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Part A : Select one of the following economic issues and discuss how it impacts on your organisation.
Part B: Discuss how the following are used or could be used in the organisation.
Part C: Discuss the benefits and limitations of budgeting and planning relating this experience to the budgeting process and budgetary control in the organisation.
Q. What is External Diseconomies? The expansion of an industry is likely to generate external diseconomies that raise the cost of production. An increase in the size of industr
250 word essay: A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the summer, golf, tennis, and hiking. The resort’s oper
Jane, the manager of a company manufacturing air-conditioning units can choose between two production technologies for a new product line. If she chooses and installs technology 1,
Suppose you have estimated the following demand function for the product you sell: Q = 5 - 0.2P At what price will the demand for your product be unitary elastic? (Hint: B
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
Macro-economic policy objectives The major macro-economic policy objectives which the governments strive to achieve are: i. Full employment One of the main objectives
explain the cyert and march theory of firm
What are terms included in oligopoly? Oligopoly includes: • The meaning of oligopoly, and why it arises • Collusion • Game theory, particularly the concept of the pris
Explain baumol''s static model
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2
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