Respond to the DB prompt in a new thread (150-word minimum) by Wednesday at 11:5
ID: 1134006 • Letter: R
Question
Respond to the DB prompt in a new thread (150-word minimum) by Wednesday at 11:59 pm, making sure to incorporate information from this week's materials in your answer. (Copying the DB prompt or large-scale quotes from other students' posts or online sources are not counted toward the word count.) Then comment on two of your peers' responses (75-word minimum) by Sunday at 11:59 pm. Late major comments are penalized 1 point per day late. Posts are NOT to be made as attachments or they will be downgraded Note that you will not see your peers' posts before making your own. For more information on how the DB is graded, please see the rubric. Think of a factor (determinant) that caused the supply curve to shift for the company you work or one you have worked for in the past. Then, explain the factor: what caused these two factor to change, and how your firm dealt with the change. Did the change have the expected or predicted effect on price (P) and quantity (Q)?Explanation / Answer
Recently there are two factors wich cause to my company (Unimoni) supply curve shifts to right.
Currency value :- Currencies value most importantly put impact on foriegn exchange business.
1. As we all know recently Indian Ruppee value has been down with 3% value. So, with this change, my company' supply curve shifted to right. Because we also deals in currency export. With export we are selling too many currencies with US Dollars. We got lots of business with this change.
2. Company Name change :- Earlier my company was knows as UAE Exchange and Financial Services Ltd and now it becomes Unimoni Financial Services. Unimoni means Universal Money, so the brand name has changed and because of that our organization becomes more highlighted in market right now. Our Suppliers also makes their positive perception for our organization with this name change. So, this factor also cause Organization's supply curve shift to right.
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