Two cinemas operating in a town in Labrador have been charging the same price. Then the managers strategize to maximize total revenue. Apply the economic concepts, principles, theories, and models covered in ECN501 to appropriately analyze and evaluate these two situations.
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- Suggest and justify an appropriate launch strategy for Mīhī's. What organisational capabilities will be critical to Mīhī's success? DO NOT USE AI.Analysse how ethical business practices and corporate social responsibility initiatives can contribute to long term sustanable economic development .Provide examples of how your workplace ,or an organisation of your choice ,can successfully integrates ethics ,CSI and CSR into its current business model.Discuss the impact this will have on its financial performace and reputation .With millions of passengers selecting air travel to reach their intended destinations, CaribbeanInternational Airlines has cornered the market by providing competitive fares, consistent customerservice and excellent returns for investors. The Chief Executive Officer has stated that thecompany wants to ensure that Caribbean nationals in the diaspora have easy and affordable accessto an airline with exceptional customer service. This airline caters to middle to high income earnerswho like to travel for adventure or relaxation. Priding itself as an affordable carrier with bargainfares, its mission is “Making air travel hassle free, reliable, economical and comfortable, we striveto transport our passengers safely to their chosen destinations.” The company has employees frommainly the Caribbean and North America who understand the needs and demands of their clientele.The company intends to expand travel services from various Caribbean destinations and Miami toother locations like New York,…
- “Pareto’s Principles states that there is an optimal solution that cannot be improved upon without disadvantaging at least one group”.Explain?Can you apply this principle in corporate decision-making? Give an appropriate example from the point of view of a corporation.A warehouse dispatch team, offering 'good customer service', is an example of which performance standard category used when performing control?MIA By-Laws (On Professional Ethics, Conduct and Practices) issued by Malaysian Institute of Accountants (MIA) contains various guidelines that should be compiled by all professional accountants in Malaysia. According to MIA By-Laws, there is a provision that prohibits members from using confidential information acquired in the course of the professional work for his own advantage or for the advantage of a third party. Explain THREE (3) situations where a member may disclose confidential information to the outsider.
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