Search & Filtering
If Gouda cheese and cheddar cheese are substitutes, then which of the following would increase the demand for cheddar cheese?
- Market structures are referred as the competitive environment in which the buyers and sellers of the product operate. A market consists of all the actual and potential buyers and sellers of a particular product. Discuss thoroughly oligopolistic and perfect competitive market structure and give examples of each form of the market structure.
- Differentiate between product market and labour market (Use diagrams that explain the interactions in the markets).
a) Assume a reputable firm which is tempted to temporarily deceive its customers by dropping the quality of its product in the present period but retain a high price, so that it derives a temporary high profit equal to B. Further assume that there is a P probability that after its customers realise that they have been cheated they never trust the firm again, so that the profits of the firm fall by X in perpetuity. Identify the relationship between B and X which will lead the firm to never deceive its customers.
Consider the following economy and use the Keynasian model to answer the succeeding questions.
C = 350 mil + 0.85Yd
I = 175 mil
G = 300 mil
X = 170 mil
Z = 120 mil
T = 0,15Y
Yf = R3100 million
Equilibrium Income: Y = C + I + G + (X - Z)
Disposable Income: Yd = (1 - t)Y
Question 1. Calculate the Mutiplier.
Consider the following economy and use the Keynasian model to answer the succeeding questions.
C = 350 mil + 0.85Yd
I = 175 mil
G = 300 mil
X = 170 mil
Z = 120 mil
T = 0,15Y
Yf = R3100 million
Equilibrium Income: Y = C + I + G + (X - Z)
Disposable Income: Yd = (1 - t)Y
Question 1. What is the value of the marginal propensity to consume in this model?
How much does the government collect in taxes when Economy is in equilibrium
Two major causes of declining business confidence
SABMiller is making a conscious effort to appeal to more health conscious drinkers. Their approach to marketing therefore places emphasis on what the consumer needs. This refers to the principle of ________________ of the marketing concept.
Select one:
a.
profitability
b.
consumer orientation
c.
social responsibility
d.
organisational integration
Define both measurements used in assessing price stability
The consumer will go through three phases of brand loyalty. If a consumer insists on having a MacDonald’s Big Mac burger instead of a Wimpy cheese burger, during which phase of brand loyalty is the consumer going?
Select one:
a.
Brand recognition
b.
Brand preference
c.
Brand insistence
d.
Brand refusal
