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Soft Selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. For example suppose you're trying to sell a company a new accounting system that will reduce costs by 10%. Instead of asking for a price you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry the adverse selection problem and why soft selling is a successful signal.
Explain how will different cultural perspectives of a region impact your global business operations.
A small business which produces plastic vacuum-suction covers for round household dishes has monopoly that is protected through a utility patent. Market demand curve for this product is estimated to be:
Suppose which major function of profit is to allocate resources according to consumer preferences
Illustrate what happens if the government is trying to stimulate the economy with their spending, but this leads to a greater output than projected.
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
Describe the factors in Michael Porter's "Five Forces Model" that affect the ability of any comapny in an industry to earn a profit.
Working on your Portfolio assignment through researching and selecting an article for your analysis. Appropriate articles are those that:
For this hypothetical economy, what were the three major issues of concern in 2009 AND What is the relationship between these three variables, that is, how does one affect the other?
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Explain how much will your industry's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
Suppose the effects of government policy, social diversity, and business ethics on recommendation.
15 page term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector (or could be any other sector in which compared to China the corruption is less) is ab..
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