Other Economics Answers

Christopher owns a large bicycle store and is planning his first business trip to Italy to source new suppliers. As it is his first trip abroad, he decides to make use of the travel agency that owns the space next to his store. The travel agency books his flight on Emirates airline and also books his hotel for him. The travel agency is a ________, which is part of Emirates’ _________ environment.

Select one:

a.

supplier; international

b.

agent; market

c.

retailer; market

d.

intermediary; market

Kulula decides to conduct environment scanning by updating relevant secondary or published information which they obtain from the organisation’s own database. Which form of elementary scanning is being applied?

Select one:

a.

Scanning in the most elementary form

b.

Scanning at the most advanced level

c.

Scanning at an external level

d.

Scanning at intermediate level

The facilities, labour, raw materials and processing requirements would be included in the ___________ of the business plan.

Select one:

a.

general company description

b.

management plan

c.

operating plan

d.

marketing plan

If a 5 per cent fall in the price of bananas results in a 2 per cent increase in the quantity of bananas demanded, then the price elasticity of the demand for bananas is relatively low.

A. True

B. False

what is the most typical used measure of a country's level of development

The individual's demand curve for a commodity represents a maximum boundary of the individual's intentions True or False, explain

Fiscal policy is action taken by ______________ to stabilize the economy.

The individual’s demand curve for a commodity represents a maximum boundary of the individual’s intentions True or false. Explain