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Cross-Price Elasticity and Complements
If cross-price elasticity is positive, does that mean two products are complements? Why or why not?
Positive cross-price elasticity is said to occur when the demand and price for two products are moving in the same direction.
Explain what is meant by market commonality? By resource similarity? What factors affect the likelihood that a firm will take a competitive action?
Assume capacity and sales can be doubled to 4,800 units. Again compute new net income if facilities costing 500,000DM are added at 5 year life. This is a straight forward computation.
Draw a network representation of the Contois Carpet problem
What is the influence of television commercials on American culture and if you could do something about TV commercials what would you do?
Identify some specific strategies that might elevate consciousness about white collar crime.
What might it have done differently and how does this example relate to the concept of economic Darwinism?
Find a product or service that you recently have bought from a salesperson. For example, the product could be an emerald ring at a jewelry store or a service could include paying extra to have the new washing machine you purchased delivered to you..
When and under what conditions is it right for companies to buy their inputs from suppliers that do employ women and children at unfair rates? Give an example.
Sprint and IBM have formed a five-year customer service contract, built on their existing relationship, and their new business initiatives could mean major revenue opportunities for both of them.
Create a new product for an existing organization and analyze current competitors and define the competitive landscape for the product.
Leadership - Prepare a one-page journal of how the information within the readings in this module relate to your own leadership.
What do you think the Founding Fathers of the United States determined that they needed to have different age requirements for the various offices of the government?
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