they can achieve large profits. Unfortunately supply for this industry is also inelastic and due to the nature of oil as a natural resource there is a limit to how much producers can produce. Due to its worldwide need‚ the exporting and production of oil is done at a worldwide level. Hence suppliers in the oil industry are the countries themselves‚ which creates an oligopoly. Oligopoly’s are known for having kinked demand curves meaning that when left to the free market competitors will keep undercutting
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Major Functions Of RBI Introduction The RBI was established by passing "trasfer of public ownership Act" in Sep-1948 under which the ownership of the bank was passed into the hands of the Government of India with effect from 1st january 1949. Fuctions: The fuctions are classified into three heads‚viz.‚ A) Traditional functions B) Promotional functions and C) Supervisory functions. lets see the detailed accont in these heads.‚ A) Traditional functions 1.Monopoly of currency notes issue
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“Unequal employment opportunities is the main cause of armed conflict within a nation-state.” Do you agree? Explain your answer. I agree that unequal employment opportunities is one significant cause of armed conflict within a nation state. But another factor leading to armed conflict is divided loyalties. The case study used in this essay is Northern Ireland. Unequal employment opportunities is one significant cause of armed conflict in Northern Ireland. In Protestant-dominant Northern Ireland
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Political parties are one of the earliest available and visible institutions in a democracy. A political party is an association of people who come together on a common platform with the objective of contesting elections. Political parties have three components-leaders‚ active members and followers. One main function of political parties are to contest election‚ put forward policies and programmes‚ make laws‚ form a government‚ perform role of opposition‚ share public opinion and undertake welfare
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CASE STUDY PROGRAMME CODE: MBG1433 PESISIR LECTURER: EN NORAZAM OTHMAN STUDENT NAME: RAIHA AZENE RAMLI MATRIC NO.: MB111105 CASE STUDY NO.3: LITERATURE REVIEW Based on the two articles (source: The Star‚ 10 October 2010‚ Focus page F24 & F26)‚ Case study 3 requires the reviewer to suggest ways to which the Government can help to control house prices although there are various factors that contributed to the rise of affordable housing. Argue your case critically and creatively. The source
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What priorities should the HR team have for the first six months? In the first six months HR teams should have major priorities; these are to perform the functions of the HRM: * Manpower Planning * Recruitment and Selection * Training and Development * Employer/Employee Relationship Manpower Planning – means making sure that the business has enough workers with the right skills to do the job in the business. HRM should forecast future demand and calculate existing supply. The
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Operational Effectiveness is not strategy In the world of business today‚ rivals can quickly copy market position‚ and competitive advantage is temporary. The problem is the failure to distinguish between operational effectiveness and strategy. Operational effectiveness and strategy are very important but they work in very different ways. A company can outperform rivals only if they can deliver greater value to customers or create comparable value at a lower cost‚ or do both. We can have cost advantage
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In this report i will be writing brief description on the functions of the main cell components of the body cell. The cell membrane : is something that lets some things in and some things out of the cell. It is an outer cover for the cell. If the cell membrane was non existences the cell would spill all over the place. Its function is to protect the integrity of the interior of the cell by allowing certain substances into the cell‚ while keeping other substances out. It is composed of a thin
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ASSESSMENT OF THE ORGANIZATIONAL EFFICIENCY AND EFFECTIVENESS OF LEON PNP THROUGH A COMPARATIVE STUDY OF CRIMINAL CASES SOLVED AND CLEARED AS OF YEAR 2009 TO 2013 An Undergraduate Research Paper Presented to: Mr. Hanibal E. Camua Division of Social Sciences University of the Philippines Visayas Miagao Campus‚ Iloilo In Partial Fulfillment of the Requirements In Political Science 14 Philippine Politics and Government By John Mark C. Calves Jonathan V. Magan Arielle Lois C. Robles
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There are four basic managerial functions in the process of management which includes planning‚ controlling‚ organising‚ and leading. All managers‚ regardless of title‚ level‚ type and organisational setting are responsible for the four functions. • Organising - is the process of assigning tasks‚ allocating resources and arranging activities to implement plans. • Planning - is the process of setting objectives and determining how to accomplish them. • Controlling - is the process of measuring
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