3. How do the entry and exit of firms in a purely competitive industry affect resource flows and long‐run profits and losses? LO3 Answer: Entry and exit help to improve resource allocation. Firms that exit an industry due to low profits release their resources to be used more profitably in other industries. Firms that enter an industry chasing higher profits bring with them resources that were less profitably used in other industries. Both processes increase allocative efficiency. In the long
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“Hybrid theory” What is colonialism? Slavery & subordination The roman concept of “Colonia” The colonial Rationale The “Other” as uncivilized Colonial power as superior Subaltern consciousness/ culture is misguided/inferior Colonial power as a civilizing force Subaltern: the “OTHER” Colonial and imperial rule was legitimized by anthropological theories which increasingly portrayed the peoples of the colonized world as inferior‚ feminine‚ childlike‚ incapable of looking after themselves
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Strategic/Industry Qs Q. What are the major disruptive trends that are shaping the in-car entertainment market? A. Mobile devices and online services have become an integral component of ICE‚ bringing unparalleled access to content and greatly enhancing the user experience. Q. Please share an overview of Pioneer car audio product roadmap and strategy for 2016. A. Building upon the four pillars of entertainment‚ connectivity‚ quality and convenience‚ we have lined up an end-to-end suite of ICE products
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Evaluate the opportunities and threats in the external environment facing the car industry in the UK There are many factors that affect the UK car industry. Some are internal factors and controlled by the manufacturer‚ others are external and cannot be controlled. Some external factors pose threats to the car industry and others present opportunities for manufacturers to adapt their cars to overcome a threat and create a unique solution that encourages the consumer to buy their product. The income
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effecting the hotel industry. The recession has a large impact on the hotel industry as this means fewer people have disposable income; therefore staying in hotels for leisure purposes are becoming less popular. Lewis. J Uncontrollable variables that affect the hospitality industry. Available from: http://smallbusiness.chron.com/uncontrollable-variables-affect-hospitality-industry-38795.html [Accessed 09 October 2013] Another economic factor to effect the hotel industry is the tax increase
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the car industry. As the Japanese gained market share in America‚ U.S. car makers required the Japanese to self-impose quotas on cars exported to the United States. This encouraged Japanese firms not only to establish their plants in the United States but also to build bigger and more luxurious cars to compete against the higher-priced U.S. cars- and the expensive European cars such as the Mercedes and the BMW. One such Japanese car is the Lexus‚ by Toyota. This car is aimed at customers who
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is one product that any household has to have at least one. It is a car. In fact‚ cars have played an extremely important role in American society. A car wasn’t invented like other machinery‚ but it was the accumulation of many levels of invention and a combination of many scientific discoveries. Cars’ origin was in Europe by the French and the German and Paris and named by the Paris Academy of Sciences. But automobile industry brilliantly grew in America‚ and Henry Ford with “the Model T and assembly
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production industries‚ such as manufacturing and mining. However‚ there has been an increasing interest in the environmental effects of the service industry (Goedkoop‚ van Halen‚ te Riele‚ & Rommens‚ 1998). And this industry comprises a variety of activities‚ from restaurants to hospitals to financial institutions. The service industry merits its attention because of its large size and consequently the potential for environmental impacts (both negative and positive). And one of the service industries that
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MACRO AND MICRO FACTORS AFFECTING THE STEEL INDUSTRY (TATA STEEL) The world GDP‚ as reported by International Monetary Fund‚ was on an upturn‚ growing by 5% in 2010 as compared to a negative growth of 0.5% in 2009. While the growth in the advanced economies was 3.0% in 2010‚in contrast to -3.4% in 2009‚ the emerging and developing economies grew by 7.3% in 2010 when compared to the growth of 2.7% in 2009. The growth in the developing and emerging economies slowed down during the end of 2010
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these animals do exist and there are many other combinations of animals. A hybrid animal is the offspring of two different species or populations (Wikipedia). There are already hybrid animals in existence that occur in nature and some that are being created by science. In this paper‚ some examples‚ characteristics‚ problems‚ and ethical considerations of hybrid animals will be discussed. There are many types of hybrid animals in existence today. The liger has recently become popular due to the
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