History of Tea in Bangladesh 5 Tea: an Overview 6 What does a tea leaf contain? 7 Tea Health Facts 8 Different types of Tea 8 How is Tea Grown 10 Tea Estates 10 Plantation and Environment 10 Growth 11 Cultivation 11 Tea Production of Bangladesh 12 Tea Marketing system of Bangladesh 15 The Role of the Auction Houses 16 Internal Market: Internal Consumption of Tea 17 Exporting Tea from Bangladesh 20 Export Market 22 Country-wise Export of Tea 25 Bangladesh Tea Board 26 Bangladesh
Premium Tea
Chapter 5 DEMAND ANALYSIS QUESTIONS & ANSWERS Q5.1 Q5.1 Is the economic demand for a product determined solely by its usefulness? ANSWER No‚ two basic conditions must be met before economic demand is created. First‚ there must be value associated with acquiring and using the good or service. For individuals‚ this value is in terms of utility‚ well being‚ or satisfaction through consumption. For firms‚ this value is measured in terms of the profit created through resource employment. Second‚ there
Premium Supply and demand Price elasticity of demand
Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 4 Credits (Book ID: B 1625 ) Assignment Set -1 (60 marks) Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. Discuss profit maximising model in detail. 10 marks(350-400 words) Answer : Profit maximization is the rational behaviour of equilibrium assumption. Any firm which aiming at profit maximization model; will go increasing its output till it reaches maximum profit output
Premium Supply and demand Price elasticity of demand
between Economics and Managerial Economics. Managerial Economics is micro in character while Economics is both micro and macro in character. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature. Under Economics we study only the economic aspect of the problems but under Managerial Economics we have to study both the economic and non-economic aspects of the problems. Those are just a few distinct differences amongst many others. Economics is defined
Free Economics Macroeconomics Microeconomics
Benedictine University Managerial Economics Individual Work-1 Unit Tutor: Char Lee Racine Student name：Gu Haizhen (Vivian) Date of issue: September 6‚ 2010 Date of submission: September 13‚ 2010 Contents I. 3 II. 4 III. 7 VI. 9 Technical problems I. During a year of operation‚ a firm collects $175‚000 in revenue and spends $80‚000 on raw materials‚ labor expense‚ utilities‚ and rent. The owners of the
Premium Costs Economic cost Income statement
Indian tea industry: A SWOT analysis Strong domestic market Monojit Dasgupta With tea prices rising‚ the tea industry is on the upswing again after several years and the expectation is that the trend will persist. But the industry is not without its challenges. The following is the SWOT analysis. Strengths The diverse agro-climatic conditions prevailing in the tea growing areas of India lend themselves to the production of a wide range of teas – black‚ (CTC‚ orthodox)‚ green teas and organic
Premium Tea Sri Lanka Caffeine
alternative. It is reasonable to assume that all organizations have to work with scarce resources‚ no matter how large or profitable. A key role that managers play is to decide how best to allocate their organizations’ scarce resources. From an economic standpoint‚ optimal decisions involve their weighing of the benefits associated with a particular decision against the opportunity cost of this decision. 2. Define the market process‚ the command process‚ and the traditional process‚ How
Premium Economics Economics terminology
The Comparative Growth of Service Sectors in Bangladesh Mohammad Shahidul Islam1‚ Md. Musa2‚ Rajib Kanti Das3 1. Assistant Professor‚ School of Business‚ University of Information Technology and Sciences‚ 40/1 Jakir Hossain Road‚ Khulshi‚ Chittagong‚ Bangladesh Tel: 88-01190-955692 E-mail:shahidulislam28@yahoo.com 2. Lecturer‚ School of Business‚ University of Information Technology and Sciences‚ 40/1 Jakir Hossain Road‚ Khulshi ‚ Chittagong‚ Bangladesh‚Tel: 88-01819-619269 . E-mail: musa0999@gmail
Premium Economics Industry Economy
INTRODUCTION The economy of Bangladesh is rapidly developing market-based economy. According to the International Monetary Fund‚ Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms‚ among the Next Eleven or N-11 of Goldman Sachs and D-8 economies. The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the
Premium Inflation Economic growth
Gus Bonilla MBA 217 Managerial Economics Individual Assignment 2) A firm’s product sells for $2 per unit in a highly competitive market. The firm produces output using capital (which it rents at $75 per hour) and labor (which is paid a wage of $15 per hour under a contract for 20 hours of labor services). Complete the following table and use that information to answer the questions that follow. K | L | O | MPK | APK | APL | VMPK | 0 | 20 | 0 | - | - | - | - | 1 | 20 | 50 | 50 | 50
Premium Economics Costs Economics of production