scale (Technical and engineering factors) • Factor indivisibility Economies • Make full use of large equipments • Economies arising from increased dimensions • Larger dimensions. Container principle>>Doubling of area more than doubles the volume • linked process economies • Takes a product through several stages of production‚ saves transport cost • Specialisation and division of labour • less training‚ more efficient • by product economies • waste of one = input of another 2. managerial economies of
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The Human Resources Profession Map (HRPM) sets out the skills‚ activities‚ behaviours and knowledge (professional competence) which is essential for any successful HR role. The HRPM helps a HR professionals to assess which level they are currently working at‚ to think where they would like to progress‚ gives advice on what they need to do to get to their progress plan professional area or band and helps you reflex on what you have done. There are four bands in the HRPM bands one up to four
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Rebecca Buckmaster Lucia Farris ECO 201 August 22‚ 2013 Alan Greenspan’s Beliefs in the Free Market System Alan Greenspan‚ Chairman of the Federal Reserve‚ took part in a documentary about the downfall of the housing market in the United States. His confidence in the free markets‚ which only allows intervention from the Fed in dire economic times‚ being able to regulate themselves was unable to keep the economy growing. In contrast with this belief‚ his expansionary policy led to the
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Free market economy stimulates greater economy growth‚ whereas state-directed or command economy stifles growth. Discuss. An economy can be defined as the production of the nation in a period and consumption of goods and services. The two main systems of economy are free market economies and command economy. There are lots of arguments about which is better for the growth of nation’s economy. This essay is about both the two economic systems and how they impact the growth of economies‚ it will
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501 use and develop systems that promote communication Be able to address the range of communication requirements in own role 1.1 As manager of the service a large proportion of my working day is problem solving. I need to communicate effectively with colleagues‚ individuals that use the service‚ family and friends of those using the service‚ advocates and other external agencies i.e. residential managers‚ health professionals‚ social services. Daily handover gives all colleagues the opportunity
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Creating efficient frontiers using excel. Suppose we have 3 risky assets whose net return has the mean vector and variancecovariance matrix given below: Asset Mean VarianceCovariance Matrix 1 2 3 0.06 0.12 0.03 1 0.3 0.3 0.3 1 0.3 0.3 0.3 1 Weights Ones Mean Portfolio Return 1 1 1 0.176666122 Portfolio Portfolio Portfolio Variance STD Constraint 2.42961 1.558721 1 0.079372 1.603166 -0.68254 To model the portfolio choice problem‚ I begin by highlighting the mean vector and giving
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In this chapter you will learn to – •Explain the importance of good housekeeping for customers‚ employees and the hotel. •Learn housekeeping quality control •Discuss key positions within the department‚ their responsibilities and organization Efficient Management of Housekeeping: • Efficiently managed housekeeping departments ensure the cleanliness‚ maintenance and aesthetic appeal of lodging properties. • The housekeeping department not only prepares clean guest room on a timely basis for arriving
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Nick Reardon Dr. Brandon Gramer English 122-024RL Essay 2‚ Final Draft; 3‚596 Words; 13 May 2013 America’s Road Woes: The Free-Market Fix Among the most pervasive issues that continue to plague American society is deteriorating infrastructure standards. Once regarded as the hallmark of a financially stable nation‚ infrastructure construction and maintenance has recently experienced persistent periods of financial neglect.. Everything ranging from bridge inspections to waste management has shared
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Efficient Propeller Design | AbstractHow does a helicopter generate enough lift to fly? How does a speedboat get moving fast enough to pull someone on water skis? Here ’s a project on designing propellers to do the job. ObjectiveThe goal of this project is to investigate how changes in chord length affect the efficiency of propellers.IntroductionA propeller‚ like an airplane wing‚ is an airfoil: a curved surface that can generate lift when air moves over it. When air moves over the surface of
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home together. 1.2 Explain how to support effective communication within own job role We communicate as much or maybe more through body language as we do with words. This includes facial expressions‚ eye contact‚ our stance or movement of arms‚ hands and legs. E.g. Effective body communication could be an open body stance‚ focusing your eyes on the service user or individual. Whereas crossing your arms or legs‚ sideway glances could block effective communication. 1.3 Analyse the barriers
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