from the government Economies of scale: Falling average costs as the size or output of a firm increases. Positive Externality: Benefits received by a third party; beneficial spin-off effects; social benefit greater than private benefit. Demerit Good: A good for which the long term private costs of production exceed the short-term private costs of consumption. Negative Externality: An adverse consequence of a economic activity that is experienced by third parties; an adverse spin-off
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decentralized command structure does help to overcome the cons of autocratic management such as lack of ownership and authority‚ as you go down the hierarchical organization structure‚ it has its own unique set of pros and cons. Let us explore these merits and demerits of decentralization and put into perspective the tradeoffs involved when adopting this management concept. Advantages of Decentralization The top management and promoters of the firm have distributed the decision-making authority and are
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Corporations 19 Diversified Multinational Corporations 19 Hierarchy of multinationals 19 Merits 21 Merits of Multinational Corporations: 21 General Merits 21 Benefit to the Resident: 21 Promotion of Trade 21 Strengthening of Domestic Competition 22 Technological progress 22 Providing Employment 22 Growth of MNC’s 22 Economic Globilazation: 22 Merits to Host Country 23 demerits 23 General Demerits 23 Globalization: 23 Influence On Environment: 24 Problems To
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Business Environment Lecture 1 Business & its Environment What is Business? Business is a way of dealing with the problem of scarcity Business involves the transformation of inputs into outputs to meet particular needs or wants of consumers Business is not just The Private Sector it is also The Public Sector and Societies have to choose the balance between the public and private sectors The Private Sector (Pg 7-11) Consists of all business in some form of private ownership COMPETITON
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However‚ along with social devepment‚ they tend to move to large cities. As a result‚ life changing affects people changing. In this essay‚ I would explore the advantages and disadvantages of living in a small community. In my view‚ Therese were many merits of living in a small town. Firstly‚ villager’s occupation was related to natural source such as farming and fishery. Take one example‚ inhabitant lived and worked together in field during the day. Inevitably‚ this activity needed cooparation among
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COMPARISM BETWEEN PRIVATE AND PUBLIC OWNERSHIP: A CASE STUDY OF NIGERIAN BREWERIES PLC AND PABOD BEWERIES LTD. INTRODUCTION: There are two types of companies which are generally identified when classifying ownerships. These are known as Private and Public companies. PRIVATE COMPANIES- A private company is a term used to describe a privately held limited partnership that does not report financial information to the public. It is a business company owned by either non-governmental
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in relation to each of the following a. Public Goods b. Merit Goods c. Externalities d. Imperfect competition 2. Select one current government policy on completion and a. Explain the policy selected b. Identify and describe the instruments used to achieve your chosen policy c. Evaluate the success or failure of your chosen policy in relation to its use within the UK Contents 1. Market failure and government intervention 2 Public goods 2 Merit goods 2 Externalities 3 Positive externalities 3 Negative
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1. Social factors include the cultural aspect and include health consciousness‚ population growth rate‚ age distribution‚ career attitudes and emphasis on safety. Trends on social factors affect the demand for a company’s product and how that company operates. Since the population of china is much higher than that of Thailand‚ the labor cost is much less cheaper than that of Thailand. a) Social issues are those topics aligned with the human factor in terms of information systems planning‚ development
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Running Head: ECONOMIC POSITION Coca Cola Economic Position Paper ECO 365 Coca Cola is the world’s leading manufacturer and distributor in the beverage industry.The economic position of Coca-Cola is determined through careful analysis of the organizations history‚ market conditions‚ market trends‚ and finally the recommendations needed for the future of the organization in their economic position. Overview of the company will consist of the history‚ industry market‚ the role of government
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Model Research Proposal Title of the problem ATTITUDE OF SECONDARY LEVEL TEACHERS TOWARDS CONTINUOUS AND COMPREHENSIVE EVALUATION METHOD PERIYAR UNIVERSITY SALEM Submitted By Submitted To Karikalan k Dr. M .Vakkil M.Phil(P/T) Assistant Professor ATTITUDE OF SECONDARY LEVEL TEACHERS TOWARDS CONTINUOUS AND COMPREHENSIVE EVALUATION METHOD INTRODUCTION Swami Vivekananda says‚ “Education should help in the appearance of the latent talents of the learner”. The National
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