1) How can the presence or absence of natural resources and arable land affect a nation’s economy‚ regardless of the type of economic system? Natural resource can either make or break a country. If it is a country that doesn’t have many foreign friends it will be hard for them to get the needed resources to survive and they would be missing a lot of capital. 2) How can life expectancy and literacy rates affect the quality of labor in the economy? The long people live and the more they know the
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“Our Summer Trip” North Dakota is not one of those glamorous states that everyone wants to go to. It is not even one of the top forty-nine states on most people’s list. It was at the top of the list for my family‚ though. Out of all the states that we have been to as a family‚ somehow we skipped over North Dakota‚ so we made it our mission last summer to hit this elusive state that we missed. Our vacation was very special to me‚ not only because North Dakota was the last state that we had not
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make it a better place‚ but why aren’t we doing it so? We are not doing much. We must make a change‚ especially with all the gasses that comes out from the cars‚ lorries and even motorbikes. But it is not only the transportation causes all this gas even smokes from industries that are affecting our environment. The rate of global warming is increasing rapidly and we must slow it down before it is too late. We must do something before it gets worse. The reason why I am talking about all of this
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assignment submitted by me is not a verbatim/photo static copy from the websites/ books/ journals/manuscripts. Signature of the student Countersigned Signature of the Faculty Concerned Q 4. Explain pricing methods and which method will be suitable in this present age ? Let us discuss about various pricing methods of determination of price. Introduction No doubt that the economic theory focuses upon the determination of prices in various competitive situation but it does not discuss the methodology
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Huddart‚ & Slotta Transfer Pricing 1. Overview An essential feature of decentralized firms is responsibility centers (e.g.‚ cost-‚ profit-‚ revenue-‚ or investment-centers). The performance of these responsibility centers is evaluated on the basis of various accounting numbers‚ such as standard cost‚ divisional profit‚ or return on investment (as well as on the basis of other non-accounting measures‚ like market share). One function of the management accounting system therefore is to attach a dollar
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Company‚ a distributor of electricity serving portions of Montana and North Dakota. Reliant was in the final stages of planning a takeover of Dakota Gasworks‚ Inc. a natural gas distributor that operated solely within North Dakota. Emerson went on a weekend fishing trip with his uncle‚ Ernest Wallace. Emerson mentioned to Wallace that he had been putting in a lot of extra hours at the office planning a takeover of Dakota Gasworks. On returning from the fishing trip‚ Wallace met with a broker from
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nurse position‚ considering the use of per diem nurses‚ use of overtime for your current staff‚ or just working with the available staff needs to be decided by the nurse manager. The pros and cons of each option will be discussed. When using per diem nurses or giving overtime to the current nurses‚ the one of the concerns is budget. Even though per diem nurses are paid more hourly than a normal hourly pay for a current nurse‚ this changes when looking at overtime pay. Per diem nurses cost $35.00 an
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Pricing Strategies Competition based pricing Setting the price based upon prices of the similar competitor products. Competitive pricing is based on three types of competitive products: * Products having lasting distinctiveness from competitor’s product. Here we can assume * The product has low price elasticity. * The product has low cross elasticity. * The demand for the product will rise. * Products have perishable distinctiveness from competitor’s product‚ assuming the product
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product might be the amount of money that a business expects to receive from good or service which was purchased by its customer. For a majority of products price is determined in a free market by the forces of supply and demand. Also price is one of the 4 elements of Marketing Mix. Pricing strategies are only the medium or long-term pricing plans that a business adopts. There are some main pricing strategies: Price skimming is often used when a new innovative product is launched onto the market
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1. What is “kamikaze pricing”? Kamikaze pricing is an extreme form of penetration pricing. “Kamikaze” is a reference to World War II Japanese dive bomber pilots who would sacrifice their lives by crashing their airplanes‚ heavily loaded with explosives‚ onto enemy ships. Kamikaze pricing happens when the reasoning for penetration pricing is flawed because marketers wrongly assume lower prices will increase sales. However‚ in the business world‚ the continuous pursuit of increasing sales by lowering
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