Sample paper This is an example of the format of multiple choice questions. PART A This section is worth 30 marks Answer all the questions in Part A on the answer sheet provided‚ using pencil only: Question 1 Which of the following statements is true? (a) A profit maximising monopolist will always set price and output at a level where demand is price elastic. X (b) A profit maximising monopolist always produces where Average Revenue equals Average Cost (c) A profit maximising monopolist will
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macro and micro environment:-] | Market research is the function that links the consumer‚ customer‚ and public to the marketer through information | “Marketing environment includes all the forces that directly or indirectly influence marketing operations by affecting an organization acquisition of inputs/creation of outputs such as human‚ financial and natural resources and raw material‚ information‚ goods‚ services or ideas. Sometimes a distinction is more between macro and micro factors
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FINANCIAL EMPOWERMENT OF MICRO AND SMALL ENTERPRI ABSTRACT Microfinance is the provision of savings accounts‚ loans‚ insurance‚ money transfers and other banking services to customers that lack access to traditional financial services‚ usually because of poverty. It is the provision of financial services to the low income households and micro and small enterprises. The general objective of this study was to investigate the impact of Microfinance on financial empowerment of Micro and Small Enterprises
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distinguish macrosociology from microsociology‚ which focuses on the social activities of individuals and small groups. The micro-macro distinction forms one of the central dualisms characterizing divergent sociological perspectives. Seemingly polar opposites such as conflict-consensus‚ stability-change‚ structure-agency‚ subjectiveobjective‚ and materialist-idealist‚ as well as micro-macro‚ provide a shorthand method for denoting differences in central assumptions‚ subjects‚ and models. As with many other
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MARKETING ENVIRONMENT The aim of this lecture is: • To describe important role of Marketing Environment. • To differentiate between Macro and Micro Environments. • To assess the impact of Marketing Environment on Marketing Practices. • To describe various method/Model of Marketing Environment Scanning. Background Information Marketing cannot be practiced in a vacuum; as a business function is affected by various factors or elements within the business environments. According to Lancaster
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Topic One: The Marketing Environment 1. What is meant by the term marketing environment? The marketing environment consists of the actors and forces that affect a company’s capability to operate effectively in providing products and services to its customers. It is useful to classify these forces into the micro-environment (customers‚ competitors‚ distributors and suppliers) and the macro-environment (political and legal‚ economic‚ social/cultural‚ technological‚ environmental‚ legal forces). These
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Los Angeles is a manifestation of Park and Merkel’s commentaries‚ where people from all walks of life share micro-spaces. Even though they may cross paths and share certain spaces on a consistent basis‚ it does not mean they live identical lives. Furthermore‚ difference matters in the places and spaces of the contemporary Los Angeles region and the nature of interaction that occur in such micro-spaces.
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Although there are other branches of economic study‚ micro and macroeconomics are the most well-known. Over the years‚ both have become an increasingly common part of high school and college-level curriculums. Despite their popularity‚ however‚ the principles of these disciplines are frequently misunderstood or confused. While they share some of the same concepts and are interrelated in important ways‚ there is a fundamental difference between micro and macroeconomics. The simplest way to distinguish
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steady decrease in sales over the past five (5) years. Appointed as the Strategic Marketing Manager‚ the main objective is to propose an alternative approach to achieving the company’s goals and objectives. FINDINGS: 2.1 Show the macro and micro environmental factors which influence marketing decisions. Marketing Environment The marketing environment consists of all the factors of a market which impact a marketing management’s decision when producing products as well as developing and maintaining
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------------------------------------------------- The four economic concepts I employed in my report are: ------------------------------------------------- 1. Cost Control ------------------------------------------------- 2. Pricing Strategy ------------------------------------------------- 3. Fighting competition through innovation & branding ------------------------------------------------- 4. People ------------------------------------------------- I previously worked for
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