(i) What is meant by ’cross-price elasticity of demand’? It is a measure of the responsiveness of demand for a good to a change in the price of another good. This good can either be a substitute good or complementary good. (ii) Comment on the cross-price elasticity of demand between platinum and gold. When the price of platinum rises demand for gold rises. Because gold can be a substitute for platinum people will want to buy gold more when the price of platinum increases. (b)
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Strategy is defined as a marketing plan designed to achieve marketing objectives. A Marketing Strategy combines all its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. The marketing strategy is the foundation of a marketing plan (http://www.businessdictionary.com/definition/marketing-strategy.html). According to Forbes Magazine‚ there
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The consumer price index or CPI is a more direct measure than per capita GDP of the standard of living in a country. It is based on the overall cost of a fixed basket of goods and services bought by a typical consumer‚ relative to price of the same basket in some base year. By including a broad range of thousands of goods and services with the fixed basket‚ the CPI can obtain an accurate estimate of the cost of living. It is important to remember that the CPI is not a dollar value like GDP‚ but instead
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Product Initiation Document Draft: Online Backup Version1DOCUMENT FOR MWEB DEVELOPMENT REQUIREMENTS This document format will be used to detail simple‚ ad-hoc and detailed requests from MWEB to development to give a high level synopsis of the required development where the compilation of a BRS document is either non-essential or not feasible because of the delivery time or the nature of the request. DOCUMENT FOR MWEB DEVELOPMENT REQUIREMENTS This document format will be used to detail
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“REPORT ON DO SOARING PRICE AND MOUNTING DEMAND IN INDIAN GOLD MARKET SPEAK OF A PARADOX? “ A STUDY ON “MISMATCH BETWEEN DEMANDS FOR AND SUPPLY OF GOLD’’ CASE STUDY SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTERS OF BUSINESS MANAGEMENT COURSE OF ALLIANCE UNIVERSITY ALLIANCE BUSINESS SCHOOL INDEX Page no. Content 1 Cover page 2 Index 3 Problem statement and Executive Summary 4 Issue analysis 5 Statistical
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Proteus vulgaris Antibiotic Sensitivity Assay By: David Toelkes BIO 225 June 12‚ 2012 Lab Partners Alexis Blackmon Cheryl Cardiff Megan Dereani Logan Freeman Abstract Development of bacterial resistance to the antimicrobial drugs identified the need to determine a given bacterium’s susceptibility or resistance to a given drug which prompted W. M. M. Kirby and A. W. Bauer to develop a single disk method for susceptibility testing. This experiment used the Kirby-Bauer disk diffusion
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Problem Solution Essay-3rd draft Increase of Vegetables Prices * The Central Agency for Public Mobilization and Statistics (CAPMAS) stated that inflation has risen to 11.7%‚ an increase of 0.2 % this year over last” (Abdel Moniem‚ 2010). Prices of tomatoes‚ green beans‚ cucumber & green pepper’s prices have increased to be 15LE‚ 16LE‚ 6LE‚ and 8LE per kilo respectively. Affording basics necessities has become difficult for the middle & lower class families in view of such high inflation
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facing a price war‚ you ’ll need to understand how it started in order to respond effectively. Often the best counterattack does not. involve a retaliatory price How ^ 1 War 1^ f Scott Davis by Akshay R. Rao‚ Mark E. Bergen‚ and I HARVARD BUSINESS REVIEW March-April 2000 N THE BATTLE TO CAPTURE THE CUSTOMER‚ companies use a wide range of tactics to ward off competitors. Increasingly‚ price is the weapon of choice - and frequently the skirmishing degenerates into a price war. Creating
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CPI is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is a price index that tracks the prices of a specified basket of consumer goods and services‚ providing a measure of inflation. \CPI is a fixed quantity price index and considered by some a cost of living index. Under CPI‚ an index is scaled so that it is equal to 100 at a chosen point in time‚ so that all other values of the index are a percentage relative
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------------------------------------------------- Product management From Wikipedia‚ the free encyclopedia Marketing | Key concepts | Product • Pricing Distribution • Service • Retail Brand management Account-based marketing Marketing ethics Marketing effectiveness Market research Market segmentation Marketing strategy Marketing management Market dominance | Promotional content | Advertising • Branding • Underwriting Direct marketing • Personal Sales Product placement • Publicity Sales promotion • Sex
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