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Problem 1:
a. What is price elasticity of demand and how is it measured?b. Using diagrams explain: (i) A good with price elastic demand (ii) A good with price inelastic demand; and (iii) A good with unit price elastic demand
c. What are the practical implications of this analysis to producers and sellers?
Problem 2:
a. Describe the term ‘opportunity cost' showing the conditions under which it is relevant.
b. Show a diagram to illustrate the concept of opportunity cost.
c. Describe the significance of opportunity cost for a business enterprise.
You must present a complete HAZOP for one part of the process. The HAZOP should be accompanied by a commentary explaining what decisions were made? Why? What changes are required?
a) Discuss this business leader's theory of business leadership, management, and methods for motivating individual and group behavior. b) Talk about how this business leader ha
Question 1: (a) Discuss the importance and implications of "Risks" in conducting International Trade. (b) What are 2 of the most prominent organisations involved in world tr
Part 2 There are two short cases at the end of the Daft. The first is Lisa Benavides, Forest International and the second is Acme and Omega. Choose one of the cases and 1) Using
Electronic marketing (E-marketing) can be viewed as a new modern business practice associated with buying and selling goods, services, information and ideas via the Internet and ot
(a) Cultural diversity have to be preserved and promoted, as the lack of knowledge, appreciation and understanding of other cultures often cause conflict and hate between people. S
Corporations were formerly run solely in the interest of the shareholders. Things have changed; we are now witnessing growing concern for multi stakeholders. (a) Illustrate an
Cycle inventories are held for the reason that purchases are usually made in lots rather than the exact amount which may be needed at a point of time. Of course if all p
Define the departmental, long-term and non-economic managerial decisions. Departmental, Long-term and Non-Economic decisions: In long term decisions, there time period en
describe stages of purchasing according to van weele 2010 ,reck 1988
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