OLIGOPOLY Oligopoly is a market with a few sellers. Fewness means in this market number of firms is such that one firm’s action affects the other firms in the market. Hence whenever any firm makes any decision regarding price etc‚ it has to take into account the behavioural response of the other. This main feature of oligopoly is called interdependence. This interdependence brings forth the need for strategic decision making. Strategic decision making involves conjectural variation. Conjectural
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movement had originally started in the 1980 ’s when managers were encouraged to give their workers more involvement in work-related decisions but has now grown into its own controversial topic as 31% of companies define themselves as empowered. Advantages Many companies believe that being in an empowered company will motivate the worker. They believe this because it gives the job content. Researchers have shown that at the individual level and the team level that giving the workers power over themselves
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Internet while still young in age has grown rapidly‚ spreading to countries world wide and connecting 50 million users. With its popularity‚ it is incumbent upon our society to recognize how the Internet works and to be aware of its advantages as well as disadvantages. While seemingly high tech the Internet concept is rather simple. Computers speak to one another and send information. This is accomplished by sending and receiving electronic impulse‚ and then decoding them into a message. In order
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Reputation can make or break an individual. It determines how people view one another and it also decides how people treat and react to each other. In Frankenstein by Mary Shelley‚ the monster‚ Victor Frankenstein and Elizabeth Lavenza face struggles with their reputation and how it defines them. Also‚ in Othello by William Shakespeare‚ Iago‚ Othello and Desdemona are presented with similar struggles to the ones the characters in Frankenstein face. The presentation of reputation in both works allows
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planting materials‚ compensate land shortages and genetic improvement of the plant. [pic][pic][pic][pic]A few of the advantages perceived in the use of biotechnology in agriculture are rapid multiplication of plant species‚ breeding of resistant varieties‚ diagnosis and control of disease in crop and livestock‚ utilization of crop residues and animal waste. Some of the disadvantages are high cost of research and development‚ endangering biodiversity‚ genetic erosion and lack of access for poor farmers
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successful because it provides a lot of entertainment that humans need. For example‚ today many people are watching or downloading free entertainment on the internet‚ and many people are playing on-line games. In contrary‚ the internet has a lot of disadvantages. There have been many people who became victims of pornographic sites on the internet.When your computer connects to the internet it is often the case that a virus attacks your computer hard disk. In addition‚ many people steal personal information
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comparative advantage are less valuable than initially perceived for the development of a strong‚ competitive economy. The new type of development is one that involves the whole market and all institutions in the economy. Productivity is that component which creates a competitive advantage rather than a comparative advantage; the latter only addresses only the supply side of the market system and ignores demand‚ historical chance and the role of government. Indeed‚ the model of competitive advantage addresses
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Money saving advantage investigation (CBA) is an apparatus utilized by administrative chiefs to recognize the expenses and advantages‚ in monetary terms‚ of a control to society all in all. People setting up a CBA endeavor to appoint a money related esteem (likewise know as adapting) to all the anticipated expenses and advantages of a control. These incorporate the immediate expenses and advantages‚ as well as any unrelated impacts a direction may force on society. In assessing the consequences for
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isolated bacteria were named initially as Bacillus bifidus communis‚ which was later renamed to the genus Bifidobacterium. He observed that Bifidobacteria is the dominant in the gut microflora of breast fed infants and also he observed the clinical advantages in using Bifidobacteria in treating infant diarrhoea. Alfred Nissle‚ German professor‚ during an outbreak of shigellosis in 1917‚ isolated a strain of Escherichia coli from faeces of a soldier who was not infected by the disease‚ antibiotics were
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recreation‚ but also the provision of services for this act. It might occupy local services such as entertainment‚ accommodation and catering for tourists. It may seem‚ that tourism brings only benefits‚ but further consideration shows that it also has disadvantages. According to Shirleyrader (2014) ‚ many countries depend heavily upon travel expenditures by foreigners as a source of taxation and as a source of income for the enterprises. Therefore‚ the development of tourism is often a strategy to promote
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