PART- I PAPER- I: MICROECONOMICS I Full Marks 50 1. INTRODUCTION: Nature and scope, scarcity and choice, concepts of demand and supply, impact of changes in demand and supply, price system as an economic mechanism. 2. CONSUMER BEHAVIOUR: Assumptions on preference ordering, indifference curve, budget constraint and consumer’s equilibrium, substitution effect (Hicks & Slutsky) and income effect, ordinary and compensated demand curves, inferior goods and Giffen
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Dearborn Michigan it was founded by Henry Ford in 1903. He is not only responsible for the creation of this international brand and business but also one of the most revolutionary manufacturing techniques known today as ‘Fordism’, a notion of modern economic and social system based on an industrialised and standardized form of mass production. In 1903 cars were expensive and thus rare mainly due to a highly inefficient and complex manufacturing process. Henry Ford’s invention of the work chain which
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campaign. Once a decision is made, the marketing strategy is determined by the political, economic, and cultural environment. The political environment will have a significant impact on a company’s international marketing activities (The Political Environment, 2012). So, the political climate in other countries must be monitored in order to ensure successful marketing internationally. The economic environment is part of the macroenvironment encompassing wealth, income, productivity, inflation, credit
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Memorandum Macro- and Micro- Economic Factors and Legal Considerations That may influence ABC Complete Kitchen Inc., SKS5000-8 Comprehension Strategic Knowledge Studies Mohamed Benhalla October 26th, 2014 Professor Karl LIyod Memorandum To: ABC Completes Kitchen, Inc. From: Mohamed Benhalla Date: October 26th, 2014 Subject: Micro- and micro- economic factors and legal considerations Firms operate their business in climate of dynamic business environment and ongoing process
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Unit Title: The Business Environment Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18 Learning Outcome 1 The learner will: Understand the significance of the environment on business activity. Assessment Criteria The learner can: Indicative Content 1.1 Explain the features of business activity. 1.1.1 Explain the business organisation as a transformation process. 1.1.2 Describe the different ways in which a business may structure its activities. 1.2 Discuss the complex
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high profit and revenue. 1. Since Nordstorm’s (p. 402) competes in the U.S., give an example of each of the marketing environment forces (Political, Legal, and Regulatory; Technological; Social; and Competitive and Economic Forces. Ans. Nordstorm working as departmental store in the retail industry would be effected by all the forces in the marketing environment. Political environment in U.S is very conducive for the growth of any industry because U.S provides a very stable government, which has a
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BUSINESS ENVIRONMENT Submitted By: Submitted To: Table of Contents Introduction 3 2. LO1 Understand the organisational purposes of businesses 4 2.1 purposes of different types of organisation (P1.1) 4 2.2 Extent to which Tesco Plc meets the objectives of different stakeholders (P 1.2) 5 2.3 Various responsibilities of Tesco Plc as an organisation and the strategies it employs to meet the objectives of the stakeholders (P1.3) 6 3. Nature of the national environment in which business
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history and a visionary, though grounded, attitude toward the future. They not only mirror the attitudes of society, but contribute to its direction. The study of architecture involves an exploration of diverse disciplines that influence the built environment. Architectural education is, by necessity, the most comprehensive course of university studies. It not only prepares students for a future in the profession of architecture but provides an extraordinary foundation for a multitude of interdisciplinary
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period of great strategic opportunity which should be pursued vigourously. From an international perspective, peace and development remain the central themes of our era, and China is working to achieve this peaceful environment for development. From a domestic perspective, 25 years of economic reform and opening up have laid a solid basis for development, and China has achieved favourable conditions to accelerate development. However, opportunities are always accompanied by challenges. A key challenge
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|Qualification |Unit number and title | |BTEC SUBSIDIARY DIPLOMA IN BUSINESS STUDIES |UNIT 1: BUSINESS ENVIRONMENT | |Learner name | Assessor name | |
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