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VapNat, an e-cigarette store, has experienced a steep decline in sales over the past six months, despite the economy in general performing well.
Which of the following are most likely to have contributed to such a decline?
Select ALL that apply.
Country X is a country highly reliant on its oil exports. However, in recent months, oil prices have fallen by 20%. It is located near Country Y, an oil exporter which is a member of a trading bloc. Country X has some coal reserves, but faces stiff competition from Country Z, a member of the trading bloc, which also exports coal.
Which of the following would be the most effective way for the government to alleviate these circumstances?
Select ALL that apply.
The managing director of Polly's has been given a pie chart showing the current proportion of sales across the chain's five stores.
Which of the below are the most significant reasons why the pie chart is an inappropriate way of expressing this data?
Select ALL that apply.
Which of the following is an internal economy of scale?
Which of the following will NOT affect the price elasticity of supply?
Brine Bank is facing a liquidity crisis.
Which of the following should the central bank NOT do in response to this?
Select all that apply.
Best for Beer is a brewery based in the UK. In the last year, it has seen its sales decrease by 23%. During the same period, the British Government has launched and run a public health campaign against excessive
alcohol consumption due to the rising number of incidents related to excessive alcohol consumption or 'binge-drinking' in the country.
Which of the following sources would be most relevant for Best for Beer to discover more about the public health campaign's effect on sales?
Miss Ruby designs and makes large ornaments for grand buildings. She is informed that her range of candle sticks have a price elasticity of-1.2
Which of the following plans would be most appropriate?
The interest rate at TrowBank is currently running at 7%. The number of customers borrowing to invest has fallen drastically.
Which of the following explains why this is the case?
Select ALL that apply.
MakeHay are struggling to co-ordinate their different departments so that deadlines are hit. Two managers suggest different ideas to solve this issue.
Manager Smith suggests MakeHay open a new office who is responsible for co-ordinating the different departments, and would also have their own production targets.
Manager Jones suggests that opening another office would increase production, and so ensure deadlines are hit.
Why is neither manager correct?
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