Question: QUESTION 3 {25) (A) At its simplest level, a business enterprise represents a series of contractual relationships that specify the rights and responsibilities of various

QUESTION 3 {25) (A) At its simplest level, a

QUESTION 3 {25) (A) At its simplest level, a business enterprise represents a series of contractual relationships that specify the rights and responsibilities of various parties. Critically, discuss the importance and role of the following parties, and demonstrate how they all contribute towards the maximization of the value of Standard Bank Namibia (Pty) Ltd. (17) 1. Suppliers 2. Management 3. Customers 4. Employees 5. Investors (B) Explain the meaning of the following concepts in relation to the bank's strategies in pricing and promotion of its banking services and products. (8) (1) ice elasticity (2) Promotional elasticity (3) Income elasticity (4) Cross-elasticity

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