OF SCALE 2 r r r r r r r r r r r r r r r r r r r r r r r r r rr ew concepts in microeconomics‚ if any‚ are more fundamental to business strategy than economies of scale and the closely related economies of scope. Economies of scale allow some firms to achieve a cost advantage over their rivals. Economies of scale are a key determinant of market structure and entry. Even the internal organization of a firm can be affected by the importance of realizing scale economies. We mostly think about
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Why has Ebay succeeded as an online auction marketplace while so many others have failed? eBay was one of the first online marketplaces on the world-wide web. It was created as an online auction website‚ but it has now became the largest online marketplace that exists. eBay’s success truly created a pricing revolution by allowing buyers to determine what they would pay for an item; the result pleases both sides because customers gain control and receive the best possible price while sellers make good
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Tammy Joiner CFS 157‚ 6:00 PM 2 May 2012 International Adoption Offers Advantages and Disadvantages In April of 2010‚ an American single mother‚ Torry Hansen‚ put her foreign-adopted seven-year-old son on a plane back to Moscow—alone. She cited psychological and behavior issues as the reason for such a drastic measure‚ “After giving my best to this child‚ I am sorry to say that for the safety of my family‚ friends‚ and myself‚ I no longer wish to parent this child‚” read the note accompanying
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After researching a clothes Iron on “All my life” and then researching a few more of the items on eBay I was very much surprised to see the difference in the descriptions of both items. In the All my life description of the item the seller made sure to use a subjective description. She gave details about the product and explained where the product had come from and how it had been made. At first I believed this to be a combination of both subjective and objective. She did try to explain why she
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to Know I Learned in Kindergarten‚ a collection of short essays by Robert Fulghum. Years ago when it topped the best seller list‚ it somehow passed me by (but not my wife‚ who must have brought it home). The first essay in the book stated Fulghum’s personal credo—what he really needed to know‚ he claimed to have learned in kindergarten. What is a physicist’s credo? What things does a physicist need to know? I thought it over and compiled a list‚ and here it is. Your priorities might
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Business Model: Amazon versus eBay A company’s business model is the activities it uses to create and capture value through its offerings to the market. Modelling helps firms develop business visions and strategies‚ redesign and align business operations‚ share knowledge about the business and its vision and ensure the acceptance of business decisions through committing stakeholders to the decisions made (Persson & Stirna ‚ 2001). Amazon and eBay both share space in the retail industry of e-retail
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first introduction in the 1980s. Since its humble beginnings as an uncommon‚ big and bulky device‚ the cell phone has now become an everyday item that is sleek and pocket-sized. The cell phone was conceptualized in 1947 when researchers realized that small cells‚ or ranges of service area‚ could be used to increase the traffic capacity of the basic mobile phone by a sufficient amount. It was not until 1973 though that Dr. Martin Cooper‚ who was a former general manger at Motorola made the first call
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What do you think is unethical? The countrywide approved everyone to get their loans‚ no matter they have jobs or not‚ no matter they have income or not‚ no matter they have assets or not. The criteria they use may be unethical. They don’t care whether the documents are valid‚ whether they can verify the income‚ whether the appraisal is any good. They just care about getting the loan closed‚ in order to do another loan. The underwriters/ contractors looked through the loan as quick as they can.
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The economies and diseconomies of scale Profit is the most important issue for a business‚ how to exploit the opportunities and maximize the profit has long been the top priority of the competition. Since the profit is simply the result by subtracting the expense from income‚ how to balance the relationship between input and output can be crucial and conclusive to a firm’s competitiveness and development. This essay will
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1) The Small-Scale Research Project (50%) The research project will be based on one focus film‚ making appropriate reference to at least two other related films. Candidates will define an area of investigation (through an approval process) that relates the chosen focus film to one of the following contexts: • (star/performer • (genre • (technology • (social‚ historical and/or political context • gender • ethnicity • (institution • (auteur (in its broadest
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