Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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There are many social factors that can affect your performance‚ for example‚ A coach can affect your performance‚ every coach coaches in their own style and technique and some styles may benefit some performers more than others. Therefore‚ it is important to find a coach that works best for you.Finding a coach that suits you better could mean a huge improvement in your performance. Another social factor that can affect your performance are friends‚ friends can also affect your performance as you might
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Raising Your Child Preparing for parenthood and effective parenting If I had my child to raise all over again‚ I’d build self-esteem first‚ and the house later. I’d finger-paint more‚ and point the finger less. I would do less correcting and more connecting. I’d take my eyes off my watch‚ and watch with my eyes. I’d take more hikes and fly more kites. I’d stop playing serious‚ and seriously play. I would run through more fields and gaze at more stars. I’d do more hugging and less tugging
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Your Marketing Plan Marketing Management 01/31/2014 Executive summary. For the past 5 years FOODIES COMPANY has been striving to create a multiple Food stuffs flavors’ that appeal the test of time and is affordable to all human kind on the market. In doing this we have over the past five years made a small name for ourselves and the integral workings of our products. We are the only company with a special type of flavors based materials‚ and also resources that stands out above the others
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Management Theory You And Your Career Question 1: Motivation: Chapter 17‚ page Is Maslow’s hierarchy of needs useful to managers? Why? Response: Maslow’s Hierarchy of needs describes the building blocks where an individual can reach their highest and full potential to have an impact on themselves and the world around them. There are 4 key stages to achieve self-actualization that are incumbent upon one another. To answer the question‚ first we have to understand what are those 4 key stages‚
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MGT 371 Section 2 – Team 6 What is the impact of fluctuating demand on operations? Because of the way Barilla’s manufacturing process works‚ demand fluctuations have a significant impact on the company’s operations. Tight heat and humidity specifications in factory tunnel kilns require very specific sequences of pasta production‚ which means Barilla has limited flexibility in ramping up (or ramping down) the production of pastas experiencing unexpected demand levels. Furthermore‚ because of
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What are the factors affecting the Return of REITs? REITs unit holders are subject to similar risks as holders of other diversified asset portfolios. Some of the factors which affect returns on REITs are : 1.Demographics Demographics are the data that describes the composition of a population‚ such as age‚ race‚ gender‚ income‚ migration patterns and population growth. These statistics are an often overlooked but significant factor that affects how real estate is priced and what types of properties
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Talking to your mom and talking to your friends Every teen has their own secrets‚ which they might tell to either mom or friends. However‚ someone cannot tell it to his or her mom‚ because he or she very afraid to mom’s reaction to their secrets ‚ also they are might be shy. Therefore‚ a lot of teens prefer to tell it to their best friends more than to thier moms. Mother‚ who always helps‚ loves‚ believes‚ listens and gives a good advice to you‚ is one of the best people in the world‚ but
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220 20 September 2011 MIS: In Your Pocket 1) Efficiency; that’s the name of the game in today’s business world. Why would a business want to waste time trying to uncover some buried information when it can just pull it up with the click of a button? Many companies have answered this question by adapting to a more technological and modernized world. One company‚ whose name has become synonymous with technological advancements‚ is Apple. Their newest products‚ the iPad and the iPhone‚ have revolutionized
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Expanding Your Business A financial plan is a must for any business that wants to succeed; this is what turns goals into reality. The financial plan‚ or budget as it is also called‚ helps guide the day-to-day decision making of the business. Comparing forecast numbers to actual results‚ important information about the overall financial health‚ and overall efficiency of the business. (Scarborough‚ 2011) When it comes to creating a financial plan for my driving
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