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what are the formulas for rate of change and level of change?
Suppose that South Africa is a gold exporter ,an increase in the supply of dollars in the south African foreign exchange market can be caused by
If SAB were to introduce a rewards programme whereby employees who performed very well every month are given recognition and financial incentives, the company would be satisfying the __________________ needs of their employees.
a. self-actualisation
b. security
c. esteem
d. physiological
When SABMiller first started in 1895 as Castle Breweries, they would have needed to consider what the future might offer, how this impacts on the business, and what needs to be done now to prepare for it. Which management skill does this refer to?
Select one:
a. Project management
b. Planning skills
c. Strategy skills
d. Marketing skills
Herman Heunis launched MXit in January 2005 as a subscription service. In which step of the entrepreneurial process would he have needed to assess whether the opportunity can be turned into a successful venture?
Select one:
a. When Herman compiled his business plan.
b. When Herman conducted a feasibility study.
c. When Herman launched and managed the new business.
d. When Herman assessed whether he had the resources or access to resources.
In order for MXit to be successful, Herman Heunis needed to have the ability to consider the business as a whole and to understand how it fits within its marketplace. Which skill is referred to here?
Select one:
a. Strategy skills
b. Planning skills
c. Marketing skills
d. Project management skills
By its nature, brewing beer is a water-intensive process. Making more beer, but using less water, is one of SABMiller’s three global focus areas. The transformation of water and other ingredients, by SAB, into beer and other alcoholic beverages is known as ______ .
a. exchange
b. consumerism
c. economic principle
d. production
Describe a scenario in which you thought you were making a good decision but there was still a negative outcome.
Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities
Combinations. X. Y.
A. 25. 3
B. 20. 5
C. 16. 10
D. 13. 18
E. 11. 28
Calculate marginal rate of substitution and explain the answer ?
I want answer formula explanation conclusion
PROBLEM SET 2- PART 1
Question 1 - Elasticity
You are an analyst employed by a yacht manufacturer that last year sold 30,000 luxury yachts at $500,000 each. Your market research indicates that:
i) the price elasticity of demand for your aircrafts in −0.5. (or +0.5 in absolute value);
ii) the income elasticity of demand for your aircrafts is +2.6; and
iii) the cross price elasticity for your aircrafts with respect to the price of a comparable jet manufactured by a competitor is +1.4.
C. Now suppose that the only change you expect is a 6% increase in the price of your aircraft. Estimate sales this year and discuss the impact on total revenues (5 MARKS)
