Part 1 of 3 - 100.0/ 100.0 Points Question 1 of 16 10.0/ 10.0 Points Demand is price inelastic if: A.the price of the good responds slightly to a quantity change. B.the demand curve shifts very little when a demand shifter changes. Correct C.the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. D.all of the above are true. Answer Key: C Question 2 of 16 10.0/ 10.0 Points If the absolute value of price elasticity
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appropriate strategy to implement. A market by definition and be surmised at being “the set of all actual and potential buyers of a product” (Kotler‚ 1998). The yoghurt market consists of all the actual and potential buyers of yoghurt products. The macro-environment consists of six types of forces economic‚ demographic‚ cultural‚ natural‚ technological and political. “Vital Foods” must ensure that they take into account the trends‚ changes and alterations in these environments which can both pose threats
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Assignment no-3 Basics of Marketing 2013159_106_3 Analyzing Macro Environment on Automobile Sector The car industry environment is very complex due to the large number of product markets‚ buyers‚ suppliers and customers‚ which spread across the globe. As such‚ it has often been described as "the industry of all industries". There are various forces that influence this environment. Hence‚ this report analyzes some of the political‚ economic‚ socio-cultural and technological trends‚ key to understanding
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Write the quantity equation and explain it. Money x Velocity = Price x Transactions Money x Velocity = Price x Output This theory seeks to explain how money affects the economy‚ and is based on the fact that money is demanded as a medium of exchange. We can say that price level is a function of the quantity of money in circulation. The transaction version of the quantity theory states that the changes in money supply other things remaining the same‚ brings a directly proportionate change in the
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Macro-Environmental Factors Vietnam is a peninsula‚ which located in the Southeast Asia monsoon zone. Its long narrow territory stretches 1700km from north to south and in the center a mere 50km from east to west‚ the territory looks like a dragon stand at east of the Indo-Chinese peninsula. The coastline‚ which extends for 3260km‚ has fine beaches and archipelagos. It not only has beautiful landscape attracts countless tourists and also can get rich seafood‚ provided favorable conditions for raw
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“This framework will be dependent upon those circumstances or sort of a surroundings that the individual is destined under which portray how an aggregation could take off. In this framework might social an aggregation which might reflect to social approaches In light of know youngsters.” To example‚ “like a tyke who grew up set up which may be encompassed Eventually Tom’s perusing criminals
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Bibliography... 13 1. Executive Summary Microsoft is a computer business company. It is famous for software products are the Microsoft Windows line of operating systems‚ Microsoft Office suite‚ and Internet Explorer web browser. It is the world ’s largest software maker measured by revenues. Also Microsoft has a new development strategy in recent year which approaching to smart-phone industry. Microsoft built on the partnership with Nokia since 2011‚ and the significantly
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this topic. I also thank my parents and my friends for being there for me always and for providing moral support. Terminology Iterative method: The term ``iterative method’’ refers to a wide range of techniques that use successive approximations to obtain more accurate solutions to a linear system at each step. Rate of convergence: In numerical analysis‚ the speed at which a convergent sequence approaches its limit is called the rate of convergence. Although
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by making a process flow diagram for the flow of berries at RP1 from the moment berries arrive at the RP1 in trucks to the moment they leave in RP1 after being bag packed‚ bulk loaded into trucks or loaded into bulk tins. The capacities of the various processes are based on the assumptions or data as shown below: Dumping Capacity Number of Kiwanee Dumpers = 5 Average time taken by truck to load the berries onto Kiwanee Dumpers = 7.5 minutes (Maximum being 10 and minimum being 5 minutes)
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A. Throughout American history there have been periods of financial boom and bust‚ economic growth and recession. The most recent recession from the third quarter 2007 to the second quarter 2009 seemed like an extraordinary period of recession. The S&P 500 shrank from about 1300 points to 666 points (50%)‚ evaporating capital in a matter of days. However‚ this recessionary period was quickly turned around to economic growth again. The average post-World War II length of economic contraction
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