Assessment for Used Car Negotiation Simulation Summary My target for this negotiation was to get the car at $4‚500‚ the low end of blue book value. $4‚500 could be the net price‚ which means if seller can offer something else‚ such as maintenance service‚ parts or accessories to offset some part of the cost‚ I can accept higher price. My BATNA is to deal with other seller for similar used car. Eventually‚ I couldn’t make any deal with seller during the negotiation because he wanted to sell
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FINAL EXAM MATERIAL Lecture notes: see Blackboard Tutorial problem sets: see Blackboard Book chapters: Varian‚ 8th ed. 1 The market 2 Budget constraint 3 Preferences 4 Utility 5 Choice 6 Demand 8 Slutsky equation (no algebra required) 14 Consumer’s surplus (no algebra required) 15 Market demand 18 Technology 19 Profits maximisation 20 Cost minimisation 16 Equilibrium 31 Exchange and Welfare Theorems (no algebra required)
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Assess the value to small businesses of carrying out marketing audits. Illustrate your arguments with reference to an existing small business of your choice In this essay I will be assessing the value of Market auditing for small businesses using the firm Abel and Cole as a model. Market auditing is the means by which a company can understand how it correlates to the environment in which it operates. It is a way by which a company can identity its own pros and cons as they relate to external
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Market Failure and Carbon Prices Climate change has become an issue of global discussion and it is the result of market failure. The effects of the increasing volume of carbon dioxide and greenhouse gases on the global temperature have become a major environmental issue throughout the world. Carbon emissions worldwide need to be reduced in order to avoid serious climate change. To encourage companies to invest in cleaner technology and reduce carbon emissions‚ the government has to attach a cost
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GDP GDP (gross domestic product)‚ is the market value of all final goods and services produced in a country in a given time period. This definition has four parts: Market value‚ final goods and services‚ whether it was produced within a country‚ and the time period. GDP is a market value‚ which means that goods and services are valued at their market prices. A final good (or service)‚ is an item bought by its final user during a specified time period‚ a final good contrasts with an intermediate
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GDP consists of Gross (before taking into consideration the depreciation in the value of the product)‚ Domestic (within the borders of a country) and Product which simply means a good or service. So what does it all mean when all these three factors are interlinked? GDP is simply the market value of all the final goods and services produced within a country in a given time period – usually a year (Parkin et al. 2005: 438). The definition of GDP is composed of four parts. Firstly‚ we have to take
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in the pre-existing Central excise duty of the Government of India and sales tax system of the State Governments. The introduction of Central VAT (CENVAT) has removed the cascading burden of "tax on tax" to a good extent by providing a mechanism of "set off" for tax paid on inputs and services upto the stage of production‚ and has been an improvement over the pre-existing Central excise duty. Similarly‚ the introduction of VAT in the States has removed the cascading effect by giving set-off for tax
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Marketing – Unit 3 Task 1 Describe how marketing techniques are used to market products in these 2 organizations. A definition of marketing : The management process through which services move from concept to the customer. It includes the four elements called the 4 P’s of marketing: 1. Product - identification‚ selection and development. 2. Price - determination of its price. 3. Place - selection of a distribution channel to reach the customer. 4. Promotion - development and implementation of
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