DEMAND SUPPLY BUSINESS ENVIRONMENT

Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a good demanded is smaller than the percentage fall in its price:

A threat is

If regardless of changes in its price, the quantity demanded of a good remains unchanged, then the demand curve for the good will be:

Which of the following is not a factor of Demographic Environment?

A movement along the demand curve for soft drinks is best described as :

The following statement relates to which strategic response approach to the environment: They seek to monitor the changes in that environment, analyse their impact on their own goals and activities and translate their assessment in terms of specific strategies for survival, stability and strength.

What is the kind of response in which a business should make efforts to exploit the opportunity and reduce the threats:

The price of hot dogs increases by 22% and the quantity of hot dogs demanded falls by 25%. This indicates that demand for hot dogs is :

If the local pizzeria raises the price of a medium pizza from ` 60 to ` 100 and quantity demanded falls from 700 pizzas a night to 100 pizzas a night, the price elasticity of demand for pizzas is :(Use Arc Elasticity Method)

Demand for a good will tend to be more elastic if it exhibits which of the following characteristics?

__________ response not merely recognises and wards off threats but also convert threats into opportunities:

Suppose a consumer’s income increases from Rs 30,000 to Rs ` 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumer’s income elasticity of demand for CDs? (Use Arc Elasticity Method)

Relationship between organisation and environment can be described through:

An indifference curve slopes down towards right since more of one commodity and less of another result in:

The successive units of stamps collected by a little boy give him greater and greater satisfaction. This is a clear case of

In the case of a Giffen good, the demand curve will usually be :

What is the single word that can best describe today’s business?

Which of the following is not a characteristic of least resistance strategic response:

When economists speak of the utility of a certain good, they are referring to

For a normal good with a downward sloping demand curve:

Perceiving the needs of the external environment and catering to them, satisfying the expectations and demands of the clientele groups is:

Process of strategy formulation starts with:

An increase in the supply of a good is caused by :