Indians. Introduce by the advertisement. 2) Discuss the merits and demerits of various distribution channel present. Ans. A) Vertical Marketing System: - Merits :- i. Consumer get product by the company directly. ii. Cheaper then other distribution channel because consumer direct get product by the company. Demerits :- i. Availability depends on company. ii. Changing in
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the provision of public services‚ merit goods and control of demerit goods in Sub-Saharan Africa? Discuss (30 marks) Market failure is a circumstance in which private markets do not bring about the allocation of resources that best satisfies society’s wants. Government failures are inefficiencies of the public sector. Public goods are goods that would not be provided in the free market system‚ because firms would not be adequately charge for them. Merit goods are goods that are deemed as necessary
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12 1). In which Organization structure the principle of “Unity of command” violates? Explain that structure with merits and demerits. 2). Which Departmentalization suits to “Banking Industry”? Explain with merits and demerits. 3). Explain- Principles of Organization. Q-2 Attempt any two 12 1). Explain System
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Market Failure Market failure occurs when the market system is unable to achieve an efficient allocation of resources Positive Externalities Definition of Positive Externality. This occurs when the consumption or production of a good causes a benefit to a third party. •For example‚ when you consume education you get a private benefit. But there are also benefits to the rest of society. E.g you are able to educate other people and therefore they benefit as a result of your education. A farmer
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be public goods or merit goods. Public goods are non-rivalrous and non-excludable‚ while private goods‚ such as a merit good‚ are rivalrous and excludable. When a good has large positive externalities‚ the government should support its production. When a good has large negative externalities (demerit good)‚ the government should limit or stop its production and consumption. Markets can fail in regard to externalities in four ways: lack of public goods‚ under provision of merit goods‚ over provision
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a. Explain the difference between merit goods‚ demerit goods and public goods (10 marks) Merit goods‚ demerit goods and public goods could all cause market failure‚ which is a situation where goods and services in a free market are not allocated efficiently. The ways in which these 3 kinds of goods cause market failure are different and will be explained below. Firstly‚ merit goods refer to goods with positive externalities. This means that its consumption or production can create unintended positive
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claim that for the consolidation of democracy‚ there must exist four levels of change: On the first level is Ideology‚ followed by Institutions‚ then Civil Society‚ and finally‚ Culture. At the level of ideological change‚ believes about the merits and demerits of democracy and its encumberent market structure‚ must first be rationalized. Thus‚ democracy is legitimized. Among the four elements‚ ideology is the most volatile‚ as change can occur practically overnight. However although ideology may change
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What is manual process planning 39. What is CAPP? 40. What are the benefits of CAPP? 41. Define retrieval CAPP. 42. Define generative CAPP. 43. What are the components of generative CAPP? 44. What are the merits of retrieval CAPP? 45. What are the demerits of retrieval CAPP
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merits: 1)sense of security 2)always be the teen’s fashion 3)can use to play when we feel bore 4)makes closer when we r away(easy to get touch with our family) 5)we have fun there(by taking snaps‚videos when there is a function) 6)calendar 7)Timer 8)can do calculation 9)it isPortable demerits: 1)Expensive 2)Some of them are too thin and easily broken. 3)may cause distraction inlearning or when we are at work 4)spend less time with our family(by talking through it always)
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Major market being Kolkata. SCOPE: >>Considered merits and demerits of both alternatives as below: ALTERNATIVES: 1. Village exhibitions: Merits – Overall expenses of setting up an exhibition will reduce. Employment will be generated. Promotion tourism in and around the village. Subsidies from the Government will promote the industry further. NRIs will be a major customer base. Unique identity of the place and product. Demerits – There’ll be a loss of current customer base that is the
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