Project :-As a retail manager how will you achieve business by decision making focused on price offer and demand pressure from customer ‚on availability of product ? Examine the strategy you will adopt in retail chain business (Big Bazaar). Answer: As a retail manager in Big Bazar we need to understand the organized retail and how we operate in India along with the SWOT analysis‚ Then I will look for the Price mix and factors related to this. What is Big Bazar and why it is like this :- Basically
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List and briefly describe the 4 goals of sentencing in your own words. -The four goals of sentencing are retribution‚ deterrence‚ incapacitation and rehabilitation. Retribution concerns a punishment that coincides with the degree of the crime and is best phrased as “an eye for an eye” as it is hoped that the punishment reflects the crime. Deterrence refers to making the desire to commit a crime unappealing as the public witnesses and understands that they will be punished in the same fashion as others
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The Lahore Journal of Economics 15 : 1 (Summer 2010): pp. 1-26 The Determinants of Pakistan’s Trade Balance: An ARDL Cointegration Approach Waliullah*‚ Mehmood Khan Kakar‚ Rehmatullah Kakar and Wakeel Khan ** Abstract This article is an attempt to examine the short and long-run relationship between the trade balance‚ income‚ money supply‚ and real exchange rate in the case of Pakistan’s economy. Income and money variables are included in the model in order to examine the monetary and absorption
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References: [4] Boansi‚ D. 2013. Export performance and macro-linkages: A look at the competitiveness and determinants of cocoa exports‚ production and price for Ghana [6] European Commission. 2011. Ethiopian coffee‚ intellectual property rights and geographical indication protection: Perspectives. [8] Ministry of Trade. 2012. Coffee opportunities in Ethiopia. Ministry of Trade‚ Federal
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Four Steps to Forecast Total Market Demand F. William Barnett Harvard Business Review No. 88401 HBR JULY–AUGUST 1988 Four Steps to Forecast Total Market Demand F. William Barnett Recent history is filled with stories of companies and sometimes even entire industries that have made grave strategic errors because of inaccurate industrywide demand forecasts. For example: ▫ In 1974‚ U.S. electric utilities made plans to double generating capacity by the mid-1980s based on forecasts
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the most expensive gas The United States gasoline prices have been fluctuated from $3.40 a gallon to $3.60 in the last few months. As of July 20‚ 2013 the average fuel prices which is nationwide use to be $3.63 per gallon has rising up from $3.48 cents a gallon‚ which was a week apart. The recent rise in gas price have some drivers wondering if the gas price will soon be up to $4.00 a gallon by the end of this summer. The Crude oil prices have shot up partially because of the political unrest
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Income Elasticity of Demand Income elasticity of demand may be defined as the ratio or proportionate change in the quantity demanded of a commodity to a given proportionate change in the income. In short‚ it indicates the extent to which demand changes with a variation in consumer’s income. Practical application of income elasticity of demand 1. Helps in determining the rate of growth of the firm. If the growth rate of the economy and income growth of the people is reasonably forecasted‚ in that
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4. Explain why economists usually oppose controls on prices. The reason most economists are usually oppose about price controls is that they distort the allocation of resources. Price ceilings‚ which prevent prices from exceeding a certain maximum‚ cause shortages. Price floors‚ which prohibit prices below a certain minimum‚ cause surpluses‚ at least for a time. For example‚ let’s say that the supply and demand for milk and eggs are balanced at the current price‚ and that the government then fixes
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examples‚ explain the concepts of price elasticity of demand‚ income elasticity of demand and cross elasticity of demand. Income elasticity of demand measures the responsiveness of demand to a change in income‚ ceteris paribus. It is the percentage change in demand for a good resulting from a percentage change in income‚ ceteris paribus. When income changes with other price or non-price factors‚ such as income‚ remaining unchanged‚ income elasticity of demand measures how much to which demand will
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The Redman-Childe list outlines the four main characteristics of a civilization that includes: 1) Concentration of surpluses 2) Hierarchical/Class structured society 3) Full-time specialization 4) Large urban centers (cities/states). Characteristics are further divided into primary and secondary‚ with secondary characteristics as significant but not fundamental in the development of a civilization. The primary characteristics from Redman-Childe list will be used to assess ancient China. In order
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