Assignment Two Answers Problem: 3-2 a. Find the optimal product mix? The optimal product mix is as in screenshot above‚ fields of Number to produce: Basic XP VXP 514.285714 1200 28.57143 b. If you round the values in the changing cells to the nearest integer‚ is the resulting solution still feasible? No‚ the rounded number of Product to Produce does not generate feasible solution. In order to obtain feasible solution close to optimal‚ we need to set a new Integer constraint on Number to Produce
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EGT1 Task 2 A) Elasticity of Demand pertains to the relationship of price and need of a product. If a price increases will the demand increase or decrease? When a demand is elastic‚ it means even a small change in price can cause a large change in the quantities consumers purchase. (McConnell‚ pg. 77) So for example in an elastic demand if you reduce the price of a good the demand will increase a large amount and revenue then increases. When the is inelastic‚ according to McConnell it means when
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Themes in U.S. and World History – GKE Task 2 Colleen R. Bassoukos‚ RN Western Governors University Task 2-A: There have been many individuals throughout history that have left an indelible impact on their people and the world‚ but few could rival the difference that Mohandas Gandhi made. Gandhi was born on October 2‚ 1869 in the British Common Wealth of India. He spent his youth witnessing the injustices that the English purveyed on the Indian people; something that eventually helped him to
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BUSINESS ENVIRONMENT TASK 1 AND TASK 2 a)Identify the purpose of different organisation giving examples(AC1.1) Sole trader-it’s a business that is owned by only one person and it can have one or more employees. This type of business organization often succeeds because the owner has total control of businees‚ the owner keeps all profit and it’s cheap to start-up‚but also it can be difficult to raise financial‚it may be difficult to specialise or enjoy economies of scale and can also have problems
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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 terms defined in part A. C. Contrast
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GKE Task 2 Nelson Mandela was a visionary freedom fighter who brought about the end of an apartheid society and solidified the democratic elections of presidents by majority rule to South Africa. Born in 1918‚ Mandela’s early introduction to leadership in the Thembu tribe molded his democratic beliefs ("Nelson Mandela‚" 2009). His youth found him exposed to Western culture which ultimately led him to abandon the Thembu culture and relocate to Johannesburg ("Nelson Mandela‚" 2009). It was during
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any prejudice and biases towards any employees in any way shape or form. d. Caring; at I.G. we care about each employee and ask that you do the same to the company! We expect all employees to show compassionate and practice forgiveness when possible. 2. Accountability: a. Responsibility for own actions; every individual is responsible for their own actions whether they are positive or negative. Positive actions are recognized and acknowledged by management for rewards‚ and negative actions can lead
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Assessment Task 2: Report Mastering Transitional difficulties into University ATS 1369 Understanding university learning Kevin Marincowitz 25037609 Jason Mathews TABLE OF CONTENTS 1. Introduction……………………………………………………… 2. Literature review………………………………………………….1 2.1 Social support……………………………………………...1 2.2 Time management………………………………………....2 2.3 Academic work load………………………………………2 3. Recommendations…………………………………………………2 4. Conclusion…………………………………………………………3 5. Reference
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A1. During the evaluation of Competition Bike’s budget schedule a few areas of concerns were identified within the budgeting and proformas. The first area of concern within budget was advertising. The advertising was budgeted for $28‚412; they may want to consider increasing their marketing to reach a wider audience to boost sales. In year 6 the advertising was $23‚820‚ then increased year 7 $32‚760‚ and year in 8 decreased to $27‚428. They need to increase their exposure within the bike market
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Task 2: Self-Assessment of Leadership Practices Seven Habits Profile & Findings After completing the seven habits profile‚ my lowest categories were emotional bank account‚ life balance‚ be proactive‚ begin with the end in mind‚ put first things first‚ seek first to understand‚ and sharpen the saw. Life balance was really no surprise to me. I often put my work life ahead of everything else. I strive to be the best that I can at work‚ and I am striving to better myself and achieve a management
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