Jacob's Tobacconists have recently been hit by the increase in tax on tobacco products in the UK. The graph shows the drop in demand after the tax was applied to these products.
What might the amount denoted by the difference between PO and P1 on the graph be used for?
A bottle of brandy costs £25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.
Which of the following applies to this particular scenario? Select ALL that apply.
Brilliant Buys Local is a subsidiary of Brilliant Buys, and operates a number of smaller stores in local neighbourhoods.
The managing director of Brilliant Buys Local, Mr Davidson, has been given a scatter diagram with sales of each store based on the size of the local population.
Which of the following options outlines the best ways to interpret this diagram in this context?
Select ALL that apply.
A business has a contractual requirement to pay a sum of$6m in a foreign currency in 12 months time. It takes out a forward exchange contract from this sum.
Golden Crisp Cereals plans to build its new factory on the outskirts of Bimbleton, an affluent medium-sized town where its current headquarters is based. The area where they are planning to build the factory was
formerly a country park.
Of the following, which stakeholder would be most likely to protest against the construction of the new Golden Crisp Cereals factory?
DigiRecords is an international retailer of CDs and DVDs. It has, however, started selling BluRoy players and discs.
Which of the following may have had an impact on DigiRecords' decision to begin selling BluRay players and discs?
The graph shows house prices in Lingford, a large urban town in a prosperous region.
Which of the following would be the equilibrium price for houses in Lingford?
Other things being equal, an increase in a country's balance of payments deficit on current account means that
Mrjohnson, the managing director of Brilliant Buys, wants to plot the cumulative sales figures for each store nationwide over the course of a year on a graph. The sales by store are shown below:
If these figures were plotted on an ogive, what would the line of cumulative frequency look like?
The managing director of Polly's, a department store, has found that ten of its stores located in the south east of England have seen a significant fall in profit margin.
Which of the following is most likely to be the cause of this?
