PGPM 2008 Term I Microeconomics End Term Full marks 30 Time 2 hours 1. This question contains two parts a. In era of hyperinflation‚ what would be the appropriate strategy for firms in the airlines and automobile sector to cope up with both competitiveness in the market and rising cost 5 b. Read the following answer the following questions Textbook publishers evaluate market size
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decide what to produce and in what quantities‚ it is first necessary to know what is obtainable. The PP curve shows the options that are obtainable‚ or simply the production possibilities. What is obtainable is based on the following assumptions: 1. The resources available are fixed. 2. The technology remains unchanged. 3. The resources are fully employed. 4. The resources are efficiently employed. 5. The resources are not equally efficient in production of all products. Thus if resources are
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In a Business Environment‚ Why Should People be Moral as Individuals Joe Bess AIU Online Abstract In a business environment morality should always be an issue due to the damage it can cause‚ not only to your business but to your employees and their families. Morality in businesses recognize the power of conducting business in socially responsible ways and they realize that doing so leads to increase in profit and customer satisfaction and decreases in employee turnovers. Businesses without morality
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Analyzing the Monopolistic Competition of the Retail Industry Understanding the Terms Symbol = a code comprised of letters used as a unique identification of the stock 52 week High = the highest price reached during the last 52 weeks 52 week Low = the lowest price reached during the last 52 weeks Dividend = taxable payment declared by a company’s board of directors & given to its shareholders out of the company’s current/retained earnings Dividend Yield = yield
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market’s price ceiling‚ the idea is based on theoretical analysis which could not be applied in the real situation. There are several assumptions made to support the idea of this article‚ however some of the assumptions are precisely impractical. 1. Applying monopolist scenario on ordinary circumstances As the article states‚ all economical approach in this article is for a monopolist who price-discriminates between two markets. However‚ could this monopolist scenario represent the whole drug
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Kimberly Bell American Intercontinental University Unit 1 Individual Project MKT640 – A Managerial Approach to Marketing November 11‚ 2012 Abstract This paper reflects challenges brought on by starting up a new product‚ the effectiveness and efficiency of technology when marketing‚ and the battle of legal and ethical complication. Given are examples of different situation of each topic to demonstrate how each take place when starting a new product or service. The Marketing Scenario
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Discuss and illustrate the economic justification for establishing a warehouse | Lecturer: Mr. | Preparation by : | Total Words : 1‚368 | Table Of Contents Page 1. Introduction …………………………………….. 1 2. Warehouse function …………………………….. 2 2.1 Display of goods for sale ………………….. 2 2.2 Overseas warehouses ……………………… 2 2.3 Packing warehouses ……………………….. 2 2.4 Railway warehouses ……………………….. 2 2.5 Canal warehouses …………………………
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certain microeconomic principles. Thesis: While Starbucks has been an industry leader in the specialty coffee market‚ rapid overexpansion and current economic conditions have caused it to lose its market dominance. Is the company strong enough to recover? I. The origins of Starbucks A. 1971 Beginnings B. Starbucks goes public in 1992 C. Rapid expansion from mid-1990s to mid-2000s II. Starbucks provides microeconomic principles A. Supply and demand 1. Few stores
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to G.M. Chrysler is adopting its existing models to electricity rather than building a new platform‚ putting their money into technology rather than the platform of the car. “While Chrysler is committed to electric vehicles‚ Mr. Nardelli said the project would benefit directly from a proposed $25 billion federal loan program for the United States auto industry.” Chrysler is attempting to compete in the new demand for electric cars due to the rise in fuel prices‚ ultimately decreasing fuel prices by
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Microeconomics Vocabulary |Word |Definition | |Market |A market is any situation or place that enables the buying and selling of goods and| | |services | |Perfect Competition |Perfect competition is a market structure
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