 |
HOME | ABOUT US | LINKS | TEST TAKERS | TEST CENTRES | ACADEMIA | LICENSING | DEUTSCH / ENGLISH |
HOME > Sample Questions > Economics Module > Analysing Processes > Example 1 & 2
Instructions Example 1 & 2 Example 3 & 4 Example 5 & 6
In the case of a certain product, the number sold per day, Zv, increases, the lower the sales price Pv. Conversely, the higher the Pv, the lower the Zv.
A company employee has determined that it is optimal for the company when the number of pieces sold per day is Zo.
The process diagram shows a strategy which is to lead to the number sold per day amounting to Zo at the end ("STOP").
Example 1
Which of the two statements about the strategy is/are correct?
I. If not enough pieces are sold, the sales price is - correctly - reduced.
II. It can happen that a sales price which is already too low is further reduced.
(A) Only statement I is correct.
(B) Only statement II is correct.
(C) Both statements are correct.
(D) Neither of the two statements is correct.
Degree of difficulty: low to medium
Example 2
Which of the two statements about the strategy is/are correct, when the contents of decision points X and Y are exchanged?
I. A correct price is reduced.
II. A price which is too high is further increased.
(A) Only statement I is correct.
(B) Only statement II is correct.
(C) Both statements are correct.
(D) Neither of the two statements is correct.
Degree of difficulty: medium
Instructions Example 1 & 2 Example 3 & 4 Example 5 & 6