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Define the term “Elasticity of demand.” Discuss different types of elasticity of demand. Also, explain why this concept should be of interest to anyone in business who has a choice to determine the price at which to sell their products. The Elasticity of Demand: Understanding Price Sensitivity in Business Introduction: Elasticity of demand is a …
E-Commerce has gained boom more after the digital payment initiative was emphasized for usage in recent years. Most of the retailers are using these platforms to sell their products. Discuss how the retailers are getting benefitted by choosing these e- commerce platforms. Which type of sellers are being benefitted most by choosing the e- commerce …
Q.1) Ghanshyam Das and Sons Jewellers has now its several branches across different cities in India. The Jewellers started from very small shop in Delhi and expanded their business in several years across India. Initially when they started, they have appointed different personnels to keep a track of jewelries sold, orders given and inventory required. …
2021BUSINESS ADMINISTRATION — HONOURS Paper : A305 (SE-1) IT Solved question paper 2021 has been uploaded for Calcutta University students.
Case Study : Street Smart Street Smart was Information Technology firm founded in Mysore. The founders were two businessmen who had made a killing in the Bangalore Real Estate Business. The firm appeared to be doing well. It had campuses in most of the IT towns in India – Mysore, Bengaluru, Chennai, Hyderabad, Pune etc The …
Q1. Draw the decision tree diagram and explain the best possible decision based on EMVs (Expected Monetary Values) On the 1st April 2023, Rajinder Saproo, an investor is in a dilemma for the investment of 10 lakh INR. He has consulted his Mumbai based friend, MukulBhai Gadhecha, an investment expert for this matter. Mr Saproo …
The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …
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Meaning of Business Ethics Business ethics refers to the moral principles and values that guide the behavior and decision-making processes within the business world. It is a branch of applied ethics that deals with the ethical dilemmas and concerns that arise in the context of business activities. Here’s a more detailed explanation of the meaning …
INTRODUCTIONThere are two methods available to find an optimal solution to a Linear Programming Problem. One is a graphical method and the other is a simplex method. The graphical method can be used only for a two-variable problem i.e. a problem that involves two decision variables. The two axes of the graph (X & Y …
