decrease 7. A cross price elasticity of 0.83 indicates the two goods are A) substitutes. B) inelastic. C) complements. D) normal. E) elastic. 8. The income elasticity of demand for chicken noodle soup is found to be -0.7. This means chicken noodle soup A) is a normal good. B) has inelastic demand. C)
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1. INTRODUCTION OF FMCG INDUSTRY What is the FMCG Industry? "Resilient‚ Rewarding and really‚ really Fast." FMCG industry‚ alternatively called as CPG (Consumer packaged goods) industry primarily deals with the production‚ distribution and marketing of consumer packaged goods. The Fast Moving Consumer Goods (FMCG) are those consumables which are normally consumed by the consumers at a regular interval. Some of the prime activities of FMCG industry are selling‚ marketing‚ financing‚ purchasing
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MARKETING • Nestlé’s relationship with India dates back to 1912‚ when it began trading as The Nestlé Anglo-Swiss Condensed Milk Company (Export) Limited‚ importing and selling finished products in the Indian market. • After India’s independence in 1947‚ the economic policies of the Indian Government emphazised the need for local production. Nestlé responded to India’s aspirations by forming a company in India and set up its first factory in 1961 at Moga‚ Punjab‚ and transformed into a prosperous
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Bolivian Food Although it has been said that breakfast is the most important meal of the day but‚ in Bolivia lunch is the main meal of day. It usually includes soup and a main dish. The potato is the main staple‚ served at most meals‚ sometimes with rice or noodles. Bolivian food is not often spicy‚ but a sauce "la llajwa" is usually available which is made with tomato and locoto (hot chilies). (http://www.languagecrossing.com/Destinations/Bolivia/Food_of_Bolivia/)Traditional Bolivian food uses
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peanuts. The people of Thailand eat small portions of food very often. For example‚ breakfast venders on the streets sell slices of green mango dusted with sugar‚ or thinly sliced chicken with a spicy sauce. In the afternoon noodle vendors appear selling varies noodle soups. Noodles are considered an appropriate lunch; however‚ it is not served at dinner. The main meal of the day is prepared in the early evening. Food is brought to the table as soon as it is prepared‚ there are no designated courses
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better. It details how Nestle has marketed its product in India. Nestlé India has divided its product portfolio into four different segments‚ namely- Milk Products and Nutrition‚ Chocolates and Confectionery‚ Beverages‚ and Maggi (noodles‚ soups and ketchups). Separate marketing mixes have been developed for these four different segments. The pricing‚ promotion techniques used and place of marketing and of course the product of one segment are very different from products of another
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spend $15 to buy a pack of sandwiches or a bowl of fish-ball noodles form a street hawker. Explain the effect on Eason’s opportunity cost of buying the sandwiches if a cockroach is found inside the noodle soup. Eason’s opportunity cost of buying the sandwiches is a bowl of fish-ball noodles‚ however‚ there is a cockroach found inside the noodle soup‚ therefore his opportunity cost would decrease due to the value of the fish-ball noodles would decrease because of a cockroach found. 2A)(i) Distinguish
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form of curry (Gang). Not all Thai food is spicy. In some dishes‚ such as fried noodle (Phad Thai)‚ spiciness is optional. However‚ the majority of Thais love spicy dishes‚ such as curry‚ (Gang)‚ Thai style soup (Tom Yum)‚ and Thai style salad (Yum). Thai food is unique and delicious. Most Thai dishes are a combination of sweet and salty‚ and sour and spicy. Each dish has its balance; for example‚ Phad Thai noodle has a sour and sweet taste; a trace of salty and spicy is optional. Curry is spicy
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CHINA (Chinese Cuisine Lecture) by Bernadette Olivares December 10‚ 2012 CHINA Population: Ethnic groups: Han Chinese 91.5%‚ Zhuang‚ Manchu‚ Hui‚ Miao‚ Uyghur‚ Tujia‚ Yi‚ Mongol‚ Tibetan‚ Buyi‚ Dong‚ Yao‚ Korean‚ and other nationalities 8.5% (2000 census) Religions: Daoist (Taoist)‚ Buddhist‚ Christian 3%-4%‚ Muslim 1%-2% note: officially atheist (2002 est.) Languages: Standard Chinese or Mandarin (Putonghua‚ based on the Beijing dialect)‚ Yue (Cantonese)‚ Wu (Shanghainese)‚ Minbei
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vegetables such as gulai and kari‚ while Javanese cuisine is more indigenous.[1] The cuisines of Eastern Indonesia are similar to Polynesian and Melanesian cuisine. Elements of Chinese cuisine can be seen in Indonesian cuisine: foods such as bakmi (noodles)‚ bakso (meat or fish balls)‚ and lumpia (spring rolls) have been completely assimilated. Some popular dishes that originated in Indonesia are now common across much of Southeast Asia. Indonesian dishes such as satay‚ beef rendang‚ and sambal are
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