Question 1: (a) Suppose the income elasticity of demand for pre-recorded music compact disks is +5 and the income elasticity of demand for a cabinet maker’s work is +0.5. Compare the impact on pre-recorded music compact disks and the cabinet maker’s work of a recession that reduces consumer incomes by 10 per cent. (2 marks) (b) How might you determine whether the pre-recorded music compact discs and MP3 music players are in competition with each other? (2 marks) (c) Interpret the
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Selfish Leadership Leadership is rightly considered the axle on which the entirety of the entity in perspective rotates. The wide range of leadership styles in theory and the same manifested in real life scenarios‚ sometimes‚ sway too far away from being ideal. And that is just where fingers point at the validity of the leadership in question. There are two planes where this selfish motive exists and both connected. The managers not working towards achieving the organizational goals‚ but rather
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Leadership Style: Leadership is the guidance offered by one to another that supports and aids in the completion of any given task ( According to Adair‚ 2005 and McManus (2006)‚ A leadership style is a leader’s style of: providing direction‚ implementing plans b and motivating people There are six common styles of Leadership (...................): Authoritarian Paternalistic Leadership Laissez-Faize Transactional Transformational (each style will have its own slide‚ present general information
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Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from
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Labor Cost Cutting Strategy In a sluggish economy‚ it is more important than ever for businesses to cut costs. Knowing how to reduce the cost of paying employees without reducing product quality‚ dropping employee morale or otherwise sacrificing the way you do business can be the difference between being in the red or the black at the end of the year. Stop the Overtime * Don’t pay overtime unless it is absolutely necessary. Remember that you must pay non-exempt employees 1 1/2 times their
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What is Leadership? It means influencing‚ motivating and enabling other employees to contribute their best towards the effectiveness and success of the organization. It’s not only motivating and influencing individual but the goals can only be attained by mutual cooperation and cohesive behavior. This essay will throw some light on Mr. Sunil Bharti Mittal. He is the Chairman and CEO of Bharti enterprises. A Bharti Enterprises is one of the India’s leading business groups like telecom‚ financial
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De Beers : A Monopoly in the Diamond Industry De Beers advertising slogan "A Diamond Is Forever" has been the center of its effort to establish the stone as the only appropriate gem to symbolize lifetime love and commitment. The more ad money spent‚ the more diamonds people buy. And when people buy diamonds‚ De Beers profits. It is the reason the company spends $180 million a year worldwide to advertise cut diamonds--a product it doesn ’t even sell. There are very few companies ... you may struggle
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Donald Trump and his leadership success: Personality Profile 1. Discussion of the Personality Profile based on Big Five model of personality (surgency‚ agreeableness‚ adjustment‚ conscientiousness‚ and openness to experience) The Big Five Model: Surgency-is the ability to persuade or influence individuals to understand your point of view‚ vision‚ mission‚ and/or objective and is willing to follow your lead as a result. One of the character traits of surgency is competitiveness. Donald Trump is
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for social and economic coping capacity—moving toward a working definition of adaptive capacity. Global Environmental Change-human and Policy Dimensions‚ 12(1)‚ 25-40. doi:10.1016/S0959-3780(01)00026-7 Sanga‚ K. (2000). Learning from indigenous leadership. Module Six‚ Pacific Cultures in the Teacher Education Curriculum Series. .Carino‚ B. J. (2009). CHAPTER I POVERTY AND WELL-BEING. Department of Economic and Social Affairs ed. State of the World’s Indigenous Peoples‚ 14-49. Porter‚ D.‚ & Craig
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Sustainable Sourcing‚ and Packaging. This CSR deals with how Dunkin Donuts is seeking to minimize costs. Climate and Energy: Dunkin’ Donuts was able to determine where their restaurants and franchisees could reduce energy consumption‚ while also cutting back on utility costs. In 2012‚ they introduced an energy efficient tool kit named “Power Down‚ Profit Up.” This toolkit focused on low to no-cost ways to save energy and water‚ including repairs‚ rebates‚ tax incentives and bringing employees on
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