1. Explain why people join interest groups and how they benefit from them through different incentives. According to the logic of collective action‚ if the contribution of an individual will make a difference to the effort‚ then it is worth it for the individual to join. People need an incentive‚ material or otherwise to participate. Interest groups use different types of incentives such as solidary incentive‚ material incentive‚ and purpose incentives. Solidarity incentives include companionship
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Published by Canadian Center of Science and Education Development Strategy for a Textile Firm Luu Trong Tuan1 1 University of Social Sciences and Humanities‚ Ho Chi Minh City‚ Vietnam Correspondence: Luu Trong Tuan‚ University of Social Sciences and Humanities‚ Ho Chi Minh City‚ Vietnam. E-mail: luutrongtuan@vnn.vn Received: September 26‚ 2011 doi:10.5539/jms.v2n2p136 Abstract The researched firm is a state-owned company of more than forty years of operation and is one of pioneer companies
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Why is it that a profit maximizing businessman would always raise prices when facing an inelastic demand curve but might or might not raise price when facing an elastic demand curve? Explain and justify your answers in detail. Elasticity and profit maximization behavior When facing an inelastic demand curve‚ a profit maximizing businessman would always raise price because increase in price will bring about increase in total revenue. On the other hand‚ when facing an elastic demand curve‚ he might
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Explain why the Conservatives were unpopular in 1906? (12 marks) A.J Balfour was an intelligent man yet lacked political skills causing him to make poorly judged decisions leading to a decrease in conservative’s votes. During the Boer War‚ 1898-1902‚ Balfour used Britain’s patriotism to help the Tories win the 1900 ‘Khati Election’. By doing this it allowed Britain to stay involved in the Boer war‚ not knowing that war would last 4 years and cost Britain over 210 million pounds. This highlighted
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West‚ not of the Indians primarily‚ and certainly not of the romantic West which the best-selling authors have exploited."(Page 154) This line comes from D’Arcy McNickle‚ the author of many short stories and poems based on understanding different cultures including the Native American culture. In one of his poems called "The Hawk Is Hungry"‚ McNickle tries to explain the difference in the rural and urban life‚ and the forces that control them. Born in the year 1904‚ D’Arcy McNickle grew up in the
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Fisher-Price Case Analysis Fisher-Price Toys‚ a producer of quality toys for preschool children has to make a decision on whether to introduce a new riding toy (ATV Explorer) to the market. The company is faced with the difficult situation of whether to price this product higher than the usual price for Fisher-Price products. The company was unsure that customers would be interested in the product at a higher than usual price. SWOT ANALYSIS Internal Strengths * Fisher –Price ranked 3rd
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S-GSM0039/09 ) Lee Yee Ling ( S-GSM0087/09 ) Questions Q 5. What would you expect to happen to spending on food at home and spending on food restaurants during a decline a decline in economic activity ? How would income elasticity of demand help explain these things ? Q ( Demand ) QS0 Superior QI1 QI0 Inferior QS1 Y1 Y0 Y ( Income ) During the decline in economy activity‚ the spending power will decrease which is similar as the decline in income
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Non-price Competition Non-price competition involves two major elements: product development and advertising. The major aims of product development are to produce a product that will sell well (i.e. one in high or potentially high demand) and that is different from rivals’ products (i.e. has a relatively inelastic demand due to lack of close substitutes). For shops or other firms providing a service‚ ‘product development’ takes the form of attempting to provide a service which is better than‚
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“Why do you want to work in this field” I want to work in this field because as a child‚ I was not given the best fertilizer to thrive in a classroom; being coddled and not being held to my fullest potential. I feel that it is my duty to prepare students for a lifetime of success through a well structured‚ fun‚ and friendly‚ environment. Through this environment‚ I hope that with my hard work‚ dedication‚ and help of my colleagues‚ the younger generation of tomorrow will have a pleasurable learning
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Management Information Systems MANAGING THE DIGITAL FIRM Chapter 3 Information Systems‚ Organizations‚ Management‚ and Strategy Kenneth C. Laudon Jane P. Laudon 9th edition PEARSON Prentice Hall 2006 www.prenhall.com/laudon Chapter 3 Objectives |After completing this chapter‚ you will be able to: | |Identify and describe
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