Objective 309.1.2-09: Discuss the application of elastic and inelastic demand in a given marketing situation. Introduction: Supply and demand concepts have application in everyday life. They also directly impact the business person in daily decisions. Task: A. Define the following three terms: 1. Elasticity of demand 2. Cross-price elasticity (include substitutes and complements) 3. Income elasticity (include normal and inferior goods) B. Explain the elasticity coefficients for each of the three
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Optimal results of a well-prepared and well-delivered performance appraisal Higher employee satisfaction – When an appraisal is exquisitely prepared and well delivered employees are prone to respond better to the feedback presented. The employees also come away from the meeting with a clear understanding of their performance and where improvement is needed. They will also have good understanding of the company’s goals both for itself and for the employee themselves. Improved Efficiency – After
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(LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of
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SURREALISM RESEARCH TASK 1. Artists: Andre Breton (1896 –1966): A French writer and poet‚ best known as the “Founder of Surrealism”. René Magritte (1898-1967): A Belgian Surrealist artist who became well known for his witty and thought-provoking images that challenges observers’ preconditioned perceptions of reality. Marcel Duchamp (1887-1968): A French-American painter‚ sculptor and writer who challenged conventional thought about artistic processes and art marketing through subversive
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Task B Case Study Read the following case studies and answer the related questions. Case Study One You are a support worker for Mrs Ahmed who is 89‚ physically frail and lives alone. She has diabetes. Mrs Ahmed wants to eat foods that are not suitable for her medical condition‚ and asks you to shop for her as she is not able to get to the shop herself. Bi Describe the difficulties for you in exercising your duty of care and upholding Mrs Ahmed’s right to choose. I would consult Mrs Ahmed’s
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Task D In this report I want to discuss the concern raised publicly on a recent documentary on BBC’s Panorama‚ which focused on a local care home. Panorama went undercover into various care homes around the south east of England with the suspicion of abuse towards the service users within the care homes. After Panorama disclosed their findings to the nation‚ the public were appalled and had their own concerns about using the service provided by the care sector. The next day it became headlines in
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Understand how to set up a home based child care service CYPOP5 Task 1 1.1 If you wish to become a childminder or care for children under the age of 8yrs‚ you will have to register with one of the UK’s regulatory bodies by law. There is also a voluntary register for those that wish to work with children over 8yrs. Which Body you register with will depend on what part of the UK you live and wish to work in. If you live/work in- England - The office for standards in education (Ofsted)
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It Management Mgt2 Task 3 | MGT2 Task 3-B | | Xemba Translations Jade Lewis May 7‚ 2014 Task 3- A The following are risks that are determined after a new risk assessment was conducted. Coming into the project after it started led to more risk assessment then a complete metrics review. Risks identified for Xemba Translations Telecommuters project Risk 1 Time Time is a risk for this project on several levels. 173 employees this will be affected as well as their customers. The company has agreed
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Task A 1) What duty of care means in children and young people’s setting. All adults who work with‚ and on behalf of children are accountable for the way in which they exercise authority‚ manage risk‚ use resources; and safeguard children and young people. All the adults working within the setting have a duty to keep children and young people safe and to protect them from any sexual‚ physical and emotional harm. Children and young people have a right to be treated with respect and dignity.
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EYMP 5 Task 1 Explain each of the following Speech: verbal communication‚ made up of sounds words sentences which have order and rules. Language: names and words which describe things and join them together‚ different languages come from different regions or countries some are more similar to each other than others. Structured communication with rules that allow them to convey anything Communication: sending and receiving messages using body language‚ facial expression and gesture and language
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