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Section B : (75 marks) Answer ALL questions by typing on Answer Sheet provided.
Question 2
(a) Interpret the following FIVE (5) common training methods for training the employees.
Support your explanation with examples.
(i) Orientation
(ii) On-the-job training
(iii) Apprenticeships
(iv) Off-the-job training
(v) Web-based and other electronic media-based training
(25 marks)
Question 3
(a) (i) There are different types of economic systems. Differentiate between a planned
economy and a market economy. Support your explanation with examples.
(ii) There are different degrees of competition. Differentiate between perfect competition
and monopolistic competition. Support your explanation with examples.
(25 marks)
Question 4
(a) A growing fashion brand that targets young adults has recruited you as a marketing
consultant. The company focuses on fashionable, budget-friendly clothes for young adults.
It is your job to create an effective marketing mix strategy to successfully market and sell
the products of the company.
Based on the scenario above, determine the FOUR (4) components of the marketing mix
for the fashion company.
(25 marks)
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BUS1100E (F) / May 2023 Term / Tee Mcxin / 07-07-2023