1. Which of the following would most likely cause equilibrium quantity and price of x to rise? (a) a fall in income when the income elasticity of demand for x is positive Wrong. This will cause a drop in demand and thus a fall in quantity. (b) a fall in the price of complementary product y Correct. A fall in a complementary product will cause a rise in demand for that product “y” and thus a rise in demand of product “x” (see graph). (c) a fall in the price of substitute product Z Wrong
Premium Supply and demand Economics Price point
never a good sale for Neiman Marcus unless it is a good buy for the customer. —Herbert Marcus This simple philosophy expressed by Neiman Marcus co-founder Herbert Marcus became the foundation of a highly successful customer-focused strategy with which Neiman Marcus became the second largest and the most profitable specialty retail chain in the country. The “Client” in 2006 She’s rich—the minimum income of the target customer household is $200‚000; she’s fashionable—she knows fashion‚ lives
Premium Neiman Marcus
other nations conflicts‚ particularly European wars. Containment doctrine- a foreign policy strategy advocated by George Kennan that called for the U.S to isolate the Soviet Union‚ “contain” its advances‚ and resists its encroachments by peaceful means if possible but by force if necessary. Arms race- a tense relationship beginning in the 1950’s between the soviet union & the U.S whereby one side’s weaponry became the other side’s goad to procure more weaponry‚
Premium Cold War World War II United States
The doctrine of the mean states that for someone to be a good person they must occupy the “golden mean‚” meaning a person may become virtuous by acting between the extremes of excess and deficiency. For example during war‚ the two extremes would be for a soldier to be rash or cowardly‚ but being courageous is the accepted golden mean. According to Aristotle‚ virtue lies in between the two extremes‚ which are the vices‚ and thus a virtuous person is one who can find the mean that is relative to
Premium Virtue
------------------------------------------------- Chapter 5—Job Order Costing MULTIPLE CHOICE 1. Which of the following organizations would be most likely to use a job-order costing system? a. | the loan department of a bank | b. | the check clearing department of a bank | c. | a manufacturer of processed cheese food | d. | a manufacturer of video cassette tapes | ANS: A PTS: 1 DIF: Moderate OBJ: 5-1 NAT: AACSB: Reflective Thinking LOC: AICPA Functional
Premium Management Prime number Economics
Analysis Report Scoring Guide. MBA6024 Course Alignment Map. Writing Feedback Tool. Industry and Company Information. Evaluating Source Quality. Activity Context This assessment measures your progress in acquiring the skills to master the following course competencies: Analyze organizations and competitive environments using theories and models of strategy. Critically evaluate information from core business functions to enhance organizational knowledge. Create a comprehensive strategic plan
Premium Strategic planning Strategic management Management
81159077 Ms Alyssa - | Section 1. Project Relevance and Need | a) IntroductionThis project aims to amalgate the elderly into our society with more ease. It will help us to curb many problems faced by the elderly emotionally which in turn relates to their physical well-being. This project would encourage and seek out individuals who have the time and financial capabilities to come forward and contribute this two factors and help make Singapore a elderly-concern country.The project
Premium Aging Gerontology Ageing
make friends‚ and “up” their popularity status‚ they are nice to others. In high school‚ it seems that girls do this the opposite way‚ and are mean to one another in order to bond with friends and become more popular. This paper will discuss reasons why adolescent girls tend to put down others‚ rather than be nice and respectful. It seems that the number of mean girls are increasing every year‚ and high school seems to be a connection. Schools all around the country are dealing with the issue that
Premium Aggression Relational aggression Social rejection
What does death mean to you? Death is the end of our time on earth. I feel that our souls go up to heaven and that we can still influence those on earth. They can still pray to us and we can help them. What is your biggest fear? My biggest fear would be de-ration of health. So meaning that that my health getting really bad. It’s not so much dying‚ but living in lots of pain and being limited in what I can do. How do you deal with your fear? Because I have health issues I deal with it every day
Premium 2007 singles English-language films Form of the Good
CONVERTATION Chapter 1: Describe your village or neighborhood. What are the advantages and disadvantages of living in the country? * Good morning‚ James and longtime no see you! * Hi‚ Jack! How are you? * I am fine. I have a big choose. I will buy a new house in this month. * Wow! That is awesome! Congratulation! * Thanks! Now I have a problem. I want to live in the countryside but I do not know what it looks like in Vietnam. Can you describe it? * Of course! My hometown
Premium Pollution Indonesia Air pollution