IBM (PYQ April 2011) PART A QUESTION 1 a) Identify India’s economic system during 1947 to 1990. India’s economic system during 1947 is a democratic system of government. The economic system that developed in India after 1947 was a mixed economy characterized by a large number of state owned enterprises‚ centralized planning‚ and subsidies. b) Based on the case study‚ describe the following: i) India’s current economic system. Economic system is the framework adopted by each country to
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The Chinese government originally pegged the value of the yuan against the U.S. dollar in an attempt to compete with the U.S. and the rest of the world. Because China is an export driven economy‚ the government thought exports would be less expensive with the pegged value of the yuan. This is a possible benefit of pegging the value of the yuan against the U.S. dollar or any other foreign currency. Therefore‚ the pegged exchange rate undervalued the yuan by as much as 40%. This fueled a boom in Chinese
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economic theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems. It deals with the practical application of economic theory and methodology to decision-making problems faced by private‚ public and non-profit making organizations. The same idea has been expressed by Spencer and Seigelman in the following words. “Managerial Economics is the integration of economic theory with business practice for the purpose of facilitating decision making
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sector accounting for only about 40% of the GDP and providing only about 6o% of the country’s employment (CBN Various macroeconomic factors affect agribusiness in Nigeria‚ major among these are stable and predictable policy environment‚ interest rates‚ employment‚ unstable foreign exchange rates‚ current account and government spending. Stable and predictable policy environment: Prior to 1999‚ Nigeria has had unstable governance characterised by various military coups and unstable democratic government
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HARLEY DAVIDSON AND THE INTERNATIONAL MARKET FOR LUXURY GOODS Once a company decides to expand in emerging international markets‚ it faces a stream of decision making sequences and marketing strategies. The criteria to select entry market exclusively depends on country infrastructure‚ political risk‚ market access and potential‚ shipping considerations‚ foreign exchange‚ service requirements‚ timing‚ product fit and factor cost‚ conditions etc. Type A company: Identifying a country Since
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implications of the statement by a Nike representative that “consumers are not rewarding us for investments in improved social performance in supply chains.” What this means to me‚ is that Nike has to step up the game‚ and start to create a positive environment. Change the system for upgrades. Doing this will being more consumers‚ and brining feedback from consumers will help Nike continue forward. Other successful companies realize that the responsibility of one is to work towards the accountability of
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1: The Science of Macroeconomics Macroeconomics is the study of the economy as a whole. It addresses many topical issues which includes growth in incomes‚ changes in the overall level of prices‚ and the unemployment rate. Macroeconomists attempt to explain the economy and to devise policies to improve its performance. Economists use different models to examine different issues. Macroeconomic events and performance arise from many microeconomic transactions‚ so macroeconomics uses many of the
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A Research Report on Consumer Preferences for Traditional Vs Online Shopping Business Research Methods School of Business Submitted to: Submitted by: Abhishek Dutta Mudassir Hasan Khan Faculty LPU
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EXTERNAL FACTORS: Environment The environment is the world in which the organization operates‚ and includes conditions that influence the organization such as economic‚ social-cultural‚ legal-political‚ technological‚ and natural environment conditions. Environments are often described as either stable or dynamic. ➢ Stable environment • customers’ desires are well understood • remains consistent for a relatively long time • Examples of organizations that face relatively
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#1 What marketing strategy was Levi Strauss using until the early 2000s? Why did this strategy appear to work for decades? Why was it not working by the 2000s? The marketing strategy used until the early 2000s was very simple. The strategy was to sell the same products worldwide and not to change them based on location or culture. This strategy appeared to be working because many people just wanted jeans and at the time this is what was offered and so people bought them. The old strategy was designed
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