with planning managers might be expected to minimise the damage or create opportunities. In some ways I feel that demographic change in the UK represents more of an opportunity because it may create marketing opportunities as market demands change. If the business can adapt or develop their marketing strategies and tactics then this may create sales opportunities. For example for the company IKEA their traditional product value is low price high volume product but the movement into mid to higher
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decisis”. Stare decisis means to stand by previous decisions in Latin. The doctrine of stare decisis is a doctrine of precedence and has two aspects: 1) definitional or substantial – the principle of law is found in the precedence called the ratio decidendi: the narrowest and necessary legal principle upon which a legal decision was based. This is the aspect of the case that binds future courts and must be followed. 2) Structural: what precedent cases must be followed. Rupert Cross wrote
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cost advantages entrants have to pay higher prices for inputs‚ this may be due to economies of scale or due to existing firms owning or controlling the supply of scarce resources. Scale economy barriers exist when declining LRAC for the product in question makes it difficult for smaller firm to enter the market. Perfectly competitive markets are said to have 0‚ or low‚ barriers to entry compared to monopoly industries which have very high barriers. It is possible for monopolies to own patents and
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prokaryotes do not? Endoplasmic Reticulum was the answer on mine‚ but it is any membrane-bound organelle Know the diagram with the horizontal cells‚ amacrine cells‚ ganglion cells‚ and bipolar cells. Know the functions of all of these. It is about three questions in true and false form. The image (50.17) on page 1096. Bipolar cells – receives the information from several rods and cones Ganglion cells – gathers input in several bipolar cells Horizontal and amacrine cells – intergrate information across
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Marketing Strategy Midterm * The 3 V Principle of Managing Value is an organizing framework where customer value‚ company value‚ and collaborator value overlap to form an optimal value proposition ( OVP). * Which of the 5 C’s involves the relevant aspects of the environment in which the company operates‚ including economic‚ technological‚ sociocultural‚ regulatory‚ and physical aspects of the business environment? Context * The D-C-D framework is all about designing‚ communicating and
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SHORT GUIDE TO ANSWERING EXAM QUESTIONS 1.1. Planning * All questions o Identify the question o Identify the applicable law o Identify the key factors for that particular law * Hypothetical questions o Identify the key facts (based on the key factors) o Identify the key issue 1.1.1. Identifying the question A very interesting phenomenon that occurs often is the fact that students often say they do not know what the examiner is asking. Examiners are usually
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Piyabalo Padaro MGT 301 Midterm Exam 17 November‚ 2012 1. A re-organization will require that some employees are provided severance packages while other reassigned. What interpersonal managerial roles developed by Mintzberg will a manager confronted with this employ? Explain. Most of us agree that for the companies to function more efficiently and effectively‚ some changes need to be made sometimes to ensure that the current requirements are met. Managers most of time have to reorganize
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MARKETING MANAGEMENT UNIT 1 – INTRO TO MARKETING – A STRATEGIC PERSPECTIVE 1. What is marketing? 2. Why is marketing important? 3. Key Concepts of marketing * Needs * Wants * Demands * Products * Exchange * Transactions * Market 4. The evolution of marketing * Production orientation * Product Orientation * Selling orientation * Market Orientation * Societal Orientation 5. Adopting a marketing
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Chapter 10 Supply-Side Equilibrium: Unemployment and Inflation? Problems 1. PROFIT IS EQUAL TO REVENUE MINUS COST‚ WHERE REVENUE EQUALS PRICE TIMES QUANTITY OF OUTPUT‚ WHILE COST EQUALS THE WAGE RATE TIMES EMPLOYMENT (ASSUMING WAGES ARE THE ONLY COST OF PRODUCTION). ASSUME THAT‚ ON AVERAGE‚ EACH FIRM PRODUCES 100 UNITS OF OUTPUT A DAY‚ EMPLOYS 90 WORKERS AND PAYS A WAGE OF $100 A DAY. a) As the price of output rises from $80 to $90‚ $100‚ $110‚ and $120‚ show how the
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Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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