MBA Programme 2007 Period 1 – Jan/Feb PRICES AND MARKETS Core Course PUSHAN DUTT Date: 5th March‚ 2007 Time: 9am – 12noon Duration of the exam: 3 hours Closed-book exam (two A4 sheets allowed). You may NOT use a computer or a PDA Your answers must be in English Write all answers in a separate booklet‚ not on this question paper. At the end of the exam you can find blank pages as “scratch paper” for calculations. This exam is worth 200 points (you get an endowment of 5 points for showing up)
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Demand 10. The long-run price elasticity of demand for a product is generally _________ the short-run elasticity for the same product. A. lower than B. equal to C. higher than D. not comparable to 11. Assume the demand function for skin care products is given by Q = 1‚000 – 20 P + 5I. If P=$25 and I=$1‚000 currently‚ then: A. skin care products are a normal good. B. the elasticity of demand is equal to 11. C. skin care products are inferior. D. The price is too high 12. If the demand
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Introduction to price discrimination In our study of the theory of the firm we have assumed so far that a business charges a single price for its products‚ naturally the reality is different! Most businesses charge different prices to different groups of consumers for the same good or service. Businesses could make more money if they treated everyone as individuals and charged them the price they are willing to pay. But doing this involves a cost‚ so they have to find the right pricing strategy
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Discuss explanations for insomnia and/or narcolepsy. (8 marks + 16 marks) Explanations of narcolepsy are in majority biological. Scientists have discovered that narcoleptics often are lacking in hypocretin which is a chemical in the brain that control sleep and wakefulness. A lack of this chemical may explain the sudden attacks of sleep. Sakurai (2007) highlighted how there are about 10‚000-20‚000 hypocretin-producing cells in a normal hypothalamus‚ but people with narcolepsy have a significantly
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The Challenges of Price Escalation Introduction One of the biggest challenges of the marketing mix of an international firm is pricing a product. On the contraire to the other elements of the marketing mix: product‚ placement‚ and promotion (whereas are considered a cost to the firm) pricing is the one element that produces revenues. Thus pricing is the key element to succeed or fail expansion efforts (Global Market Today). At the time of selecting the
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Sound technical competence in an engineering discipline supported by degree level qualifications and demonstrated commitment to continuous learning. During my study in University 2008-2012 in China‚ I was highly capable of series of technical competence like Auto Cad‚ Solidwork‚ etc. All of those softwares were mastered through standard and systematic study and practice. As a professional engineering‚ I was responsible for each project. I can take full advantage of all of the skills that I
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Factors that determine your success in school 1. Social relationships 2. Stress levels 3. Curiosity 4. Emotional Intelligence 5. Family 6. Health 7. Fitness 8. Sleep 9. Confidence Social relationships *Friendships may play a bigger role than you realize in your academic performance. I. Kdg. On/social relationships play a big part in how well and how much u learn. • Make sure you are choosing your friends wisely! • One study found that strong kdg. Friendships reduced the amount
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Drug Safety Process By Fahad Alahmari B.S. Pharmacy‚ King Saud University‚ 2007 Table of content Introduction Methods Results 1- Introduction to drug safety 2- The Drug Studies on Safety. 1- Pre-Approval studies 2- Post-Approval studies 3- Post marketing Studies Discussion References Introduction Pharmaceutical companies today like to produce many new drugs‚ but there are several potential risks associate with the production of any new medicine. In addition
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Hung Ngo Professor: Vasilka Maslanka English 122 03 August‚ 2013 Metawriting Throughout this 8-week semester‚ I have been learning how to write argumentative essays using the provided articles as well as the ones I find on my own to help support my arguments. I like how the first three papers are designed as a step by step teaching tool. For example‚ paper one teaches me how to read and summarize the articles and to give a short response to each article. This is very helpful‚ because without
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HUMAN RESOURCE MANAGEMENT COMPETENCY CRITERIA HR PLANNING AND ACQUISITION | Competence Level | | A | B | C | D | Recruitment‚ Selection and Placement | Proficient in Behavioral interview and assessment‚ test and interview interpretation‚ sourcing and selection methods Able to define job specification and selection criteria | Has thorough knowledge of sourcing and selection processes; recruitment of key technical and managerial people; selection of seasoned and experience candidates
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