Introductory Microeconomics 2008 Exam Solutions Section A 1. C |Hours of tutoring per week|Total Opportunity cost |Marginal Cost |Wage Payment (Marginal | | | | |Benefit) | |0 |0 | | | |1 |$20 |$20 |$50
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Cost-based pricing is the simplest pricing strategy. Using this strategy price is set by adding some mark-up to the cost of the product. This strategy works if firm’s prices are not too high as compared to the competition. (Kotler P. ‚ Armstrong‚ Saunders‚ & Wong‚ 2005) Another cost-oriented pricing strategy is Break-even Pricing. Firms determine the price at which they can recover manufacturing and marketing cost‚ or make targeted profit. (Nagle & Hogan‚ 2006) Competition-based Pricing is when
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01DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST CHAPTER !: THINKING LIKE AN ECONOMIST Scarcity principal: due to limited resources to satisfy unlimited wants‚ trade offs occur in terms of having more of one good and less of another Economic decision: any decision when securing something of value means going without something
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Integrated Technical Assessment Bachelor of Professional Studies – Technology Management TECH 490 Table of Contents A. Professional Resume………………………………………………………………..5 B. Outcomes Outcome 1……………………………………………………………………….....7 Outcome 2……………………………………………………………………….....10 Outcome 3……………………………………………………………………….....13 Outcome 4……………………………………………………………………….....16 Outcome 5……………………………………………………………………….....19 Outcome 6……………………………………………………………………….....22 Outcome
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Micro environmental factors are internal factors close to a business that have a direct impact on its strategy. These factors include: Customers Organisations survive on the basis of meeting “customer needs and wants” and providing benefits for their customers. Failure to do so will result in a failed business strategy. Employees Employing the correct staff and keeping staff motivated is an essential part of an organisation’s strategic planning process. Training and development play
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CASE 1: FLASH AIRLINE FLIGHT 604 CASE 1. The French plaintiffs sued the Egyptian carrier Flash Airlines in France. Have a look at the Warsaw Convention of 1929 (research the text on the internet). Identify the liability rules for damage sustained in the event of the death and‚ separately‚ the clause that would justify French jurisdiction over the case. 2. Some French plaintiffs also tried to sue the US manufacturer and its US contractors. Is the Warsaw Convention applicable in this respect? How
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GAWAD KALINGA A Research Paper Presented to Professor Alex Lazo Department of Social Sciences and Humanities San Beda College In Partial Fulfillment Of the Requirements in SOCAN Sociology and Anthropology in the Philippine Business Environment Presented by: CALING‚ Michael Allan M. _______ ------ ------- _____ March 2‚ 2011 GAWAD KALINGA Gawad Kalinga (GK)‚ which means to "give care" in Filipino‚ is officially known as the Gawad Kalinga Community Development Foundation
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Design and Produce Documents in a Business Environment. There are many different types of documents that can be produced in a business environment. Business cards: These are used to give the customer information on how to contact the company. Fax Document: Another type of document used in business is a Fax document; these are very useful in business and are the fastest ways to transmit documents. These are in paper format‚ either in colour or black and white. Agenda: Agendas tell you what is going
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Communicate in a business environment Outcome 1 – Understand the purpose of planning communication 1.1 Explain the benefits of knowing the purpose of communication The purpose of communication is for humans and animals to be able to understand each other in different ways and different reasons. It can vary‚ it’s not just verbal. We achieve this by developing our skills since childhood. In this way we can use communication to help us express ourselves‚ meet our needs and learn or explain something
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[TYPE THE COMPANY NAME] The affects of social network on the modern business environment Business By Masoud Sadeghizadeh Spring quarter 2010 Final paper by Doctor Paul Contents Abstract P 3 Introduction P 3 Definition of social networks
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