Search & Filtering
Choose a business sector of your choice and design a unique product or service clearly outlining its features or attributes, how it works and how different it is from the existing products or services in the chosen sector.
Q-4. Consider the markets for film streaming services, TV screens, and tickets at movie theaters.
a. For each pair, identify whether they are complements or substitutes:
• Film streaming and TV screens
• Film streaming and movie tickets
• TV screens and movie tickets
b. Suppose a technological advance reduces the cost of manufacturing TV screens. Draw a diagram to show what happens in the market for TV screens.
c. Draw two more diagrams to show how the change in the market for TV screens affects the markets for film streaming and movie tickets.
Now that you have finished ranking your competitors and have looked at the macroenvironment and the impact that these have had on Pretty & Clean, you need to think of a strategy that will allow the company to compete and run efficiently.
There are four levels and types of strategies. Based on the factors in the business environment and your competitors, select a strategy that is most applicable and discuss four ways in which this strategy will allow you to approach the business environment factors and competition effectively. Consider how the generic strategies can be translated into a retail perspective.
Q-5. Over the past 40 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters?
Q-6. Using supply-and-demand diagrams, show the effect of the following events on the market for sweatshirts.
a. A hurricane in South Carolina damages the cotton crop.
b. The price of leather jackets falls.
c. All colleges require morning exercise in appropriate attire.
d. New knitting machines are invented.
Q-7. The market for pizza has the following demand and supply schedules:
Price Quantity Demanded Quantity Supplied
4 135 26
5 104 53
6 81 81
7 68 98
8 53 110
9 39 121
a. Graph the demand and supply curves. What are the equilibrium price and quantity in this market?
b. If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium?
c. If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium?
Discuss whether it is possible that any devices if the production cost is R0,00
What level of α would you choose for the following types of market research studies? Give reasons for your answers.
1. An initial study on preferences for mobile phone colors.
2. The production quality of Rolex watches.
3. A repeat study on differences in preference for either Coca-Cola or Pepsi.
Write hypotheses, including the null hypothesis and alternative hypothesis for each of the market research studies.
What level of α would you choose for the following types of market research studies? (6 marks) Give reasons for your answers. 1. An initial study on preferences for mobile phone colours. 2. The production quality of Rolex watches. 3. A repeat study on differences in preference for either Coca Cola or Pepsi.
What is the theoretical yield in g of Ag2S produced from the reaction?
2Ag (S) + s (S) -- Ag2s (S)
#339914 on Dec 2023