QUESTION 1 a. A downward-sloping demand curve shows in both graphs when the quantity at each price is doubled what it was. However‚ the curve in demand for pharmaceutical drugs is drawn with a relatively steep slope as inelastic products. Equilibrium price down-sloping along the demand curve while quantity in both market increased to some extent. b. In inelastic demand of pharmaceutical drugs‚ the percentage change in price is greater than the percentage change in quantity demanded. While in elastic
Premium Supply and demand
1. Compare and contrast Virgin Atlantic Airway ’s strategic development with any other (non-virgin) airline. According to (1980)‚ firms are under great pressure to have modern plans to be competitive and should have adequate capability to achieve their target market share. Virgin Atlantic Airways is among the most successful business ventures of the Virgin empire owned by Richard Branson. Its strategic development is rooted on the need to surpass competitors while balancing financial resources
Premium British Airways Airline Virgin Atlantic Airways
ADVICE TO BOARD OF DERECTORS OF VERONICA AIRLINES I INTRODUCTION As in Qantas Airways Ltd v Lucinda Holdforth‚ the case brings the issue of confidentiality in the context of employers and employees.[ Qantas Airways Ltd v Lucinda Holdforth [2015] NSWSC 821] In the second section‚ some relevant legislation protection of confidential information will be listed. In the third section this paper will evaluate the current protection regime‚ in
Premium Law Confidentiality Employment
The possibility that microorganisms exist was discussed for many centuries before their actual discovery in the 17th century. The existence of unseen microbiological life was postulated by Jainism‚ which is based on Mahavira’s teachings as early as 6th century BCE.[19] Paul Dundas notes that Mahavira asserted existence of unseen microbiological creatures living in earth‚ water‚ air and fire.[20] Jain scriptures also describe nigodas‚ which are sub-microscopic creatures living in large clusters and
Premium Infectious disease Avicenna Centuries
Subject: Business Economics Subject Code: BUECO5903 Course Coordinator / Moderator: Paul McPhee / David Spiers Assignment A: Microeconomics Student Name: Noor Aini Faiz Student Number: 30120381 Lecturer: Dr. Ganeshamoorthy Question 1: (a) Explain and illustrate using suitable diagrams‚ the impact of external costs and
Premium Supply and demand Externality Market failure
Macro Economic System and its Management. 1. Macro Economic Concerns: • Micro vs Macro Economics. • Major Building Blocks of Macro Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management:
Premium Inflation Monetary policy Macroeconomics
INTRODUCTION: The micro Environment The micro environment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself‚ its suppliers‚ marketing intermediaries‚ customer markets and publics. The business can take control over all challenges and influences in the micro environment. BODY: 1.1.1)Vision The vision of the business is what the business aims to achieve. It sets out where a business needs to go to be
Premium Management Human resources
The marketing environment surrounds and impacts upon the organization. There are three key elements to the marketing environment which are the internal environment‚ the microenvironment and the macroenvironment. Why are they important? Well marketers build both internal and external relationships. Marketers aim to deliver value to satisfied customers‚ so we need to assess and evaluate our internal business/corporate environment and our external environment which is subdivided into micro and macro.
Premium Marketing Business Marketing management
REVISION COMMON TYPES OF MICROBES 1 BACTERIA Difference between Gram Positive and Gram Negative Shapes of bacteria and examples What shapes have you learnt? GRAM STAIN: The process! You should work on your lab notes. LECTURE 2 GRAM STAIN Developed by a Danish called Christian Gram in 1884 Stain a heat-fixed smear with a dye like crystal violet and fix with Iodine Then wash with ethanol or acetone Finally counterstain with a dye of different colour such as safranin (what is its colour
Free Immune system Bacteria
References: Online‚ 27 March‚ 2001. Goetzl‚ David‚ Virgin Atlantic Airways‚ Advertising Age‚ 26 June‚ 2000. Vol. 71‚ Issue 27‚ Page 37. Philip Cateora‚ John Graham and Mary Gilly‚ International Marketing‚ 28 September‚ 2012.
Premium Virgin Atlantic Airways Virgin Group Richard Branson