Business Ethics
See Answer →TQM as a management approach
See Answer →Uniqueness and perishability as event characteristics
See Answer →“Many entrepreneurs see changes in the environment as opportunities for growth and not as a threat to their business.” Justify the statement. Also, support your answer with a suitable example from the event industry where change in the environment has provided an opportunity to the event manager.
See Answer →Why is it important to plan and build portfolios for the success of an Event Management Company
See Answer →Creating live experiences is an important aspect of events.” Elaborate on this, stating few real time example
See Answer →Describe the screening process of an event. Using the steps involved in general screening process to develop an event concept of a ‘meeting.’
See Answer →Describe the screening process of an event. Using the steps involved in general screening process to develop an event concept of a ‘meeting.’
See Answer →Discuss the importance of a business plan for an EMC. Who are the readers of the business plan?
See Answer →Discuss the steps in preparing a business plan for an Event Management Company.
See Answer →Explain the skills required by an event manager to be a professional leader
See Answer →Describe events based on their size. Support your answer with suitable example
See Answer →Compare and contrast a normal, an inferior and a Giffen good in terms of income elasticity of demand.
See Answer →Consider the demand curve AD of a good in Figure 2. The distance AB, BC and CD are equal to x, y and z units, respectively. In terms of x, y and z, what will be the price elasticity of demand for the good at points A, B, C and D?
See Answer →
Discuss the income and substitution effects of a price change in case of a normal good.
See Answer →A perfect competitive industry faces a demand curve represented by Q = 10,000 – 10P. Also suppose that an individual firm belonging to that industry faces a marginal cost function given by
MC (Q) = 4Q + 100
Here Q represents quantity of output produced and P is the price. What would be the equilibrium market price? How much does each firm produce in equilibrium? and also find how many firms would be there in the industry in the long run?
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Using appropriate diagrams compare and contrast short-run equilibrium conditions with the long-run equilibrium condition faced by a firm under monopolistic competition.
See Answer →The role of Supplementary Reader in a language package
See Answer →Need for evaluating and revising course materials from time to time
See Answer →Consider Figure 1 below where MC, ATC, AVC, D, and AR represent the marginal cost, average total cost, average variable cost, demand, and average revenue curve respectively under a perfect competition. Based on the figure, answer the following questions:
(i) What is the profit maximising level of output for this firm in the short-run? At this quantity, what is the marginal revenue?
(ii) How much is the total cost for this firm in the short-run equilibrium?
(iii) In the short run, is the firm making economic profit or suffering loss? How much is that profit or loss? Should the firm shut down?
(iv) How much is fixed cost faced by this firm at equilibrium?
(v) What is the break-even price for this firm? What is the shut down price for this firm?
(vi) If fixed cost increases further, what impact will this have on this firm’s profit maximising level of output in the short run?
