multiple choice Flashcards
Statement 1: ‘Debt factoring is usually a short-term source of finance.’
Statement 2: ‘Bank overdrafts are usually a long-term source of finance
b = statement 1 is true, statement 2 is false
Penetration pricing is setting a price that is
A associated with products with high income elasticity of demand.
B intended to maximise the profit margin on each product.
C often used when demand is price elastic.
D often used in markets with high seller power.
c= often used when demand is price elastic
A business replaces some of its workforce with machinery. This leads to a 10%
increase in capacity and output and a 5% increase in unit costs. This is an example
of
A more capital intensive production and economies of scale.
B more capital intensive production and diseconomies of scale.
C more labour intensive production and economies of scale.
D more labour intensive production and diseconomies of scale.
b more capital intensive production and diseconomies of scale
A good has a negative income elasticity of demand and a negative price elasticity of
demand
- which ones are true or false.
both false
high labour retention
both are true
According to Handy, this is a change in culture from
power to role
strategic drift
d. maintains strategy
according Ansoff
both false
decreasing gov subside
a. fiscial policy which encourages more open trade.
bowman
low price low added value
which day?
b day 4
based on network shown in figure 2, total float for activity d is ?
7 days
if activity d is delayed by 6 days the duration of the critical path
increases by 5 days
Taylor
salary
market leader of particular industry
experiences a diseconomies of scale
