managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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Theories of Profit There are various theories of profit‚ given by several economists‚ which are as follows: 1. Walker’s Theory of Profit as Rent of Ability This theory is pounded by F.A. Walker. According to Walker‚ “Profit is the rent of exceptional abilities that an entrepreneur may possess over others”. Rent is the difference between the yields of the least and the most efficient entrepreneurs. In formulating this theory‚ Walker assumed a state of perfect completion in which all firms are
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the alliance formed? The dual alliance was formed in the year 1879. The German chancellor Otto Von Bismarck was responsible for forming the alliance as he strove to form stronger links with Austria-Hungary. The secret treaty stated that both nations would agree to help each other if attacked by Russia but that they would remain neutral if there was an attack on another power such as France. Question 6: Which nation joined the dual alliance in 1882 and transformed it into a triple alliance? In 1882
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additional gaming revenues. Terrence Wei‚ the new property president‚ feels that his department managers appear to be in conflict with each other. The managers of each department have expressed concerns when it comes to running their department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically‚ the hotel manager complained about capacity constraints. It is difficult
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Kyla Kincaid Mrs. Hughes English 12 w2 11 October 2013 Why social Media is Good Social media is good to have because it can help get important information around faster and help students learn digital responsibility. Social media can help get important information around in a much faster manner. “Burlington parents had instant access to information and a place to have questions answered swiftly. This saved school administrators hours that in the past we would’ve spent answering phone calls
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ever think social connection is bad or good? Do you think about how it is helpful and harmful it is? When I hear about social networks‚ I think it is helpful. This is because when I see Facebook I see my mom posting new ads for her shop trying to get more business so we can do fun things together. Or I also see my dad calling my Antie Keke‚ so we can talk to all of our family in cousins all the way in Alexander City‚ Alabama. When I talk about using the web I talk about it mostly in a good way. Yea
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Amanda Benitez English 1301 John Flickinger February 10‚ 2013 Benjamin Franklin’s Philosophies Benjamin Franklin was one of the greatest men to walk this earth. His accomplishments range from being a wonderful politician and statesman‚ to a scientist and an author. He also conquered many personal goals that made him a person that people sought to be around and to be like. In his early 20’s‚ Franklin decided that he wanted to become a “perfect” being. Following a list of 13 virtues‚ and
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“In Good Company” -Social Relationships Relationships are an important part of everyday life. They are important in the social aspect of friendship and in the working environment. "In Good Company" is a movie about relationships and the business world. Dan Foreman‚ a 51 year old man‚ is the Sales Director at Sports America magazine. He is a very good salesman who has built relationships with his customers. When Sports America has an unexpected take over by Globe Com‚ Dan and his co-workers find
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organization 1. From the bottler’s perspective A)Corporate governance • I would require the concentrate producer to purchase a minority share in the company that would ideally be 49% . This is because the more shares the producer buys‚ the more growth and profit margins I expect to have. This was seen with the Gallardo-PepsiCo joint venture expectations. Plus‚ I would like to name more directors than the producer. • As we have seen in the text‚ concentrate producers and bottlers may have opposite interests:
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Different types of causes‚ long-term causes and immediate causes for WW1. Long Term: Mutual Defense Alliances * Russia and Serbia (Russia joined in first after war started between Austria-hungary and serbi‚ Russia was Serbias alliance‚ we can say Serbia triggererd the chain reaction) * Germany and Austria-Hungary * France and Russia * Britain and France and Belgium * Japan and Britain Imperialism - Imperialism is when a country increases their power and wealth by bringing
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