The effect of gold price changes on Barrick stock is hard to correctly measure and it is even harder under the hypothesis of no hedging program. There are many papers studying the sensitivity of Barrick stock to gold price changes, however, very few (probably none) have calculated it with the elimination of hedging program. For instance, Petersen and Thiagarajan(2000) valuate the hedging program by comparing impact of gold price changes to ABX stock and that to Homestake Mining (no hedging).
This question will look at Sainsburys performance and how it is affected by Sainsburys choice of generic strategy. Bowman's strategy clock (appendix 1) is a theory that analyses a company's competitive position. In order to identify which category a company falls into, the company's products or services and costs are analysed to provide a generic strategy. Many organisations have a generic strategy based around either quality or quantity (price).