The UNIVERSITY of NEWCASTLE Faculty of Business & Law LEGL2002 LAW OF BUSINESS ORGANISATIONS Semester 1 2014 MCQ Revision Test SAMPLE PAPER Time Allowed – 50 minutes (including reading time) Value – 10% of total mark. Total Number of Questions – 20 questions Closed book test – no phones‚ calculators or printed materials are allowed Student ID – Please place your student ID card on your desk for checking during the test. All questions are to be answered on the pink GPAS provided.
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rely on them for continuous demand and they can easily increase supply. Therefore‚ the firms can easily monopoly the market and fix their own price. One of the reasons for a firm to enter the market of producing cigarettes would be the profit. These giant tobacco companies makes billion yearly profit after tax. However‚ these firm has to build their reputation through quality. They have to spend millions in advertisement‚ to make their brand of cigarette the ‘cool’ choice. The usual reason of customers
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Outline I. Introduction A. Attention getter B. Introduce topic II. Price elasticity of demand A. Define B. Example III. Price discrimination A. Define B. Example IV. Effect A. Who/how benefits B. Revenue V. Conclusion A. How B. Closing attention getter Price Elasticity of Demand and Price Discrimination Buy one get one half off and 10% off are just two of the more common offers I come across as a student. They may not seem like much‚ but for some people saving just one dollar
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Demand for our products may be adversely affected by changes in consumer preferences and tastes or if we are unable to innovate or market our products effectively. We are a consumer products company operating in highly competitive markets and rely on continued demand for our products. To generate revenues and profits‚ we must sell products that appeal to our customers and to consumers. Any significant changes in consumer preferences or any inability on our part to anticipate or react to such changes
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Social life experiences starting with our parentage create stereotypes during through our social life‚ then educational‚ in addition to where we live‚ wealth‚ environment and our exposure to media‚ religion‚ and culture. People develop visions of how people should be when they are members of a group‚ and the responses we see and receive develop how stereotypes of formed within an individual. I do not feel there is absolute truth to these stereotypes. This would be like stating that all geniuses
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Yes/No (iii) The quarantine service Yes/No (iv) The Great Wall of China Yes/No (v) Contact lenses Yes/No * Question 2: (a) Suppose the income elasticity of demand for pre-recorded music compact disks is +5.0 and the income elasticity of demand for a cabinet maker’s work is +0.5. Compare the impact on pre-recorded music compact disks and the cabinet maker’s work of a recession that
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http://www.studymode.com/subjects/determinants-of-demand-of-fmcg-products-in-india-page1.html http://www.slideshare.net/hemanthcrpatna/a-marketing-project-report-on-nestle-vs-cadbury http://studygalaxy.com/ordinaryview2.php?rep=149 http://www.nestle.in/ Abstract The major aim of this project is to understand the nature of demand and supply of Fast Moving Consumer Goods (FMCG) in India. The point of focus is on Nestle India and its market demand and nature of elasticity is studied in detail.
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world-class support. Dell products can be used within organizations to use business processes efficiently‚ and assist with technology infrastructure and applications services to pinpoint growth opportunities that essentially reduce costs. b. Demand for the equipment that Dell produces is very high. The global computer industry is consistently transforming to meet the needs of business and personal activities and Dell is front and center with this. Globalization has helped innovation with respect
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How To Create a Website Are you thinking about making a website? There are many places online that offer internet users a free website. Some web hosting companies also offer free website hosting; Hosting simply provides the server‚ programming‚ and information needed for other people to view your site. They provide easy to use website templates for your convenience. These templates are web page designs that you get to pick and design. Most web hosting companies also offer different modules that
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Q 1)Why do central problems arise in an economy? 1 Marks Ans. Central problems arise in an economy due to scarcity of resources having alternative uses in relation to unlimited wants. Q 2)What is the general shape of the APP curve? 1 Marks Ans. APP curve first rises and then falls when more units of a factor are employed. Q 3)What do the returns to scale refer to? Returns to scale relates to increase in output when all the inputs are increased in the same proportion. Q 4)What are
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