Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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1. 2. Basics Limited-service hotels usually have the lowest operating costs of the three hotel categories‚ due to their lack of extras. Room rates are typically lower‚ because these hotels cater to budget-conscious travelers. Full-service hotels often need a larger staff and larger facilities to accommodate guests who require more luxurious amenities. In the United States‚ no official rules exist as to what defines a limited-service hotel and what defines a full-service hotel; hotels can advertise
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TABLE OF CONTENTS Page TITLE PAGE i TABLE OF CONTENTS ii CHAPTER I. THE PROBLEM AND ITS SCOPE 1 Introduction 1 Scope and Limitation of the Study 2 Statement of the Problem 2 Research Methodology 3 Definition of Term CHAPTER I THE PROBLEM AND ITS SCOPE Introduction Marine radars provides bearing and distance of ships and land targets in vicinity from own ship (radar scanner) for collision avoidance and
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Issues That Influence an Organizational Structure by Company A company’s organizational structure can determine its success or failure upon entry into the market. The decisions a small-business owner makes in choosing management and employee roles within the company help determine the organizational structure and can have a large influence on the culture within the business. If structure doesn’t reflect the owner’s business goals‚ employees may have a hard time working successfully for the company
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CHAPTER ONE 1.0 Introduction 1.1 Background Considering how important it is these days‚ it is impossible to imagine life without the internet. However commercial activity on the internet is not as old as most users may believe. The internet was developed over 34 years ago as a project in the United States Department of Defense Advance Research Project Agency (DARPA).The original aim of this project was to investigate the possibility of connecting several computers together to communicate
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How Do Different Factors Affect Osmosis Aim: To discover The Different factors that affect osmosis. Factors that affects the rate of osmosis in a potato: * Time * Temperature * Molar * Sucrose solution * NaCl solution * Concentration of liquid * Age of the potato * Variety of the potato * Potassium‚ K(AQ) Factor Chosen: Different Molar of Sucrose Solution In this investigation I will change the molar of sucrose solution to find the increase or decrease
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966 Tesco Tesco Leading UK supermarket group‚ Tesco‚ can serve millions of Internet customers with home deliveries from its of its stores. In doing this it is not alone – its main rivals‚ ASDA and Sainsbury’s‚ also offer home deliveries driven by orders over the Internet. Tesco also runs an on-line bookshop. These are recent developments which have been facilitated by the power and potential of information technology (IT). Price cutting‚ an important competitive strategy in retailing‚ does
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COMMON FACTORS THAT AFFECTS THE ACADEMIC PERFORMANCE ------------------------------------------------- OF FILIPINO COLLEGE STUDENTS IN THE PHILIPPINES FROM YEAR 2000-2010 ------------------------------------------------- A Term Paper Presented to: Mr. Albert Abad Braga ------------------------------------------------- Mindanao Polytechnic College ------------------------------------------------- In Partial Fulfillment Of The Requirements For -------------------------------------------------
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by Don Berg‚ Founder Attitutor Services | The definition of education guiding mainstream schools today is that education is the delivery of knowledge‚ skills‚ and information from teachers to students. While the above metaphor—education as a delivery system—sounds reasonable‚ it misses what is most important about education. This mistaken idea of what true education is and how it can be achieved is the root problem in mainstream education today. This conception of education contributes to harming
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1. INTRODUCTION All developing nations are aware of the fact that learning a foreign language is of vital importance in order to adopt the latest scientific and technological innovations in the word; and are determined to establish a system in which while evaluating the human resources available in their countries‚ those who have a good command a foreign language have great advantage over the ones who do not. Undoubtedly‚ English has become a world language rather than the language of only
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