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ECS1501 Assignment 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED
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  • University Of South Africa (Unisa)
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Well-structured ECS1501 Assignment 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Question 1 (12 marks) Maximum word count: 100 words Giant, the world’s leading brand of high-quality bicycles and cycling gear, announced that their pre-tax profit has ...

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  • July 18, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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ECS1501
Assignment 5 2024
Unique Number: 654552
Due Date: 22 July 2024

QUESTION 1

(i) Market Condition Description

The presenter who describes the market condition faced by Giant Bicycles most accurately is
the one who clarifies that the issue is one of over-supply rather than under-demand. This
explanation is more precise because it correctly identifies the imbalance between supply and
demand: Giant Bicycles produced more inventory than the current market demand could
absorb. Therefore, the problem is excess supply, not a deficiency in consumer demand.


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