Price - Elastic Products With the question as stated: When would you want to own a business that sells price-elastic products? I think that any time could be a good time to own a price-elastic business. Obviously‚ the most opportune time would be when the economy is in the state that it is in today. The best kind of business to be in would be a store like Wal-Mart. Because the fact that Wal-Mart can offer almost countless products for sale‚ the price point on any one product can cause a great
Premium Marketing Economics
In a capitalist system such as the one in the US‚ everything is controlled by supply and demand. When there is a scarcity of a specific object/service‚ the demand for it is higher. A savvy businessperson will recognize the demand and will offer the product/service. Major chain stores are included in this system; they recognize a demand and try to fill it. As a simplistic example: town A has no pizza store. Mr. B realizes that people would like to be able to eat in a local pizzeria‚ so he opens
Premium Supply and demand Pasta Bread
CLICK TO DOWNLOAD ECON 312 Week 1 Quiz 1. (TCO 1) The general concern of economics is with the study of the 2. (TCO 1) The term scarcity in economics refers to the fact that 3. (TCO 1) Are the goods that businesses offer for "free" to consumers also free to society? 4. (TCO 1) Which is considered to be an economic resource by economists? 5. (TCO 1) If an economy is producing at a point inside a production possibilities curve‚ then 6. (TCO 1) Which would not be characteristic of a capitalist economy
Premium Supply and demand Economics
Economics (Week 1) Opportunity Cost My significant other and I recently made a decision for me to quit my job and go back to school. Our decision was based on my unhappiness at work; however‚ we also started looking at the long-term financial security aspect of it. The alternatives considered were to pursue a health related job where I would be happier or‚ go back to school to acquire a nursing degree. We came to our final decision based on my dream of wanting to be a nurse. The future long-term
Premium Supply and demand Price elasticity of demand Elasticity
ECON 312 – Intermediate Microeconomics Due date: 22-02-2100 ASSIGNMENT # 1 STUDENT’S NAME : Devon Rachae SECTION 1 Multiple Choice Questions 1. The theory of consumer behavior is based on certain assumptions. It includes at least the assumption(s) that preferences are: a. complete. b. transitive. c. intransitive. d. both (a) and (b) are correct. e. both (a) and (c) are correct. 2. A consumer prefers market basket A to market basket B‚ and prefers market
Premium Economics Consumer theory Marketing
Anti-trust behavior Case Study ECON-312 I reflect the case of Microsoft‚ which was investigated for antitrust behavior. Microsoft is a largest software manufacturing company having one of the highest assessments in the world. It manufactures windows required for an operating system of servers and personal computers. Since 1991 the Microsoft has been examined many times for the violation of antitrust laws particularly for Sharman Antitrust Act. The litigant alleged that the
Premium Economics Microsoft Monopoly
Anna Pawlowska Dem 312 Understand and enable positive interaction and communication with individuals who have dementia (DEM312) 1.1 explain how different forms of dementia may affect the way an individual communicates. Loss of communication follows different patterns for different types of dementia‚ sometimes also varies by individual. It becomes increasingly more difficult for a person with dementia to communicate effectively‚ and this can vary from person to person‚ and by the type of dementia
Premium Communication
Community Resources ECE 312 Administrations of Early Childhood Ed. Programs March 19‚ 2012 Beyond the traditional primary care that is essential for all children‚ families also may benefit from a broad range of community-base services‚ such as family support; housing‚ employment‚ and social services; educational services; mental health services; substance abuse treatment; language assistance; and services for children and with special health care needs. Referring a child or it s family for
Premium Health care Health Health economics
C Psychology 312 Integrative solutions: a solution to a conflict whereby the parties make trade offs on issues according to their different interests‚ each side concedes the most on issues that are unimportant to it but important to the other side. A electronic meta analysis of several studies found that negotiations conducted over electronic media were more hostile‚ and resulted in lower profits than face to face negations Neutral mediators often help solve labor disputes‚ legal battles‚ and
Premium Interpersonal attraction Love Sociology
DEM 312 Title Understand and enable interaction and communication with individuals who have dementia Unit Accreditation Ref Level Credit value Y/601/4693 3 4 Learning outcomes The learner will: 1. Understand the factors that can affect interactions and communication of individuals with dementia Assessment criteria The learner can: 1.1 Explain how different forms of dementia may affect the way an individual communicates 1.2 Explain how physical and mental health factors may need to be considered
Premium Communication Psychology