Objective: By the end of the lesson‚ leaner should be able to; 2.1 Explain how electronic transactions can reduce paperwork and delay(advantages ). 2.2 Examine how EDI has developed and laid the foundations for b2b e-business. 2.3 Evaluate the use of different Electronic Payment Systems. 1 Electronic Transactions Bringing this concept into perspective by answering the question. What is Electronic Transactions? (Class discussion). An act of buying or selling something or sending money electronically
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1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
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Reyes Haircutters Company Situational Analysis Founded and established in 1991 by Les Reyes‚ Reyes Haircutters started with only three company-owned salons. Now‚ having gone ahead of its competitors in myriad ways through franchising‚ Reyes Haircutters grew to more than 200 branches nationwide with one in London‚ U.K. in less than eight years and soon to open in Doha‚ Qatar and in United States. Earning recognition throughout the years through not only in various consumer award giving bodies‚ but
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www.economicshelp.org Micro Economic Essays Market Structure 1. Discuss how firms within an oligopolistic market compete. 2. Discuss whether monopoly is always an undesirable form of market structure. 3. Explain how interdependence and uncertainty affect the behaviour of firms in Oligopolistic markets 4. Evaluate the view that only producers‚ and not consumers‚ benefit when oligopolistic firms collude to try to reduce the uncertainty they experience. 5. Explain why contestable markets
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In the article; Rough Justice by Alejandro Reyes the Author used a neutral writing to both support Singapore’s idea of personal responsibility and the American values of law and orders from the individual.The Author was sure to build each claim with a supporting structured claim to support the first or in this case argue the claim. An example of these structures statements is found in paragraph five where the Author states a quote from Singapore leader Lee Kuan Yew ; “the U.S does not restrain or
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BAUHAUS Influences of the style The Bauhaus style is a very sleek and modern-looking design. It is greatly influenced by geometric shapes such as rectangles‚ squares‚ triangles‚ etc. It mainly uses black and white with flashes of bright colours‚ especially red‚ yellow and blue. The Bauhaus style focuses on a unique and modern style using straight edges and smooth‚ slim forms. The term Bauhaus comes from the art school in Germany founded in 1919 by Walter Gropius‚ where this type of style and design
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Arts 1301 - Art Appreciation Haya Hachem 1110239 Instructor: Caroline Attie‚ PHD Art Critique Assignment 1: Part 2: Interpretation & Judgement Title: Landscape with Butterflies Artist: Salvador Domingo Felipe Jacinto Dali Medium: Oil on canvas Dimensions: 35 x 40 cm Date: 1956 Location: Private collection INTERPRETATION: Looking at this painting for the first time‚ you literally see a ‘Landscape with Butterflies’. The setting is in a desert on a hot summer’s day with clear blue skies‚ and
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services” (Tracy)1. These businesspeople help build our economy by creating jobs‚ increasing productivity and partnering with other firms to help reach success. Entrepreneurship is so crucial to society because “it’s the entrepreneurs who serve as the spark plug in the economy’s engine‚ activating and stimulating all economic activity…” (Tracy)1. Entrepreneurial firms highly impact the economy by creating jobs‚ which is essential in fueling our economy. When an entrepreneur begins to expand their
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Vanessa Reyes Preciado Personal Statement Many often complain that the low salary for teaching makes it an unsuitable career option. But in my opinion‚ teachers work because they care more about their kids and the impact they hope to have on their lives than they do about the money. It is a teacher’s responsibility to teach children on new subjects in a way that is helpful and clear to all of the students while also acting as a positive role model for them. Teachers also have to handle a wide range
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interchangeably. Whenever the growth rate of a firm’s cash flows is projected to vary over time‚ the term discount rate generally refers to the factor used to convert the projected cash flows to present values. In contrast‚ if the cash flows of the firm are not expected to grow or are expected to grow at a constant rate indefinitely‚ the discount rate employed by practitioners is often referred as the capitalization rate. 10.2 What are the common ways of estimating the capitalization rate? Answer:
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