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Vellus Case Study
1. Why does Vellus export through local distributors rather than set up its own sales force in country? What are the risks associated with using local distributors? How can these risks be reduced?
2. Vellus’s original entry into exporting was both reactive and serendipitous. Do you think this is the exception or the rule for small businesses? What might be done to make small firms more proactive with regard to exporting?
3. What lessons about successful exporting can be derived from the Vellus case?
4. How important has government assistance been to Vellus Products? Do you think helping firms such as Vellus represents good use of taxpayer money?
Analyse the impact of an increase in the price of crops and a (proportionately smaller) decrease in the price of fuel on a low income person who spends most of her income on food (derived from crops).
Examine the International Monetary Fund
Demand for a good is given by Qd=500-30P1+20P2+5Y and P1=2, P2=2 and Y=100. Calculate the quantity demanded. Is this a normal good? is good 2 a substitute or complement? Now P1 changes to 3, P2 and Y unchanged.
Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general human capital? Does this imply that people who possess large amounts of specific human capital will never migrate? ..
1. which of the following appears as a positive item on the balance of payments account for the united states?u.s.
Discuss why both demand and supply analysis and marginal analysis should be used in making rational business decisions. Please include specific examples in your discussion posts.
Discuss are a good thing since they transfer resources from lower rated to higher rated activities thereby helping to maximize society's happiness?
demand and supply curves for cigarettes are given byqd frac128p12 and qs 4p2where p is the price of cigarettes in
Application: Efforts at Containing Costs in Health Care
For the country you have been following this semester, analyze the impact of financial development in its economy. Obtain quarterly (preferably, if not annual) information with at least 35 data points for the following variables:
Total Revenue and profits are maximized at the same level of output if:
A fashion firm manufactures outfits using two inputs, design skills (L) and expensive materials (M). The cost of fabrication is small and might be ignored as a first approximation.
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