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- QUESTION 3 a. There are various models and techniques which one can use to analyse the environment within which a business operates. The most commonly used ones are PESTEL and SWOT Analysis. Describe how the SWOT Analysis works in relation to a company’s decision making.Question 6: Suppose that the market for cigarettes in a particular town has the following supply and demand curves: QS = P; QD = 60 - P. 1. What is the equilibrium quantity and price? 2. Suppose that the town council wants to reduce cigarette consumption. It imposes a quantity tax per unit of cigarettes on the consumer side. Find the new equilibrium quantity, the equilibrium price paid by the consumer, and the equilibrium price received by the producer. 3. Suppose the flat tax is 20. What is the new equilibrium quantity, the price paid by consumer, and the price received by the supplier? 4. Use the results from Q6.3, compute the consumer surplus before and after tax. Draw the supply and demand curve and label the equilibrium quantity and prices. Also shade the area of the consumer surplus before and after tax. 5. If the council wants to reduce cigarette sales to 5, what would the appropriate tax be?Question 9. Indicate whether the following measures use a nominal, ordinal, interval, or ratio scale: Prices on the stock market Marital status, classified as “married” or “never married” Whether a respondent has ever been unemployed Professorial rank: assistant professor, associate professor, or professor Course grades: A, B, C, D, or F Blood-alcohol content Number of Facebook friends The color of one’s eyes Time spent per day using a smartphone or tablet?
- QUESTION TWO Bombers Eatery is a fast-food joint in Ghana with about 30 branches across Accra and Kumasi. One of the major threats to Bombers business is the existence of several competitors. These competitors all target the same market segment, young and busy Ghanaians that are seeking easy and ready-cooked fast food. However, this segment continues to reduce owing to the emergence of health concerns as studies show that fast foods are the main causes of obesity and other health complications. Another threat facing Bombers is a change in the lifestyles of consumers. As studies show, an increasing number of consumers are opting for healthy lifestyles. These lifestyle changes require them to reduce or eliminate fast foods from their diets and opt for alternative foods with low fats. As a result, consumers are opting to take their meals in restaurants; thus providing new food choices rather than visiting Bombers, which has a long history of having few healthy meals on its menus. What…Question 1 Given the following payoff table with the profits ($m), a firm might expect alternative investments (A, B, C) under different levels of interest rate. payoffs as profits states of nature decision alternatives 1(5%) 2(7%) 3(9%) A 14 22 6 B 19 18 11 C 12 17 15 a. Use the alternative method to verify EVPI NOW ASSUME THAT THE PAYOFFS ARE COSTS ANSWER THE FOLLOWING: b. What is the most the firm should be willing to pay to obtain further (perfect) information (EVPI)? c. Use the alternative method to verify EVPI. Please answer all three parts of Question 1.QUESTION 1 (CLO 1) Cost leadership strategy can allow a firm to earn above-average returns in spite of strong competitive forces in the industry. Discuss how this is possible by addressing each component of the five competitive forces.
- Question 2 WYZ Ltd. is a manufacturing company incorporated in Ghana under the Companies Act of 2019, Act 992. After successfully conducting their external and internal audits, the company formulated and implemented some of the best strategic moves in the manufacturing industry. However, several factors hampered the delivery of the desired outcomes and the company continued to struggle with their competitiveness for several years. Required: As a Strategist, examine and recommend five (5) management and marketing issues that could be responsible for the firm's inability to successfully implement their strategies and meet strategy expectations.Question 45 In competitive dynamics, the likelihood of competitive reaction depends on market dependence. How does a firm determine they have a high level of market dependence? O Market dependence will be high if the firm has good customer feedback from its market. O Market dependence will be high if the firm has high degree of concentration of its business in a particular industry. O Market dependence will be high if the rivals draw from the same types of strategic resources. Market dependence will be high if the competitors are vying for the same customers in the same markets.Question 2 Africa World Airline operates in the short-haul flight industry of Ghana. Unlike many of its competitors who are constantly seeking to reduce costs, often at the expense of customer service, the foundation of its business strategy is based on providing superior quality of service. Its mission statement is to be market leader, providing unrivalled customer service, in-flight comfort and reliability in the short-haul airline industry. Africa World Airline views its customers as central to strategic developments and values its staff in building successes. Required: a) Distinguish between the concept of mission and objectives State the strategic goals which can be derived from Africa World Airline's mission statement Using examples, create two long-term objectives each from the themes in Africa World Airline's mission statement
- QUANTITATIVE ANALYSIS TUTORIAL QUESTION 1. Rajah Company is going to introduce one of the three new products: A, B, and C or do nothing. As the market conditions (favourable, stable, or unfavourable) affect the payoffs of the products, the company estimates the following payoffs and probabilities: Market Condition, Payoff (RM) de Product A B с Do nothing Probability Favourable 8 000 5 000 7 000 0 0.4 Stable 6000- 3000 6 000 0 0.3 Unfavourable -5 000 -1 200 -1 000 0 0.3 (a) What is the decision under risk? (b) What is the expected value of perfect information (EVPI)?Question 5 5.1 Suppose an economy's production function is Y = AK“L'«. If the annual rate of economic growth is 4.5 per cent and labour and capital are both growing annually by 3 per cent and 4 percent respectively, what contribution to growth is made by total factor productivity? You can assume that labour receives 65 per cent of the total income generated in this economy. 5.2 Does this mean that labour contributes 65 per cent of the increased output? Explain.QUESTION 2 (Part) Marie from question 1 expected to have a substantial income tax liability for the 2023 income year and shortly before 30 June 2023 wanted to adopt some tax planning strategies to reduce that liability. She considered the following two suggestions. ... The second alternative suggestion was a “tax effective” investment scheme that Marie heard about at a city wine bar that was a “certainty” to reduce her income tax liability. The investment was marketed by a brochure that highlighted its tax advantages and was widely promoted by a cattle investment company. It involves a cattle breeding program under which an investor agrees to lease from the cattle investment company some cows for breeding purposes and pays leasing fees for this, and then makes income from the sale of bred cattle. The initial lease period is two years during which the investor engages a cattle management company to manage the cows for breeding purposes and pays management fees for these services. An…