Salesmen in leading FMCG Companies The Fast Moving Consumer Goods (FMCG) industry is one among the fast growing industries with consumers everywhere. Fast Moving consumer goods or consumer packaged goods are products that are sold quickly at relatively low cost. Though the absolute profit made on FMCG products is relatively small‚ they are generally sold in large quantities‚ and so the cumulative profit on such products can be substantial. Salesmen play a critical role in any FMCG industry; and for
Premium Fast moving consumer goods Marketing Good
curve as rendering the same level of utility (satisfaction) for the consumer. A budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. For an individual‚ indifference curves and an assumption of constant prices and a fixed income in a two-good world will give the following diagram. The consumer can choose any point on or below the budget constraint line BC. This line is diagonal since it comes from the
Premium Consumer theory
In the background to supply‚ we notice about the terms "total product"‚ "marginal product" and "average product". These three figures are the foundation upon which the analysis of short-run production for a firm is analyzed. Total product is the total quantity of output produced by a firm for a given quantity of inputs. The usual framework is to analyze total product when in a variable input (labor) changes‚ for a given amount of a fixed input (capital). Diagram 1 In diagram 1‚ as the curve shows
Premium Economics
A. If the price of natural gas‚ a resource used by manufacturers throughout the United States‚ were to double‚ the cost of production of notebooks would most likely increase as well. This would then lead to a decrease in supply (a shift to the left). Changes in Equilibrium of Notebooks Price: Increase Quantity: Decrease Determinant: (ROTTEN) Resource: cost and availability B. If the government were to provide a subsidy for notebook manufacturers‚ the cost of production would
Premium Goods Left-wing politics Right-wing politics
sign for Woolworth. The Coca-Cola Company 1950. The Coca-Cola Company Prices change; that’s fundamental to how economies work. And yet: In 1886‚ a bottle of Coke cost a nickel. It was also a nickel in 1900‚ 1915 and 1930. In fact‚ 70 years after the first Coke was sold‚ you could still buy a bottle for a nickel. Three wars‚ the Great Depression‚ hundreds of competitors — none of it made any difference for the price of Coke. Why not? In 1899‚ two lawyers paid a visit to the president of Coca-Cola
Premium Coca-Cola
wage and price controls in response to exceptionally high inflation rates. However‚ Wage and price controls are government restrictions on the rate at which wages and prices may rise during a specific time period. They are most often imposed during wartime to prevent profiteering and steep rises in the price of rare consumer goods. Many nations‚ including Canada‚ instituted a system of both price controls and rationing during WWII to prevent the exploiting and steeply rising prices that might
Premium Inflation
|food |clothing | |2002 price |$4 |$10 | |2003 price |$6 |$20 | a. What are the percentage increases in the price of food and in the price of clothing? b. What is the percentage increase in the CPI? c. Do these price changes affect all consumers to the same extent? Explain. [ii]. Which is likely
Premium Inflation
Price controls are usually justified as a way to help consumers‚ but those who advocate them often ignore their incentive effects. Consider‚ for example‚ rent controls‚ a popular form of a price ceiling. If the demand curve and the short-run supply curves are inelastic‚ then a sizable drop in rents may result in a very small shortage. The benefits to consumers (lower prices) will‚ in the judgment of most‚ clearly outweigh the costs to consumers (less housing). Further‚ the short-run supply of housing
Premium Supply and demand Minimum wage Wage
Theme of Bride Price The Bride Price‚ a story written by Buchi Emecheta‚ reflects a misery life of a Nigerian girl‚ Aku-nna. The absent of her father in the family had dramatically changed her life. Her bride price that she would get before getting married caused many troubles within her family. After reading this story‚ we can see the practice of customs‚ the system of value and the belief of local Nigerians are the main themes discussed in the story. First of all‚ it ’s about practice of customs
Premium Marriage
How Oil Prices Affect the Price of Food By Post Carbon | Wed‚ 21 December 2011 18:07 The current global food system is highly fuel- and transport-dependent. Fuels will almost certainly become less affordable in the near and medium term‚ making the current‚ highly fuel-dependent agricultural production system less secure and food less affordable. It is therefore necessary to promote food self-sufficiency and reduce the need for fuel inputs to the food system at all levels. The connection between
Premium Petroleum Agriculture Peak oil