What do you mean by Monopolistic competition as a common type of market? Discuss two important features of monopolistically competitive market – product differentiation and selling cost by taking real world cases

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Business Economics

1. Analyze various factors influencing the demand for a commodity. Which of these factors will particularly influence demand for the following commodities? Why?

a) Ice-cream b) Sugar c) Pen d) Designer Jean (10 Marks)

2. What do you mean by Monopolistic competition as a common type of market? Discuss two important features of monopolistically competitive market – product differentiation and selling cost by taking real world cases. Also discuss how these two features have an influence over the demand for products under monopolistic competition. (10 Marks)

3. Read the paragraph below and answer the question given at the end of the paragraph.

a. According to a study of a rental market for VCDs, the price elasticity of demand for VCDs rental is 0.7. It means, 10% increase in the price of rentals, leads to 7% fall in the demand. This further means, the demand for VCD’s on rental is price inelastic. Mr. Jagjit, who is in the business of VCD rentals, increases the rentals by 25% on the basis of the information made available by the study, with expectation of raising the revenue. But contrary to his expectation, his revenue in fact has decreased. What is the mystery? (5 Marks)

b. Business cartels are the unique feature of oligopoly. Explain the nature and working of cartels with the help of an example of OPEC as an international cartel.  (5 Marks)

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Analyze various factors influencing the demand for a commodity. Which of these factors will particularly influence demand for the following commodities? Why? a) Ice-cream b) Sugar c) Pen d) Designer Jean

Assignment Solutions, Case study Answer sheets

Project Report and Thesis - Contact

aravind.banakar@gmail.com

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ARAVIND – 09901366442 – 09902787224

Business Economics

1. Analyze various factors influencing the demand for a commodity. Which of these factors will particularly influence demand for the following commodities? Why?

a) Ice-cream b) Sugar c) Pen d) Designer Jean (10 Marks)

2. What do you mean by Monopolistic competition as a common type of market? Discuss two important features of monopolistically competitive market – product differentiation and selling cost by taking real world cases. Also discuss how these two features have an influence over the demand for products under monopolistic competition. (10 Marks)

3. Read the paragraph below and answer the question given at the end of the paragraph.

a. According to a study of a rental market for VCDs, the price elasticity of demand for VCDs rental is 0.7. It means, 10% increase in the price of rentals, leads to 7% fall in the demand. This further means, the demand for VCD’s on rental is price inelastic. Mr. Jagjit, who is in the business of VCD rentals, increases the rentals by 25% on the basis of the information made available by the study, with expectation of raising the revenue. But contrary to his expectation, his revenue in fact has decreased. What is the mystery? (5 Marks)

b. Business cartels are the unique feature of oligopoly. Explain the nature and working of cartels with the help of an example of OPEC as an international cartel.  (5 Marks)

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ARAVIND – 09901366442 – 09902787224

Which aspect is most important according to you – sound, appearance or body language? (5 Marks) b) In what ways can non-verbal communication complement verbal communication?

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Business Communication and Etiquette

Q1) What are the major blunders that you have seen speakers commit while addressing an audience? As a proficient public speaker, what advice would you like to share with these speakers to improve their delivery? (10 Marks)

Q2) Under what circumstances, would you recommend your team to employ surveys, interviews and focus groups. Which medium have you used the most to gather information in your career and why? (10 Marks)

Q3). Shreyansh was heading the team meeting at ABC Corporation. He seemed to have left home in a hurry for his appearance. He seemed stressed and his voice was shaky too. He did not seem to be in the best of his element which was unlike his usual confident self. His team which is always very attentive could not focus on the point that he was making despite their best efforts.

a) Which aspect is most important according to you – sound, appearance or body language?  (5 Marks)

b) In what ways can non-verbal communication complement verbal communication?  (5 Marks)

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Under what circumstances, would you recommend your team to employ surveys, interviews and focus groups. Which medium have you used the most to gather information in your career and why

Assignment Solutions, Case study Answer sheets

Project Report and Thesis - Contact

aravind.banakar@gmail.com

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224

Business Communication and Etiquette

Q1) What are the major blunders that you have seen speakers commit while addressing an audience? As a proficient public speaker, what advice would you like to share with these speakers to improve their delivery? (10 Marks)

Q2) Under what circumstances, would you recommend your team to employ surveys, interviews and focus groups. Which medium have you used the most to gather information in your career and why? (10 Marks)

Q3). Shreyansh was heading the team meeting at ABC Corporation. He seemed to have left home in a hurry for his appearance. He seemed stressed and his voice was shaky too. He did not seem to be in the best of his element which was unlike his usual confident self. His team which is always very attentive could not focus on the point that he was making despite their best efforts.

a) Which aspect is most important according to you – sound, appearance or body language?  (5 Marks)

b) In what ways can non-verbal communication complement verbal communication?  (5 Marks)

Assignment Solutions, Case study Answer sheets

Project Report and Thesis - Contact

aravind.banakar@gmail.com

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224

What are the major blunders that you have seen speakers commit while addressing an audience

Assignment Solutions, Case study Answer sheets

Project Report and Thesis - Contact

aravind.banakar@gmail.com

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224

Business Communication and Etiquette

Q1) What are the major blunders that you have seen speakers commit while addressing an audience? As a proficient public speaker, what advice would you like to share with these speakers to improve their delivery? (10 Marks)

Q2) Under what circumstances, would you recommend your team to employ surveys, interviews and focus groups. Which medium have you used the most to gather information in your career and why? (10 Marks)

Q3). Shreyansh was heading the team meeting at ABC Corporation. He seemed to have left home in a hurry for his appearance. He seemed stressed and his voice was shaky too. He did not seem to be in the best of his element which was unlike his usual confident self. His team which is always very attentive could not focus on the point that he was making despite their best efforts.

a) Which aspect is most important according to you – sound, appearance or body language?  (5 Marks)

b) In what ways can non-verbal communication complement verbal communication?  (5 Marks)

Assignment Solutions, Case study Answer sheets

Project Report and Thesis - Contact

aravind.banakar@gmail.com

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224