1- Service What are different services that PIL offered to their customers? 1- PIL provides service to their customers‚ which was transporting cargo from shippers at containers to many different countries. 2-PIL company gives an advantage to their customers that to talk to them directly and ask about their shipments for loading and discharging at their containers and what are the operations that can be done from when shipper loading cargo and then discharging until it reaches to the destination
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Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) If the marginal benefit of pizza exceeds the marginal cost of pizza‚ then compared to the allocatively efficient quantity‚ we are producing too ________ pizza and too ________ of other goods. A) little; much B) little; little C) much; little 1) D) much; much Answer: A 2) ________ is the difference between the value of a good and the price paid for it summed
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"higher-end" shaving product. This is evidenced by the location within stores and the price. Price SSSG is premium-priced at $3.95 for a 5.5 oz. tube‚ or $0.72 per ounce. The average price of representative competitors is approximately $0.51 per ounce. Physical Distribution Rack jobbers place SSSG in stores. Retailers receive a 40% margin on the retail price and rack jobbers receive 20% of the wholesale price. Alternatives and Analysis Alternatives are listed in the table below. A product
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A price ceiling is a government-imposed limit on the price charged for a product. Governments intend price ceilings to protect consumers from conditions that could make necessary commodities unattainable. However‚ a price ceiling can cause problems if imposed for a long period without controlled rationing. Price ceilings can produce negative results when the correct solution would have been to increase supply. Misuse occurs when a government misdiagnoses a price as too high when the real problem
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Unit 4: Seminar – Price Controls Unit 4: Seminar – Price Controls Juan Ujueta Kaplan University BU224: Microeconomics Professor: Vilma Vallillee August 1‚ 2012. Price Controls Despite the fact that all markets tend to move into equilibrium‚ there might be occasions when neither buyers‚ nor sellers are satisfied with that equilibrium. Even at an equilibrium point buyers will contest their cases that prices should be go down‚ and sellers contest their
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Economics Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end
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assignment Take a brand study its price elasticity of demand and relate it to revenue. Say how the REVENUE of the product increases or decreases because of the ELASTICITY. The elasticity of demand measures the responsiveness of the quantity demanded of a good‚ to change in its price‚ price of other goods and change in consumer’s income. Accordingly elasticity of demand is of three types: Price elasticity of demand Income elasticity of demand Cross elasticity of demand Price elasticity of demand: it
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The purpose of this essay is threefold. First‚to identify specific factors and the environment affecting an export price policy. Second‚ to analyse thisthese factors within our firm and to extract the best decisions given our starting point. Finally‚ to consider the above and to give guidelines governing thatwhat should be applied in the international marketing price. It should be noted that in some cases due to an information deficiency‚ assumptions should be madee. “Pricing is the moment of
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functional areas of a Firm. It is used as an interactive tool to enhance the integration and learning of the basic concepts of business in a real life context: the Bicycle Manufacturing Industry. You will get hands on experience at making critical price‚ marketing‚ operations‚ product development‚ and financial decisions. Your team will take over an existing Bike Company. You start as Brand Managers‚ but the company President has announced his/her intention to retire in 3 years time. Your team has
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cannot duplicate without having the funds or other resources to do so. Although Hi-Value Supermarkets offer the highest level of convenience‚ there prices are overall are the highest as well. Residents of Centralia prefer lower prices because according to the U.S. Census held in 2000‚ the median income was 36‚000. It is understood that price is the most important store determinant for the residents‚ which poses a problem for Hi-Value. The major question described in the case is whether or not
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