in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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1 9/7/2012 English 101 On a scale from 1 to 10 "The Pain Scale" by Eula Biss is a very controversial and interesting piece of writing in which Bliss attempts to determine a scale to measure her pain. However‚ the writer begins to realize that the duty of associating pain with a number and measurement is much harder than it appears due to the fact that she is unsure what it truly means to "measure things". The practice of giving pain a set of numbers was introduced by the hospice
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Assignment Module: C Programming Language Learning Units: a) Introduction to C language b) Operators and basic types c) Control flow 1. Write a Program to input three positive integers representing the sides of a triangle and determine whether they form a valid triangle or not. 2. To round off a floating point number to the nearest integer‚ one adds 0.5 to the number and truncates it to an integer. Using this knowledge‚ try to figure out how to round a floating point number to the nearest tenth‚
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Situational Leadership in Hospitality If one look at the nature of the hospitality industry‚ it is serviced-base‚ it is labor-intensive‚ it is renowned for its high staff turnover and labor diversity in term of age‚ culture‚ and background; one may conclude that the industry is all about people. When people become the most valuable asset of an organization‚ simply managing them is no longer sufficient to compete in today’s challenging business world. Leadership has become the new key operative word
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Economies of Scale * This is the cost advantage that a business obtains due to expansion. * That is the factor that cause the average cost of producing a product to fall‚ as output of the product rises as explained in the ‘Dictionary of Economics’. * By achieving economies of scale‚ a company would have the cost advantage over its existing and new rivals. * Further‚ the company could achieve lower long run average cost (i.e. productive efficiency). But if technology changes‚ this
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Hospitality Management 18 (1999) 427}442 Operational issues and trends in the hospitality industry Peter Jones School of Management Studies for the Service Sector‚ University of Surrey‚ Guildford‚ Surrey‚ UK Abstract This article makes some predictions about the future by considering operational issues in the "rst part of the next century. Hospitality operations management is considered at two levels * the "rm level at which strategic operations management takes place; and the unit level
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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CIA III Psychological Measurement and Statistics Likert Scale: A Critical Analysis By‚ Mahika Sharma Likert Scale: A Critical Analysis Introduction The Likert Format arises from the scale for measuring attitudes (Kaplan‚ & Saccuzzo‚ 2001)‚ the first of which was originated in 1932 by Rensis Likert (Edmondson‚ 2005). The rationale behind development of the Likert Scale by Rensis Likert was to measure psychological attitudes in a “scientific” way in 1932 and later in 1934 to expand upon the scaling
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Human Sexuality 21 Professor Lanoix December 4‚ 2012 Pros and Cons of the Kinsey’s Scale Sex was such a horrible topic to talk about‚ but a biologist of Indiana University introduced a scale that broke the silence. The silence changed due to this biologist named Alfred C. Kinsey (1894-1956). Kinsey broke the silence because before the scale everyone would keep their sexual orientation to themselves and most likely did not tell anyone. In other words‚ he was a great influence to people because
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differences between the Stanford Binet Intelligence Scale and the Wechsler Intelligence Scale. Intelligence: According to the Oxford Dictionary in psychology terms intelligence is the general mental ability involved in calculating‚ reasoning‚ perceiving relationships and analogies. It is also the ability to learning quickly‚ storing and retrieving information‚ using language fluently and adjusting to new situations. Stanford -Binet Intelligence Scale In 1857-1911 Alfred Binet invented the method
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