1. The process of determining whether an entrepreneur’s idea is a viable foundation for creating a successful business is known as a: 2. Porter’s five forces model assess industry attractiveness by surveying these five factors: 3. The strongest of the five forces in most industries is: 4. The force from the five forces model that considers economies of scale‚ initial capital requirements‚ cost advantages relevant to company size‚ and lack of brand loyalty is the: 5. The primary purpose of the
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2. Explain the significance of the Civil Rights Act of 1964 and the Voting Rights Act of 1965. Exactly five days after the assassination of John F. Kennedy‚ President Johnson took an unsuspected and progressive stance against the deprivation of civil rights. He called for legislative action to address the issue‚ calling for Congress to draft a bill‚ stating “We have talked long enough about equal rights in this country” (Foner 972). A few months later‚ the Civil Rights Act of 1964 was passed‚ which
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Explain how sociological and lay ideas about illness differ from those of biomedicine. Health is a giant wheel subject with several aspects and it is nearly impossible to explain wellness and health without considering the aspects of illness. And just as health is multi-faceted‚ illness‚ too‚ is studied in different perspectives. And that includes sociological‚ lay and biomedical concepts. Sociological Perspectives of Illness: In sociological terms‚ a functioning society is based on the well-being
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Woodring served for the Invasion of Normandy. Interviews done by them show the meaning and significance of D-Day from soldiers’ perspectives. For Jay S. Adams‚ D-Day is a time he confronted with death. Jay talked about TNTs and landmines in his interview. “[Just] seemed like some body grabbed me by the shoulder and stopped me. And when I stopped and I moved my foot aside‚ there’s a mine about and inch and a half from being stepped on…” (Sheets 597). In addition‚ he also experienced sniper shots and
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Discuss the factors causing a shift in the demand and supply of a specific commodity. In economics‚ Demand refers to the quantity of a goods or services that consumers are willing and able to buy at a given price in a given time period. The law of demand stipulates that there is an inverse relationship between the price of a good and the quantity demanded‚ that is to say‚ if the price of‚ say‚ good X rises‚ it will decrease the quantity demanded of good X and the price of the good falls‚ this
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income‚ taste and consumer demand. It begins by reviewing related theories and then will be followed by a series of empirical evidences to support the theory explained before. Finally‚ the essay will briefly summarize what have been discussed. Price and consumer demand “Price” in the question can be viewed by 2 ways. First‚ it means the price of good itself. According to Perloff (2009‚ p12)‚ the price of good itself has negative relationship with consumer demand. It can be clearly seen through
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Please identify the meaning and significance of the following terms: Provisional government: A provisional government is a government that is put in place temporarily. After the czar abdicated‚ a provisional government was put in place. This new government was comprised of middle-class Duma representatives (the Duma was the legislature that czar Nicholas put in place). This provisional government called for an election later in the year to determine a constituent assembly. This constituent assembly
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Meanings and Definition of Demand: The word ’demand’ is so common and familiar with every one of us that it seems superfluous to define it. The need for precise definition arises simply because it is sometimes confused with other words such as desire‚ wish‚ want‚ etc. Demand in economics means a desire to possess a good supported by willingness and ability to pay for it. If your have a desire to buy a certain commodity‚ say a car‚ but you do not have the adequate means to pay for it‚ it will
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ME Assignments‚ TERM-1 ➢ LAST DATE OF SUBMISSION- 20.09.12 Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P‚find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ‚the income of the consumer falls. Assuming computers to be normal good‚ what will be the equilibrium price & quantity
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DETERMINANTS OF DEMAND SUBMITTED TO: Miss. Surti Dahuja SUBMITTED BY : SHUMYLA KHAN‚ KINNI KANSANA‚ SAGAR VYAS‚ Shibu lijack DEMAND “Demand for a commodity refers to the quantity of the commodity which an individual consumer or a household is willing to purchase per unit of time at a particular price”. Demand for a commodity implies – a) Desire of the consumer to buy the product‚ b) His willingness to buy the product‚ and c) Sufficient purchasing power in his pocket to buy the product There are certain
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