Results 1 to 3 of 3

Math Help - Micro - Nestle Inc

  1. #1
    Newbie
    Joined
    Oct 2009
    Posts
    4

    Micro - Nestle Inc

    Hi folks, I've assigned a coursework weeks ago. The deadline is coming

    Example we have Milo, Horlicks and Ovaltine
    1) Can Nestle reduces production, make shortage thus the price rises and maximize the profit ? IDK ! Economists aren't scientists, individuals can't control that. In my country, maybe but still there're substitutes; Horlicks & Ovaltine.
    2) Could other firms compensate for your shortfall and thus any expected profits? If the price is incredibly high,
    3) Could a product from another firm effect the demand of your product? - I think they can, although Milo is kinda necessary in my country.
    4) Does the knowledge of elasticity impact your firms pricing?
    5) Build a presentation that illustrates the workings of the above in relationship to either a luxury or necessity product or service. How does it look like ?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Grand Panjandrum
    Joined
    Nov 2005
    From
    someplace
    Posts
    14,972
    Thanks
    4
    Quote Originally Posted by pokeat View Post
    Hi folks, I've assigned a coursework weeks ago. The deadline is coming

    Example we have Milo, Horlicks and Ovaltine
    1) Can Nestle reduces production, make shortage thus the price rises and maximize the profit ? IDK ! Economists aren't scientists, individuals can't control that. In my country, maybe but still there're substitutes; Horlicks & Ovaltine.
    2) Could other firms compensate for your shortfall and thus any expected profits? If the price is incredibly high,
    3) Could a product from another firm effect the demand of your product? - I think they can, although Milo is kinda necessary in my country.
    4) Does the knowledge of elasticity impact your firms pricing?
    5) Build a presentation that illustrates the workings of the above in relationship to either a luxury or necessity product or service. How does it look like ?
    Is this maths? If so you need to restate the questions more clearly. Also tell us what you have done.

    CB
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Newbie
    Joined
    Oct 2009
    Posts
    4
    Mos of these need theoretical answers to support, some only need demand & supply graph and elasticity graphs. ( business involve ? )

    My progress - I not sure is this work but i've dl some reports from nestle website.
    Profi t before taxes and associates 2008 was 21 833 and 13 518 last year.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Micro economics-perfect competition
    Posted in the Business Math Forum
    Replies: 1
    Last Post: June 7th 2010, 06:11 PM
  2. Replies: 2
    Last Post: October 3rd 2009, 03:30 PM
  3. Micro Economics Question
    Posted in the Business Math Forum
    Replies: 2
    Last Post: October 1st 2009, 02:12 PM
  4. Micro econ question
    Posted in the Business Math Forum
    Replies: 1
    Last Post: September 29th 2009, 08:54 PM
  5. Micro econ help ! Diminishing returns?
    Posted in the Business Math Forum
    Replies: 0
    Last Post: February 7th 2009, 07:51 PM

Search Tags


/mathhelpforum @mathhelpforum