barrier to entry 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
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X 100 = 2.5745% 2.2956 g Variance of Ash: s2 = ∑ x2 – (∑x)2 n n-1 = 15.1142 g – (45.0174 g/3) = 0.0542 2 Standard Deviation of Ash: s= √s2 =√0.0542 =0.2328 DISCUSSION: Ash is the inorganic residue remaining after the water and organic matter have been removed by heating in the presence of oxidizing agents‚ which provides a measure of the total amount of minerals within a food
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Philippines in global map From WEF “Global Competitiveness report 2012-13”‚ key performance indices of Philippines in a global scale is analyzed below: [pic] 0.5% of world-wide GDP share implies Philippines is really an insignificant player in world economy in terms of economic output‚ and 95 millions population‚ about 1.5% of ~7 billion world population‚ means current productivity level is only one third of world average. This is a typical characteristic of developing Asian countries‚ i.e.‚ high population
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The stages of play Children discover and learn about their world through play. Play develops imagination and creativity‚ and gives children practice in the social skills they need in our world. Children do not play for reward or because someone told them to‚ they play because they like it. Children learn the skills of socializing with one another in social play. By playing with one another children will learn social rules such as waiting‚ taking turns‚ cooperation‚ and sharing. Children go through
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A product life cycle is comprised if the combined demand over an extended period of time for all brands including a product category. A product life cycle is composed of four different stages each with its own properties and characteristics. The four stages that compose the cycle are introduction‚ growth‚ maturity and decline. In the introduction stage‚ also known as the pioneer stage‚ a product is first launched into the market in a full-scale marketing programme. The marketing programme’s main
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writing about the economic cycle and the economic environment for McDonalds in this essay. For the economic cycle I will be saying about the factors that can affect the economic cycle such as GDP‚ interest rates‚ levels of employment and inflation is what causes the ups and downs of the economic cycle. I will also be talking about the economic environment and the factors of this such as employment‚ income‚ inflation‚ interest rates‚ productivity and wealth. The economic cycle it the natural fluctuation
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Law and Courts in Today’s Business Environment In today’s business environment there is no exact definition of law. Law is a set of rules‚ standards and principles that outlines the behavior we practice in business. The legal system is a major institution that assists us in defining acceptable social behavior. Laws limit the activities that are not in the best interest of the public. All people have different values and desire different things in life laws act as a way to dispute resolution. Laws
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The economy of Norway has undergone growth since 2009. The economy is doing relatively stable over a decade (2002-2012)1 i.e. low unemployment rate‚ steady growth‚ low inflation etc. even in the 2008 financial crisis‚ Norway was being hit lesser than other Europe country2. There are a few highlights regarding Norway’s economy performances. Strength | Challenges | * High GDP per capita * Mild and stable inflation * Increase in money supply * Reduction in unemployment | * Appreciation
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Japan Today Political Structure Although Japan is a small country in size‚ one cannot underestimate the power that Japan has in today ’s society. Japan is the world ’s second most powerful economic country in the nation behind the United States. Over the last several decades‚ Japan has emerged from a devastated and defeated country to a political democracy‚ which holds a powerful economic standing in the world. Japans government is mostly composed of one-party dominance. This party is known as
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Relationship Stages I have several relationships‚ friendships and boyfriends‚ over the years that started off great and for some reason or another ended. I have a clear account that I can recall taking me through every stage of relationships‚ as discussed in Chapter Ten‚ from the Interpersonal Communication Book. I dealt with the dying of relations with the same methods suggested in the text‚ such as seeking support and avoiding negative patterns. I will discuss some of these stages and how they
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