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Foundations in Business and Commerce
1. What is logistics networking?
2. Write a short note on ethics in retailing.
3. What is the concept of insurance?
4. Describe the recent developments in e-communication.
5. Write a short note on future prospects of BPOs and KPOs.
6. How can E-commerce become a challenge for management?
Problem 1: (a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private sector
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality
How is effort monitored onto a project? It is significant that the effort to be spent onto activities is reassessed on a regular basis – why is it so very important? Effort is
How do economists differ from accountants in the use of the term profit ? Definition of rev and accounting costs Explanation/outline of opportunity costs, for example
What is absolute poverty and relative poverty? Absolute poverty: It is an income level below that essential to meet fundamental requirements. The UN measure of absolute
GDp of World?
What are the limitations of comparative advantage? Limitations of comparative advantage: International trade needs wide specialisation. This can have drawbacks as given b
A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit
Evaluation of perfect competition arguing the effect on stakeholders, priorities and SR/LR
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