred across the global economy in recent decades. Apple s products are assembled in massive factory complexes in China, run by Foxxconn, which also handles the production of consumer elec tronics for many other large players in the industry. The success of Apple Corp can be traced to majorly to some of the economic conditions discussed in this report. In section 1, Apple was able to minimize labour cost in it production by setting up assembly plants in parts of Asia where labour are cheaper compare to the US. In section 2, economic of scale was discussed as the cost advantages exploited by expanding the scale of production in the long run. The effec t of this is to reduce long run average costs over a range of output. InShow MoreRelatedEssay on The Challanges Faced by the Coca-Cola Company1240 Words   |  5 Pagesmacroeconomic variables that indicate trends in the economy. A reduction in consumer confidence in the United States, resulting in lower product sales, has been offset by rising sales in overseas markets. 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