using in your home country and now‚ studying in Hungary. make a comparison : - how much do you pay for them in the two countries - what % of your monthly income is spent on ICT in the two different countries - how sensitively your demand reacts to the changes in prices ‚ income - to what category do these products belong in your consumption: normal‚ inferior‚ luxuries‚ substitutes‚ etc. in the two different countries - what do you recommend for yourself to make your consumption the most rational
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estimate elasticity of demand. If there is no switching cost between lens and medicine‚ under any price above WTP‚ farmers will choose only medicine. On the other hand‚‚ farmers will chose only lens at any price below WTP. Therefore‚ demand curve is perfectly horizontal. If we assume there is some switching cost‚ and the cost is different from farmers‚ demand increase when price goes down. If we assume liner demand curve‚ we can say slope of demand curve is negative. Still‚ at the price of WTP‚
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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Unilever is an international consumer good company. With more than 400 branches‚ Unilever has their products sold in more than 190 different countries in the world. Unilever products focus on people’s health and well-being. The company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams‚ affordable soaps‚ luxurious shampoos and everyday household care products. Unilever divided their products into four main segments: Personal care (36% of sales) with Dove‚ Rexona‚ Lux‚ Sunsilk
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HANOI UNIVERSITYFACULTY OF MANAGEMENT AND TOURISMPRINCIPLE OF MARKETING REPORTOMO – UNILEVER VIETNAM Tutor: Phạm Thị Phượng Students: Khương Dư Kim Trần Thị Hồng Nga Đỗ Quỳnh Trang Hoàng Thanh Loan Tutorial: Tut 5 – Second Major Hanoi‚ May 2012 | PRINCIPLE OF MARKETING REPORT Subject: Principles of Marketing Tutorial: 5 – Second Major Tutor: Phạm Thị Phượng Group members: 1. Khương Dư Kim - ID 0907010110 2. Trần
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fluctuations in the supply and demand affect the price of the gasoline and everyone can see the result of that volatility at the pump as the gas price fluctuates accordingly. When demand for the gas is high retailers raise prices and when demand is low – the prices are driven down. As an example‚ one can observe that when in need for gas the intersection that has several gas stations would have the same or similar pricing for gas because the supply is high and the prices are contained by competition
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would be very comfortable to carry bags. It will be tightly packed so that the food doesn’t get cold easily. Our shop is dedicated to consistently providing high customer satisfaction by rendering excellent service‚ quality products‚ at an acceptable price/value relationship. We try to maintain a friendly‚ fair‚ and enjoyable relationship with our customers and try to show our hard work through improving our services. The other reason for opening this type shop is‚ this is our traditional food. By serving
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FINANCIAL ANALYSIS COMMON SIZE ANALYSIS OF BALANCE SHEET VERTICAL ANALYSIS ASSETS Rupees in thousand Rs. % Rs. % Rs. % NON-CURRENT ASSETS Property‚ Plant and Equipment 649‚333 32.77 620‚702 35.12 300‚726 27.6 Intangible assets 81‚637 4.07 81‚637 4.62 81‚637 7.49 Long term
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Ref.No.: FM0001 Unilever Limited: Transforming the Finance ‘Function’ “Top performing businesses have top performing finance functions‚ but few finance functions are top performing.” – Scott Parker‚ Head of Financial Management‚ KPMG LLP (UK) In an era of globalisation‚ increasing economic pressures and stringent regulatory norms‚ the role of finance function is becoming much broader than ever before. With changing times the role of finance manager is becoming concentrated‚ moreover‚ Chief
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Elasticity: Complements and Substitutes D. Buress‚ R. Jackson‚ J. Jones‚ P. Nelson‚ I. Skidmore ECO/365 February 2‚ 2015 R. Caratao Elasticity: Complements and Substitutes This week our team was tasked with discussing the concepts of complementary and substitute products and their effects on supply and demand. Most of the discussions were centered on getting a true and valid understanding of the definitions for each of these economic scenarios. Complements and Substitutes As we looked at why some
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