I've just listened for some podcasts, to be exact 4 of them.
The first one I listened was from 16th of January, 2007. It was about ticket's pricing for football matches, demand for tickets in dependence of different teams and leagues. If the game is between two famouse and popular teams which are in Premier League, so the price for tickets is high, sometimes it's too high and it leads to lower demand and the grounds with capacity of 32000 seats having only 16000 spectators despite that there is a posibility to make lower price for tickets and have much more spectators on the match. But anyway in Premier League's matches generally nearly half of all tickets sales, but in the lower Leagues the situation is much worse, the attendance in their games is only about one third in average. So why the stadiums' administrations doing nothing about that? There are huge amount of seats available on the matches, tickets for which could be sold, and the stadiums could get more profit!
The second podcast I've listened was quite new, it was recorded in 11th of September, the year of 2008 and it was about oil prices. Because of global credit cranch which is going on, the prices for oil drop down, just in July of this year the price for oil was $247 for one barrel and analitics were forecasting the price of $240 Dollars for oil for this year but they were wrong, in the begining of September the price has fallen till $100 and prices for petrol fell as well. And also the dollar exchange rate to pound and euro has grown, what is bad news for Europe if they buy an oil from USA. In the last OPEC meeting in Vienna was discussed some topics such as lowered demand for oil from Europe, prices etc. And supply of oil this year also decreased......Yeah, chaos reigns the World.
The third one. It was about fashion market, the podcast was recorded in 27th of April,2007. To be exact it was about PRIMARK, which is one of the biggest clothes supplier and the biggest chip and fashionable clothes supplier in UK market (the information is not exact, just my opinion). From information that I undestood from this podcast: the Primark supplies chip and fashionable clothes, what gives a posibility for young people to buy new clothes much more often than they afford themselves to buy from expensive shops, Primark is the unique store which competes with chip asian clothes. But nowadays the paying fees for workers in Asia are going up thats why Primark could win this competition.
Unfortunatelly Windows Media Player couldn't open the last podcast I loaded, so here is finishing my summarising for podcasts. (it's quarter past six now (6:15 am!) so I'm not gonna sleep today =] )
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11 pieces of Sociology homework set
4 pieces of Economics
12 pieces of Business Studies
Warnings have been posted.
See http://efbusinesseconomics.blogspot.com/ for homework
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