Maths for Business

Topics: Supply and demand, Elasticity, Price elasticity of demand Pages: 4 (806 words) Published: May 17, 2013
Problem Based Learning (PBL) project for MS1381 – Part 1 ________________________________________________________________________ Instructions to Students (a) Please form groups of 2 or 3. (b) There are 2 parts to this project. This is part 1. Part 2 will be released later. (b) The PBL project constitutes 10% of your overall assessment. (c) Analyze and work out the whole problem together as a group. (d) Each group must submit 1 written group report and 1 progress report for part 1 of this project by 23 May 2013 Thursday 5pm. The progress report should contain information on how the team is working together, any communication issues encountered, any uncooperative team members etc. You will be assessed on the presentation of the written report as well as your group’s teamwork. (e) Please remember to list all references at the end of your report. If you had used a book as reference, please indicate title, authors, year of publication and publisher. If you had used a website, please indicate title of the website and its url. ________________________________________________________________________ Student Information Module Code:

MS1381 Name (1) ________________________ (2) ________________________ (3) ________________________ (4) ________________________ Student Number _________________ _________________ _________________ _________________

Team Leader: Members:

------------------------------------------------------------------------------------------------------------Problem Nowadays, more and more women are splurging on designer handbags. From Kate Spade, Balenciaga to LV. One of the popular designer handbag brands is COACH. We have below a short write up on the Coach brand of handbags and purses.

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“Coach, Inc in New York, NY is the most recognized luxury American brand manufacturing women’s handbags and purses. It was established as a family-run workshop in 1941 and incorporated in Maryland (Manta). Besides women's handbags and purses, it also...
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