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Assume a city of 1 million people, 75% of who are willing to pay $1 maximum (each) to clean up pollution. The rest of the population is willing to pay $100 each to clean up pollution. Clean-up costs $3 million. It has been proposed that each person be taxed equally to pay for the pollution clean-up.
a) Will such regulation pass a majority rule?
b) Is it desirable from the point of view of the Pareto criterion?
c) Is it a good idea using the compensation principle?
d) Which social choice mechanism do you think is best on intuitive grounds and why?
Question 1: Explain the concept of core competencies and its main characteristics. Describe the different ways by which core competencies can be developed in an organization.
how might the principles of hyper competitive strategy b apllied to a fashion retailing industry
a. Core competencies are the collective __________ in the organization
QUESTION Strategic decisions are the essence of strategic management. According to Pears & Robinson, typically, strategic issues have certain dimensions. Write short notes on e
Excel is often used to perform "what-if" analyses. In these, a model that depends on a number of variables is constructed, and the outcomes predicted by the model are determined fo
QUESTION (a) What is strategy implementation, and what problems may arise in implementing a strategic change? (b) Who implements strategy in the organisation and how can the
VRC is a family owned business which has been manufacturing racing cycles for over a century. Over the years, the company has been relatively successful, although its growth has te
What are the problems in assessing the potential for synergy from a merger
Q. Evaluate Total shareholder return? Total shareholder return (TSR) TSR = {(Dividend per share + Growth in share price) / (Market share price at the start of the period)
Comparison of Conventional and JIT Wisdom JIT philosophy Ideal lot size is 1 Balanced production is best Inventory is wasteful Eliminate waste Handle only so
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