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Problem 1:
a. What is price elasticity of demand and how is it measured?b. Using diagrams explain: (i) A good with price elastic demand (ii) A good with price inelastic demand; and (iii) A good with unit price elastic demand
c. What are the practical implications of this analysis to producers and sellers?
Problem 2:
a. Describe the term ‘opportunity cost' showing the conditions under which it is relevant.
b. Show a diagram to illustrate the concept of opportunity cost.
c. Describe the significance of opportunity cost for a business enterprise.
The activities of this last phase are: 1. Develop a migration strategy, 2. Create a migration action plan, 3. Develop metric for measuring performance during implement
QUESTION The term ‘globalisation' means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, financ
QUESTION (a) (i) Describe how the internet works and identify any five of its major services. (ii) Estimate the benefits the Internet offers. (b) List four devices pr
QUESTION 1 Discuss the differences between monologic communication and dialogic communication. Use a concrete example to illustrate your answer, highlighting the advantages and
QUESTION Growth and development can be influenced by two sets of factors- The first set of factors cannot be easily modified. They are what we call inherited characteristics
Question: In this period of shortage of talent, (a) The selection exercise is becoming more and more demanding. Explain with details as to how you would proceed to select a
1. Ensure Timely Availability of Materials: Inventory control helps is preventing delays due to lack of materials by ensuring regular supply of proper qualities of mater
A process has 3 basic components - identify each and discuss the role of each in the process cycle - To start with, SDLC (The Systems Development Life Cycle) could be simply s
Ethical behaviour is a necessity to build trust and if a company is able to maintain this trust-relationship with the internal and external stakeholders, then we can call that comp
whether bureaucratic approach will be appropriate for the organizational performance or not?
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