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a) Opportunity cost refers cost calculated in terms of the next best alternative choice that is predetermined when a decision is made. In this case, the opportunity cost to Peckham Traders Ltd. in selecting to locate in Kazakhstan would be the inevitable opportunities that could be reaped if it located in South Korea (and vice versa).Subtract one mark for each error (but award according to the Own Figure Rule) grant maximum marks only if the candidate shows which of the two options is the best choice, i.e. South Korea.
b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape
Objectives of Materials Handling 1. Reduction in Wastage of Machine time: Proper material handling system would ensure regular supply and distribution of raw material
Define Channel System
QUESTION Motivated people are those who have made a conscious decision to devote considerable effort to achieving something that they value. What they value will differ greatly
Indicate how each of the listed variables(GDP, consumption and interest rates change in each of the following separate events. Briefly explain. a. The recent strengthening of t
explain portfolio analysis in marketing with practical life examples
Problem 1: (a) What is the definition of Business Process Outsourcing according to Gartner Dataquest? (b) BPO deals mainly with non-core processes of an organisation. Descri
What is the delegation of authority? Delegation of authority: Delegation may be described as the entrustment of responsibility and authority to other and the creation of
Question 1 Explain the Risk Management Process Question 2 Write about IRDA. Describe the functions and powers of IRDA Question 3 Write down about the purpose, objective
Explain the principles for capturing the value of global outsourcing. Principles for capturing the value of global outsourcing - opportunities derived by outsourcing - Five
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