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2 pages/≈550 words
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APA
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Accounting, Finance, SPSS
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Essay
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English (U.S.)
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Eco 202 Module 5 SLP: Eaton Sales And Service

Essay Instructions:

In this course, we have covered several important concepts such as GDP, unemployment, monetary and fiscal policy. For our final module you will apply these concepts to your firm.

Current Event

  1. Pick a recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on your firm EATON or industry. Describe the event and the issue for your firm EATON. (summarize article by including, who, what, when, and where)
  2. Describe the basic issue and background behind the event.
  3. What economic principle(s) can be applied to the event or issue? Identify and briefly describe a specific principle that we have covered in one or more of the modules.
  4. How does this event impact the future of the firm or industry? For instance, what do you think would be the future outlook for the firm?

SLP Assignment Expectations

Use information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 2-3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. Analytical ability in relating a current event to the specifics of your organization.

2. Your ability to relate the economic concepts of this course to your specific organization

Upload the completed assignment to the SLP dropbox for this module.

Essay Sample Content Preview:

Eco 202 Module 5 SLP Instructions: Eaton
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Eco 202 Module 5 SLP Instructions: Eaton
According to an article dated November 2015, Eaton sales went down by 9 percent mainly due to foreign exchange and a decline in organic revenue. According to Brewer (2015), the company had expected organic revenue to grow by between 3 to 4 percent but had to make changes and expect a 1 percent decline. According to the article, things would have been worse were it not for the restructuring and cost control that has been going on across the company. This has among other things included laying off workers in a bid to reduce costs (Brewer, 2015). It is important to note that the company still employs a substantial number of workers with the current number standing at about 99000 employees (Eaton, 2015). In essence, the company is expecting to reduce costs by an additional 90 million dollars to reach 100million dollars in 2016.
Announcing the third quarter results, the company through its CEO noted that among the weakest points that have brought the company’s sales down are the hydraulic and oil and gas business. The company notes that commodity markets for hydraulic products remain weak around the world while the services and electrical systems segment of the company has been dependent on oil and gas. Six percent of the company revenue in 2015 was expected to come from its oil and gas business but the company had forecasted that the market would be off by 25 percent a fact that was experienced during the second quarter (Brewer, 2015). The two segments are however expected to be trouble spots for the company during 2016.
The fact that the company has experienced reduced sales during the third quarter of ...
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