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In b part
Will the answer be considered correct if I write that the principal market is Domestic market – Manufactures as they have the highest level of activity and the fair value should be 730 based upon this.
Even if the information is not available for Retailers market, the Manufacturer market have higher level of activity than that of Export market . And government also set limits on exports.Will this answer be correct?
To get through this question you need to define principal and advantageous market.
Then attempt to apply using as much of the scenario as possible. All candidates will make different assumptions
To be honest, any reasonable conclusion will be marked correct. As you know markers give calculation marks for approach not the answer, so your answer will be fine.
To get through this question you need to define principal and advantageous market.
Then attempt to apply using as much of the scenario as possible. All candidates will make different assumptions
To be honest, any reasonable conclusion will be marked correct. As you know markers give calculation marks for approach not the answer, so your answer will be fine.
To get through this question you need to define principal and advantageous market.
Then attempt to apply using as much of the scenario as possible. All candidates will make different assumptions
To be honest, any reasonable conclusion will be marked correct. As you know markers give calculation marks for approach not the answer, so your answer will be fine.
To get through this question you need to define principal and advantageous market.
Then attempt to apply using as much of the scenario as possible. All candidates will make different assumptions
To be honest, any reasonable conclusion will be marked correct. As you know markers give calculation marks for approach not the answer, so your answer will be fine.
Hello Tutor,
In this question, the advantageous market has been identified as Export Market. For Principal market, since some of the information is missing on domestic market – direct to retailers, the answer says the principal or most advantageous market will be presumed to be the market in which Mehran would normally enter into the transactions which would be export market. However the question clearly says that Mehran sells directly to manufacturers (second domestic market) with the greatest volume of transactions, whereas in export market, Mehran needs a licence from government to export its product and there is a limitation too, which gives a hint that Mehran has not entered the market yet.. So instead of export market, would it not be Domestic market – direct to manufacturers to be as Principal Market?
Thanks.
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