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Question:
(a) Describe the meaning of Business Process Outsourcing (BPO).
(b) BPO deals mainly with non-core processes of an organization. Describe four of such type of processes.
(c) List and briefly explain three drivers and three inhibitors (risks) for BPO.
QUESTION (a) "There is always an inverse relationship between price and quantity demanded of a good." Discuss. (b) Explain with appropriate diagram(s) the different factors
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What is Monopoly and how does it affect the economic postively and negatively?
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Consider a market for a good where there is a per unit tax set at t cents per unit sold, where the demand curve slopes downward and where supply is perfectly inelastic. Suppose the
Explain about the term Traditional Economy. Traditional economy: It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. A
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
Explain, using the example of museum visits, own price, cross-price and income elasticity of demand; consider own price elasticity for various demographic groups. Use diagrams wher
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