Assignment Lecturer: Jessica Pereira Name: Minghui Weng Monash ID: 24918814 Q: Can Elsie take action against The Promenade’s management? The issue is whether a customer can take action against the property owner for negligence. If the case satisfies the duty of care owed‚ the breach of standard of care and the damage simultaneously‚ Elsie can sue the Promenade’s management for negligence. As is was explained in Donoghue v Stevenson 1‚ if the Elsie would closely and directly affected by the Promenade’s
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Dogfight over Europe: Ryanair Group D Competitive Strategy Dogfight over Europe: Ryanair (A) This case addresses the airline industry’s context after World War II until late 1980. The case is mainly focused on Ryanair’s entrance to the airline market and its road to expansion. Brief description of airline industry context: Initially‚ the main players was Europe’s national governments‚ as a result of merging small private-owned airlines into national “flag carriers” (service
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their customers want. Pastry Couture understands that its customers want value for money but do not want to compromise on quality. Some of the potential competitors of the company are the following: 1. The French baker 2. Red ribbon 3. Country style 4. Goldilocks bakeshop 5. Cakes R Us 6. Cupcakes by Sonja 7. Megamelt Bakeshop 8. Salazar Bakery 9. Muhlach Ensaymada C. Market Segmentation Market segmentation refers to the process of dividing prospective buyers into groups that have common needs will
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Market Equilibration Process ECO/561 2012 The market equilibration process explains what occurs when consumers and sellers make decisions in an efficient market (McConnell‚ Brue‚ & Flynn‚ 2009). Buyers and sellers own most of the resources in the market and compete to obtain what they want. The efficient markets theory speculates that buyers and sellers are on an even playing field when trading assets and no one has an advantage over the other to make a profit based on analysis and prediction
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Advantages & Disadvantage of Using Cash Advantages Disadvantages Payment is made straightaway Cash has to be counted Ideal for small purchases Has to be locked away for security Convenient Can be Stolen © Business Studies Online: Slide 4 Cheques Cheques A paperbased form of payment Effectively a promise to pay the amount stated Cheques must be presented to a bank in order to obtain the payment It usually takes at least 3 working days for a cheque to “clear” – i.e. payment to be received
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Market Equilibration Process Paper ECO/561 David Mozinski Market Equilibration Process The laws of supply and demand seem to be a simple concept to understand. In the following paragraphs we will look at how one event in society can change the course of a product that seems to be in an equilibrium state‚ along with what happens when a product is in surplus or shortage. On December 14‚ 2012‚ a horrific event happened at Sandy Hooks Elementary School that took several lives. Who would
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Q1. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain. LO1 A1. Opportunity cost is the value of the next best thing forgone‚ this is always present whenever a choice is made. Economics is the social science that examines
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PRESENTATIONS EVALUATIONS Srgjan Hadji-Nikolov I) Evaluation of the presentation on “The political situation in Belgium”‚ presented by: Nick Meysman‚ Aslan Jafarly and Irakli Abesadze; The Content of the presentation was political situation in Belgium‚ including the organization of the state‚ language‚ economy and culture of the regions and communities. Importantly‚ and in my opinion most attractive for the audience‚ was description of the Flemish and French perception towards
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Sample Free Response Questions 1. The framers created a bicameral legislature because of the Great Compromise at the Constitutional Convention which stated that one house’s representation will be based on a state’s population and the other would have equal representation. Another reason is that it would help prevent tyranny because both houses can “check” each other to make sure one does not get to powerful. One power unique to the House of Representatives is that revenue bills must originate from
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The NAFCU site is a very useful site to use when trying to forecast economic trends and data. With this site you are able to research credit union data and trends. This can be very useful because credit unions are one of the largest banking systems in the United States. If you are able to see trends from these banks then you can better forecast the trends in the economy because they are a large part of the economy. Datatrac’s website is useful because it shows you a comparison of retail loans and
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