Theory of Demand Q. Distinguish between a normal goods & an inferior goods. Give examples in each case. Ans. Normal Goods are those in case of which a positive relationship between income & quantity demanded. Other things remains constant‚ quantity demanded increase in response to increase in income & vice versa. Inferior Goods are those in case of which there is negative relationship between income & quantity demanded. Other things remains constant‚ quantity demanded decreases
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dynamic environment‚ there are many variables that contribute to the success or otherwise of a company. Nonetheless‚ there are commonalities which can be drawn across successful businesses. Before delving into management theories and financial determinants‚ I would like to define viability as a company’s longevity‚ its perseverance through economic fluctuations and political shifts‚ and affluence as its ability to grow and prosper despite external restructuring whether in the markets‚ the industry
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exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for the A. cost-benefit principle B. the scarcity principle C. the ceteris paribus principle D. the marginal (not average) principle
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QUESTION ONE WHY MULTINATIONALS FIRMS MUST ASSESS THE BUSINESS ENVIRONMENT OF COUNTRIES THEY OPERATE AND INTEND TO OPERATE IN. Multinational Corporation/Firm is a business that produces or distributes products or services in one or more foreign countries by establishing a branch or affiliate there. These multinational Corporations operate in a complex business environment. Cultural‚ social‚ economic‚ political and technological systems vary from country to country. In order to operate successfully
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(3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government
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Determinants of corporate performance Analysis of the determinants of corporate financial performance is essential for all the stakeholders‚ but especially for investors. The Anglo-Saxon corporate governance focus on maximizing shareholder value. This principle provides a conceptual and operational framework for evaluating business performance. The value of shareholders‚ defined as market value of a company is dependent on several factors: the current profitability of the company‚ its risks‚ its
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are found in the full lecture. - Page 1 - SUPPLY AND DEMAND: GET YOUR OUTPUT IN ORDER ! Another essential component of good managerial decision making is having a thorough understanding of the relationship between prices and output. For that‚ supply and demand curves are helpful. Demand is the quantity of a good or service that a consumer is willing and able to purchase at a specific point in time and at a specific price. The demand curve reflects an inverse relationship between the price of
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Measure of Touristic Attractiveness.” Journal of Travel Research‚ 12: 1–8. Go‚ F.‚ R. Pine‚ and R. Yu (1994). “Hong Kong: Sustaining Competitive Advantage in Asia’s Hotel Industry.” Cornell Hotel and Restaurant Administration Hassan‚ S. S. (2000). “Determinants of Market Competitiveness in an Environmentally Sustainable Tourism Industry.” Journal of Travel Research‚ De Holan‚ P. M.‚ and N. Phillips (1997). “Sun‚ Sand‚ and Hard Currency— Tourism in Cuba.” Annals of Tourism Research‚ 24 (4): 777–95. Hu
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The supply curve shift to right Quantity Supllied Secondly‚ elasticity is a measurement of responsiveness of people to changes in economic variables whereas elasticity demand is used to measure responsiveness of consumer to a price changes. Sugar is fairly elastic demand because there are only small changes in quantity purchased if the price of sugar increases without government’s subsidy. This is because sugar is a necessity to everyone and sugar has no much close substitute
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Determinants of Quality Health Care Determinants 2 There are people from all walks of life in America. There are people of different races‚ cultures‚ different shapes and sizes and different ages. Sickness and disease can occur with anyone. A person’s lifestyle or who they are related to is just a couple of factors when it comes to what can make them sick. Not only can disease cause death but a person can even lose their life from a mere accident. The U.S. health care delivery system was
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