Strengths * Cost advantage * Asset leverage * Effective communication * High R&D * Innovation * Online growth * Loyal customers * Market share leadership * Strong management team * Strong brand equity Weaknesses * Bad communication * Diseconomies to scale * Over leveraged fiancial position * Low R&D * Low market share * No online presence * Not innovative * Not diversified * Poor supply chain * Weak management team Opportunities * Acquisitions * Asset leverage * Financial markets (raise money
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capacity‚ through the implementation of either new in-house developed conching technology or existing conventional conching technology. Other issues that need to be addressed by BCF management include decisions about the timing of capacity change‚ the scale of capacity increase‚ and evaluating the feasibility‚ acceptability and vulnerability factors associated with the proposed process technology options. In addition‚ another issue requiring BCF consideration includes the effects of competitor behaviour
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with the amount produced. AFC AVC ATC MC MC = Change in Total Cost/Change in Quantity ATC = Total Costs/Quantity AVC= Variable Costs/Quantity AFC= Fixed Costs/Quantity Long-Run ATC: Economies Of Scale Constant Returns To Scale Diseconomies of Scale ATC II. PERFECT COMPETITION: Characteristics: Many Small Firms Identical Products (Perfect Substitutes) Easy for firms to enter and exit the industry Seller has no need to advertise Firms are
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loyalty. b. economies of scale. c. absolute cost advantages. d. economies of scope. e. technological know-how. 2. The threat from new entrants is greatest in the ____ stage of the industry life cycle. a. embryonic b. growth c. shakeout d. maturity e. decline 3. The experience curve refers to the a. learning by doing technique. b. company’s overall experience in a particular industry. c. systematic lowering of the cost structure and unit cost reductions. d. diseconomies of scale caused by inexperienced
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scope of Managerial Economics is limited and not so wide as that of Economics Diff btw Economic of scope and scale 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
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variable costs and total cost). Also that accounting focuses on explicit cost and revenue; while economics focuses on both explicit and implicit cost and revenues. The topics that I struggled with are the understanding of economies of scale‚ diseconomies of scale and understand the shape or the different reasons that would make the curve shift. The topics relate to my field because in the healthcare industry‚ the company has to be productive in order to stay afloat and they are constantly looking
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are short-term. Alternative 2: Acquire some international companies. Advantages: increase in market share and production capacity; company will outperform not only its foreign competitors but also domestic steel companies. Disadvantages: diseconomies of scale if business becomes too large‚ which leads to higher unit costs. I recommend alternative 2. Company will improve its position in the global market and expand its market share. Nucor has financial ant technological capabilities to align its
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can be found: Economies of scale: Companies with global market would be able to gain an advantage in production economies of scale since the level of production is relatively high compare to just targeting a specific market. Buying and negotiation power in everything from raw materials to advertising would also increase due to the higher budget and spending. For companies which do not have a unique advantage on their product‚ the advantage of economies of scales becomes even more important as
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CLICK TO DOWNLOAD ECO 550 Midterm Exam 1) For studying demand relationships for a proposed new product that no one has ever used before‚ what would be the best method to use? 2) The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading‚ coincident or lagging indicators is known as: 3) If two alternative economic models are offered‚ other things equal‚ we would 4) Smoothing techniques are a form of ____ techniques which
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Economics Half-Yearly Notes PRELIMINARY TOPIC ONE: INTRODUCTION TO ECONOMICS The Nature of Economics * Economic problem: wants‚ resources‚ scarcity Relatively unlimited wants Relatively limited resources Scarcity → need for choice Economic systems: * traditional * command * market * mixed Three basic economic problems: WHAT/ HOW MUCH g + s should be produced? HOW should the g + s be produced? FOR WHOM should g + s be produced? * Economic problem: how
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