merely able to spend on their basic needs and have no funds for luxuries or entertainment. Various facts have been drawn out in the paper regarding the said subject. The analysis also enables us to suggest some products which could be targeted for the BoP group. Introduction: Bottom of pyramid is constituted of the largest but
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MBA 525 Exam 1 Question set – answers to short questions 1. Assume that the price of pizza is $2.00 per slice. The marginal cost of the 3rd slice of pizza is: $2.00 2. Which of the following best describes the concept of opportunity cost for a particular decision? The value of the next best (but not chosen) alternative. 3. If the quantity demanded of tea increases by 10% when the price of tea decreases by 2%‚ the price elasticity of demand for tea is: +10 / -2 = - 5.00 4. An increase
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Case 4: MAGREC‚ Inc. 1.) Place yourself in the role of the manager. What should you do now? After considering what happened‚ would you change any of your behaviors? If I was Pat: Even though Fred wants me to fire Dinah‚ I believe that if I was to fire her‚ Dinah would file a lawsuit for wrongful discharge. My values and morals should not be the deciding factor in determining if Dinah’s actions are grounds for dismal. As such‚ I would meet with Fred‚ and explain to him the result
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No doubt‚ the cashless economy project of the Central Bank of Nigeria (CBN) is being pursued gradually but vigorously and the introduction of mobile money in Nigeria in recent times can be better appreciated when appraised within this greater scheme of things. In Nigeria‚ as it is in other developing nations where mobile money operations have successfully taken off‚ the use of mobile phones as payment platforms has been necessitated by the need to include a greater proportion of the unbanked and
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Network Marketing: Exploitation of relationships – Myth or Reality? Geevarghese K. Mathews* Dr. James Manalel** Siby Zacharias*** Abstract The Network Marketing‚ first popularized by Amway‚ in 1950s in USA is gaining momentum in India. The total turnover of network marketing companies in India was estimated at Rs 301‚044 crores in 2005 with an annual growth rate of 25% .The India Direct Selling Association (IDSA) has projected that the network marketing industry will be around Rs 8000 crores by
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Advanced Psychology of Learning Final Exam (Review) 1) Know about Piaget’s view of cognitive development. 2) Know about and be able to recognize the following concepts: Schemas‚ disequilibrium‚ equilibration‚ accommodation‚ and assimilation. 3) Know about and be able to recognize Piaget’s stages of cognitive development. 4) Know what the research tells us about Piaget’s initial beliefs regarding these stages. 5) Know about Vygotsky’s theory of cognitive development. 6) Know how Vygotsky’s
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What was the impact of the Jazz Age? The Jazz Age showcased the talents of African American artists and influenced new genres in the future such as modal jazz‚ hard bop‚ rhythm and blues‚ gospel‚ and many more. The Jazz Age also impacted the literary world through jazz poetry‚ a type of poetry that imitates jazz-like rhythms and improvisation. Jazz led to dance crazes such as the Charleston‚ a dance named after the South Carolina town of Charleston. Young people danced dances such as the Charleston
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First‚ teachers should not only give student core information and basic knowledge to students‚ rather they must make the students understand the lesson clearly. For instance‚ in Economics class‚ some students know about the balance of payment disequilibrium theory. However‚ they may not have a clear idea how to implement the theory in a real import export transaction. It is important for the teacher to encourage students to question them and explain the theory clearly. The teachers should not rush
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perimeter fencing. These institutions are work- and program-oriented” (BOP‚ 2016). The prison with the most security is known as the maximum or administrative facility. “Administrative facilities are institutions with special missions‚ such as the detention of pretrial offenders; the treatment of inmates with serious or chronic medical problems; or the containment of extremely dangerous‚ violent‚ or escape-prone inmates” (BOP‚
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GDP - Gross Domestic Product is an estimate of the amount of economic activity in an economy and is produced by the Office of National Statistics. Elasticity of demand (Ped) = % change in demand of good X / % change in price of good X • If the PED is greater than one‚ the good is price elastic. Demand is responsive to a change in price. If for example a 15% fall in price leads to a 30% increase in quantity demanded‚ the price elasticity = 2.0 • If the PED is less than one‚ the good is
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