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Which of the following are microeconomic factors? Select THREE that apply.
Which of the following are microeconomic factors? Select THREE that apply.A . Rates of taxationB . Availability of investorsC . Unemployment levelsD . Distribution channelsE . Rates of inflationF . Levels of competitionView AnswerAnswer: B, D, F Explanation: Microeconomic factors refer to elements that affect individual businesses or sectors rather...
Economic growth can be measured by...?
Economic growth can be measured by...?A . The PPIB . GDPC . The CPID . SBLIView AnswerAnswer: B Explanation: Gross Domestic Product (GDP) is the monetary value of the goods and services manufactured or supplied in a financial period. In general terms, when the GDP rate falls or slows down,...
Maria has adopted an adversarial style relationship with her stationery supplier. This relationship style can be characterised by which of the following? Select the TWO that apply.
Maria has adopted an adversarial style relationship with her stationery supplier. This relationship style can be characterised by which of the following? Select the TWO that apply.A . Minimal sharing of informationB . Requirement to exceed expectationsC . Degree of mutual commitmentD . Use of power to seek the best...
Should John consider the foreign exchange rates?
John Browne, a junior buyer for a corporation, is analyzing the global supply market before undertaking negotiations and is wondering whether foreign exchange rates are important to factor into his research. Should John consider the foreign exchange rates?A . No, as they only affect the bank's interest rates for loansB...
What type of question is Lina asking?
Lina Rawlins is a senior buyer working for a medical equipment company. Lina is in charge of the company’s largest supplier account, Great Barrington Gas (GBG), a medical equipment supplier. Recently, GBG's performance has declined, leading to an increasing number of rejected items. Lina is aware of the seriousness of...
Which of the following are examples of variable costs?
Which of the following are examples of variable costs? Building and site rent Annual insurance premium Raw materials expenditure Delivery costs for materialsA . 1 and 3B . 2 and 3C . 1 and 4D . 3 and 4View AnswerAnswer: D Explanation: Raw materials expenditure (3) and delivery costs for...
Which of the following is the most appropriate approach to investors or shareholders who have high level of influence but low interest in the running of business?
Which of the following is the most appropriate approach to investors or shareholders who have high level of influence but low interest in the running of business?A . Engage and keep them satisfiedB . Engage and consult with them regularlyC . Keep these people inform through general communication mediaD ....
Which of the following are most likely to beindirect costs of a garment manufacturer? Select THREE that apply.
Which of the following are most likely to beindirect costs of a garment manufacturer? Select THREE that apply.A . Packaging materialB . TextileC . Zips padsD . Maintenance materialsE . UtilitiesF . Depreciation of machineryView AnswerAnswer: D,E,F Explanation: Indirect costs are those cost that are not directly attributable to production....
Which of the following are examples of push techniques in commercial negotiations? Select TWO that apply.
Which of the following are examples of push techniques in commercial negotiations? Select TWO that apply.A . Threat of punishment, costs and damageB . Listening to, involving andsupporting othersC . Argument based on information, logic and reasonD . Working together to define the problem, the goals and the best solutionE...
Which of the following is definition of elasticity of demand in microeconomics?
Which of the following is definition of elasticity of demand in microeconomics?A . The percentage change in the quantity demanded divided by the percentage change in incomeB . The percentage change in price of a good divided by the percentage change in the quantity demanded of that good.C . The...
