QUESTION 1 a. A downward-sloping demand curve shows in both graphs when the quantity at each price is doubled what it was. However‚ the curve in demand for pharmaceutical drugs is drawn with a relatively steep slope as inelastic products. Equilibrium price down-sloping along the demand curve while quantity in both market increased to some extent. b. In inelastic demand of pharmaceutical drugs‚ the percentage change in price is greater than the percentage change in quantity demanded. While in elastic
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and ecological environment. PESTEL analysis of the macro-environmentThere are many factors in the macro-environment that will effect the decisions of the managers of any organisation. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. This classification distinguishes between: * Political factors. These refer to government policy such as the degree
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The Virgin of Guadalupe In Chapter 10 “The Virgin of Guadalupe” the book talks about how differencing with the flattening of the world. How China has past Mexico in exports to the United States. How they have also started even making statuettes of Mexico’s patron saint‚ the Virgin of Guadalupe. How countries are advancing or getting left behind by the flatting of the world. How governance‚ infrastructure‚ and education are helping countries succeed in todays world. Even though every country
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1998 was a rather trying year for Virgin group of companies. With the hopes for an economic upturn still remaining‚ it is recommended that the Virgin group approach and review‚ with great urgency‚ the matters outlined in this memo. Questions have been raised by many noted publications including the Economist and Marketing News regarding the current financial state‚ brand strength and future of the Virgin group. Many has quipped Mr. Branson and the Virgin group as over-exerting and extending company
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The external environmental factors affecting the organized retail industry in india are as follows: • Demographical Environment – The important environmental factor that need proper and continuous monitoring called Demographical Environment. Demography is the study of population and its characteristics. Even India has over millions of retail outlet‚ it still has a long way to go with the international standard of retail industry • Cultural Environment – they influence the consumer’s beliefs‚
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The possibility that microorganisms exist was discussed for many centuries before their actual discovery in the 17th century. The existence of unseen microbiological life was postulated by Jainism‚ which is based on Mahavira’s teachings as early as 6th century BCE.[19] Paul Dundas notes that Mahavira asserted existence of unseen microbiological creatures living in earth‚ water‚ air and fire.[20] Jain scriptures also describe nigodas‚ which are sub-microscopic creatures living in large clusters and
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The Virgin Birth of Jesus Old Testament Fulfilled Prophecies The Virgin birth of Christ is an actual Historical fact. God came (in the sinless form of Jesus) into the earth "HE" created. No other event in the past has had so much impact out side of Calvary where Christ paid the price for our transgressions. Seven hundred years earlier‚ this was prophesied by the prophet Isaiah and it came about just as predicated in (Matthew 1:22‚ 23) In Isaiah 7:14‚ we take notice what the prophet Isaiah said
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Jason Nelson explained that the state government sets aside a certain amount of money for education each year but schools are beginning to deal with more human service issues than it has the means to. He also stated that this has led to a sincere group of people recognizing the need for the expansion of school social work (J. Nelson‚
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A macro environment comprises the external factors that can influence a business. These factors are often out of the control or management ability of a company. Factors typically include economic‚ demographic‚ political‚ and technological forces in business. Business owners and managers often spend copious amount of time and effort to assess the overall economic environment in order to determine the number and strength of each factor. Strategies and performance reviews can help owners and managers
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to determine whether: • abuse has taken place • there is ongoing risk of harm to the adult at risk. 5.5.2 Purpose of investigation and assessment The purpose of investigation and assessment is to establish the facts and contributing factors which led to the referral. Central to this is establishing the views and wishes of the person at risk and what outcome they require or desire. In addition there are responsibilities to identify and manage risk in order to ensure the safety of the
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