Question 1.1 “According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is‚ the highest-valued option forgone. The statement in the question is uncertain and is determined by situation
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deal‚ to on-sell Blackmores “companion” complementary medicines with prescription drug; in Pfizer case to sign up patients prescribed nine Pfizer brand name drugs to the company’s “support” programme (Harvey‚ 2011). Comprehensive Income Statement analysis: For the year 2011‚ company’s main source of the income is the sales of their product. Apart from the sales‚ firm earn from the royalties and some other income. On the other hand
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ECONOMIC ANALYSIS OF CADBURY AND NESTLE SUBMITTED TO: PROF‚ SHAFIQ-UL-REHMAN SB SUBMITTED BY: Muhammad Tayyab 111405 Umair ahmad 111402 Waqar Ahmad 111401 Institute of Management Sciences‚ (Pak-Aims) Lahore Table of Content Acknowledgment: Firstly we would thank Allah for giving us this opportunity and the resources to be able to do something productive with our life. Without his blessing we would not be able to come as far as we have. We dedicate
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The following section provides details regarding the economic environment present in the United Arab Emirates. The economic indicators listed below help us conclude what state the economy is in and whether or not a Harris expansion into the UAE is a good business decision. Overall‚ the UAE has an economy that is comparable to that of the United States. This is beneficial for Harris because there will be less risk moving into a sturdy economic environment. The UAE dirham is pegged to the currency
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The magnitude 7.0 earthquake that struck Haiti on January 12‚ 2010 significantly deepened existing challenges and created massive reconstruction needs for a country that was already the poorest in the Western Hemisphere. In spite of the enormity of the task‚ three years after the earthquake‚ much has been done by Haitians and the Haitian Government‚ in partnership with CSOs‚ the private sector‚ and the international community. Of the 1.5 million internally displaced people‚ nearly 1.2 million have
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As everyone already knows‚ we are still in a great economic recession. It is estimated‚ however‚ that the selling of the iPhone to consumers will add approximately 3 billion dollars to the US economy by the end of this year. Within this article‚ the concept of economic growth is prevalent. With the expected 3 billion dollars expected to be added to the US economy‚ this would add approximately 1/3 of a percentage point to our economy’s economic growth rate by the end of this year. Compared to the
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people now are living their life with technology that makes their tasks more easily to do or to accomplish. So it is easier and more efficient to make the traditional planner into mobile one or a “Mobile Planner” a mobile planner that suitable for NOKIA phones through Java Programming Language. Java is an object-oriented language similar to C++‚ but simplified to eliminate language features that cause common programming errors. Java source code files (files with a .java extension) are compiled into
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“Standard economic theory states that any voluntary exchange is mutually beneficial to both parties involved in the trade. This is because either the buyer or the seller would refuse the trade‚ if it won’t benefit both” (Millard‚ 2012‚ p. 11). Hubbard‚ Garnett‚ Lewis‚ and O ’Brien‚ (2010) said that a competitive market achieves economic efficiency by maximising the sum of consumer surplus and producer surplus. But that result only holds if there are no externalities in production or consumption.
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NOKIA CASE STUDY Presented by: Rica Beloy Co-Presentors: Karla Psalms Magno Dalsa Maamon Leo Masucol Brief History of Nokia In 1871 Frederick Idestam opened his second mill on Nokianvirta river which gave the name Nokia Ab in 1871. Nokia began with making paper-incidentally one of the first communication technologies. In 1898‚ Eduard Polon founds the Finnish Rubber Works‚ which later becomes Nokia rubber business ‚ making everyrhing from galoshes to tires. In 1912‚ Arvid Wickstrom
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VIRTUAL UNIVERSITY OF PAKISTAN Format of Internship Report – (MCMI619) [pic] 1. Title Page The title page of the report will include: a. Name of the organization b. Name of the internee‚ Student ID and session c. Submission date of the internship report d. Name of the University e. VU logo 2. Letter of Undertaking You are required to fill in the Letter of Undertaking provided in the ‘Download’ section of the course VULMS and attach here the scanned copy after signing
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