Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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formal forecasts when they developed written marketing plans. In Dalrymple (1975)‚ 93% of the companies sampled indicated that sales forecasting was ‘one of the most critical’ aspects‚ or a ‘very important’ aspect of their company’s success. Jobber‚ Hooley and Sanderson (1985)‚ in a survey of 353 marketing directors from British textile firms‚ found that sales forecasting was the most common of nine activities on which they reported. We discuss methods to forecast demand. People often use the terms
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Electronic Data Interchange * Electronic data interchange (EDI) is the structured transmission of data between organizations by electronic means‚ which is used to transfer electronic documents or business data from one computer system to another computer system‚ i.e. from one trading partner to another trading partner without human intervention. It is more than mere e-mail; for instance‚ organizations might replace bills of lading and even cheques with appropriate EDI messages. It also refers
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Guadalupe Romel Menorias Ipinasa kay: Gng. Marie Cris G. Escorpion Economic Performance- ginagamit na batayan kung nagagampanan ng pamahalaan at ng iba pang sektor ang kani-kanilang gawain at tungkulin. Economic Indicators Mga panukat sa economic performance ng bansa Mga instrumento upang ilahad ang anumang pag-unlad na narrating ng isang ekonomiya. Ito ang naglalarawan ng kalagayan ng isang bansa Mga Economic Indicators: Gross National Product (GNP) Gross Domestic Product (GDP)
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Secondary data is gathered via secondary research and involves information that has already been collated/interpreted by someone else for another purpose- for example: Census data Australian economic growth figures Tourist numbers Books‚ newspapers‚ magazines‚ internet articles on a certain subject There are two types of secondary data: Internal: data that has already been collected from internal sources such as internal sales data‚ consumer feedback and other research reports External: published
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poverty for a country. This happens because on this world‚ it has too many people but just has few jobs and lack of foods for all people to survive. Some of the causes that cause to poverty are overpopulation‚ education‚ wars‚ corruption‚ and lack of resources‚ politics‚ and natural disaster and so on. 2.1 Overpopulation First of all‚ the factor that has cause to poverty is overpopulation. For example‚ Vietnam is one of the countries that had faced the problem of overpopulation which cause to poverty
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and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer and their form is changed using labor‚ machines and technology. I.e. car manufacturing. It may
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the discount rate used to determine present values. Thus‚ all managerial decisions should be analyzed in terms of their effects on value‚ as expressed in this equation. Q1-3 Describe the effects of each of the following managerial decisions or economic influences on the value of the firm: A. The firm is required to install new equipment to reduce air pollution. New equipment installed will increase the operating cost. And the sales may increase if the customers have positive attitude to
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briefly explain the quantitative data collection. Data collection is often costliest and the most time consuming portion of study.Quantitative research is an approach for testing objective theories by examining the relationship among variables.The data collection method in quantitative research is in structured manner which involves decent planning of data collection. The planning of data collection process involves certain steps as follows: Identification of data needs. Selecting types
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Analyzing Data IT206 September 2‚ 2011 Don Shultz Analyzing Data The five basic steps that are required for analyzing data using Microsoft Access according to the article by Samuels and Wood (2007. The steps are to gather the data‚ create a database‚ edit and validate data‚ connect data files‚ and perform queries. The first step is to determine exactly what analyzes you want to perform and ensure that you gather all that is needed. Keep in mind to import into Access it has to be formatted
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