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Q1. In the early 2000s Procter & Gamble Co. [p&G]launched a huge marketing campaign to promote new Crest toothpaste product,struggling to regain its market share from Colgate-Palmolive Co. The lattersucceeded to achieve a larger share after it introduced its Total AdvancedFresh Toothpaste. This battle has pushedother competitors out of the market.
Describe the strategies that theseoligopolistic companies used to fight the toothpaste war. What were the elements of success or failure?
Q.2. Creating a "real" cost-advantage can bevery challenging. What is a real cost advantage? Why it isimportant in the complex business environment today? And give ONEexample of a firm that tried doing so through innovation and adopting cheapertechnologies that are not readily available to competitors? How did this work for them?
Discuss a change in demand resulted in a change in the market price. Provide an example of how a change in supply resulted in a change in the market price. How does the price mechanism work to keep markets in equilibrium?
Draw in excel an isoquant that shows little substitution between two factor inputs and on that shows large substitution. Vertical represents capital and horizontal represents labor
Which statement about inflation targeting is true?
If the variable is almost normally distributed does that mean you use common distribution.
The national debt of many developed nations is projected to grow to unsustainable levels. Why might national legislatures welcome higher inflation? Does inflation offer a means for a country to finance its increasing debt?
One can think of office services as a commodity produced with the inputs floor space, location, and labor. To have floor space, one can have a low spread-out building or a high building with many stories. Does high-priced land result in tall building..
International trade has pros and cons. Economists generally supports free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favour o..
Review and respond to at least two of your classmates’ posts by sharing any ideas you may have about how households and businesses can protect themselves against inflation. “Government tries to restrain from inflation because it causes an unintended ..
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,900 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. Compute the total cost of lordi..
Suppose that after the wage goes up in the Northern state, workers lose their jobs in the North and decide to move to the Southern state. This increases the population there. Adjust the graph to show what happens to employment and the wage in this So..
Set up an Edgeworth Box to depict this situation and elucidate why the situation is unlikely to be Pareto efficient.
Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, interest rates will most likely stay the same.
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