MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
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Stern School of Business‚ New York University Management and Organizations Spring 2013 Professor: Aiwa Shirako Office: Tisch‚ Suite 701D Phone: (212) 990-4005 Email: ashirako@stern.nyu.edu Office hours: By appointment SECTIONS: MGMT-UB.0001.02 MGMT-UB.0001.03 MW 9:30-10:45am UC24 MW 2:00-3:15pm: UC24 TF: Esther Leibel : eleibel@stern.nyu.edu TF: Junghyun Suh: jsuh@stern.nyu.edu Course Blackboard (BB) site: http://sternclasses.nyu.edu Slides‚ announcements‚ and some course materials will be
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3.2 Internal growth strategies refer to the growth within the organization by using internal resources. It focuses on developing new products‚ increasing efficiency‚ hiring the right people and better marketing. Should Vodacom want to expand into Africa to sustain profitability it can use its can consider its internal growth Vodacom can now then focus on what it already had this includes the quality it gives to their customers this including its latest development of LTE which is fourth generation
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many positive benefits for the organization. Retaining customers through effective customer service enables easier growth‚ indirectly and directly. When the customers are happy and satisfied then the staff is happy as well (2009). You can improve the customer stimulation by offering discounts‚ promotions and having active sales efforts will keep a relationship with your customer and attract them to buy more of the products or service you sell. Upon the organization‚ you can keenly monitor the customers
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2.0 Factors that Cause Poverty It has many factors that cause to poverty for a country. This happens because on this world‚ it has too many people but just has few jobs and lack of foods for all people to survive. Some of the causes that cause to poverty are overpopulation‚ education‚ wars‚ corruption‚ and lack of resources‚ politics‚ and natural disaster and so on. 2.1 Overpopulation First of all‚ the factor that has cause to poverty is overpopulation. For example‚ Vietnam is one of the countries
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Business Organization MD BUS/210 August 19‚ 2012 Colette Franklin Business Organization I have a one of a kind product that I want to put out into the global market but I do not have the money it takes to put this product to the level it needs to be. I could be the sole proprietorship‚ where I have a nonincorporated business entirely owned by one person but I may need investors to perform this task. The profits I have acquired have exceeded expectations and I am currently on back order most
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Overview of the Gallup Organization’s Q-12 What do the most talented employees need from their workplace? What do they need to thrive? What do they need to stay engaged and to do their best work? These were some of the questions that the Gallup Organization set out to answer with a comprehensive research study that has spanned the last twenty-five years. The study has produced many important findings‚ the most powerful of which is that talented employees need great managers. While factors such
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must be satisfied before higher level needs are activated. The final one is that several needs affect a person’s behavior at any one time. Case study: Café de Coral Café de Coral in Hong Kong had performed their outstanding performance in organization management‚ including their human resources management and service quality management and their success had been recognized by society by granting different awards‚ such as Hong Kong Corporate Branding - Consumer Award (catering service category)
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Chapter 1 The Big Ideas in Economics Think of why some goods should be allocated by money while some not. Why demand curve is downward sloping? Two effects: 1.Substitution effect (dominent) 2.Income effect (small) The demand&supply curve can be read horizontally or vertically. You should be familiar with both ways of reading. Chapter 3 Supply&Demand Concepts: 1.A normal good: a good for which demand increases when income increases. An inferior good: a good for which demand decreases
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Nursing Organization: AWHONN The Association of Women’s Health‚ Obstetric and Neonatal Nurses (AWHONN). This organization founded in 1969 as the Nurses Association of American College of Obstetrics and Gynecology. In 1993‚ the association becomes a separate nonprofit organization called the association of Women’s Health and Neonatal Nurses. AWHONN headquarter in Washington D.C‚ there are 24‚000 healthcare members worldwide and it is representing more than 350‚000 nurses in this specialty. AWHONN
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