I/O Model The I/O (Industrial Organization) Model adopts an external perspective to explain that forces outside of the organization represent the dominate influences on a firm’s strategic actions and is based on the following four assumptions: The external Environment The general‚ industry‚ and competitive environments impose pressures and constraints on firms and determines strategies that will result in superior returns. (External Environment à Organization) Most firms competing in
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barriers to entry‚ product differentiation‚ diversification and the extent of competition in that industry. Along with these properties‚ the I/O Model for Above-Average Returns includes four underlying assumptions. The first is the pressure and constraints imposed by the external environment that decide what strategies are used to obtain above-average returns. The second is the resources used to aid in the implementation of this set of strategies are assumed to be mobile across the firm. Third‚ the
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Bing persuade Abi and‚ feeling there is nothing "genuine" worth purchasing‚ buys the ticket for Abi. The judges Wraith‚ Hope‚ Charity‚ and the public like Abi singing "Anyone Who Knows What Love Is"‚ however they state there is no space for a "Above Average Singer" and rather allow Abi to end up as a porn actress in a television show called "Wraith Babes". Subsequent to incitation from the judges and the public‚ Abi agree. Bing comes back to his room without Abi and any merits.
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any of the values 1-12 the bet is won and the return is $3.00. If the ball lands on any of the other values the bet is lost. a.) Compute the expected value of this game. (4 points) X 2 -1 P(x) 12/38 26/38 X*P(x) .631 -.684 -.053 The expected value is -.053. b.) Interpret this expected value. (4 points) This means that the casino wins 5.3 cents per game or the players lose 5.3 cents per game. c.) What is the average return to the casino from 1‚000‚000 such bets? (4 points)
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century - the Ricardian Model. The model shows that a country’s production and trade pattern is determined by comparative advantage‚ which is based on the differences in the productivity of labour. In reality‚ there are more factors that require to be taken account of‚ like labour‚ land‚ capital etc. Due to the differences in factor proportions‚ trade can be generated between countries of all kinds. To explain this we can use the Heckscher-Ohlin Model. HECKSCHER-OHLIN MODEL We will focus on the
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Low Fair Above average Excellent Criteria 0 1 2 3 4 Max Marks Identification of Malaysia’s economic system No identification of Malaysia’s economic system Incorrect identification of Malaysia’s economic system Correct and brief explanation on Malaysia’s economic system. Correct and clear explanation on Malaysia’s economic system. Correct and extensive explanation on Malaysia’s economic system. 10 Evaluation on Malaysia’s economic system. No evaluation on Malaysia’s economic system
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The Heckscher-Ohlin Model (Factor Proportions Model) The Factor Proportions Model Main point: Comparative advantage is determined by – Factor endowments of countries‚ together with – Factor intensities of industries Two differences drive trade in H-O Model 1. Countries differ in endowments of factors 2. Industries differ in factor intensities Two differences drive trade in H-O Model 1. Countries differ in endowments of factors – Labor – Capital – Land – Skill (Human
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“I Just Wanna Be Average" MIKE ROSE Mike Rose is anything but average: he has published poetry‚ scholarly research‚ a textbook‚ and two widely praised books on education in America. A professor in the School of Education at UCLA‚ Rose has won awards from the National Academy of Education‚ the National Council of Teachers of English‚ and the John Simon Guggenheim Memorial Foundation. Below you’ll read the story of how this highly successful teacher and writer started high school in the "vocational
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this industry adds importantly to the firm’s ability to be successful in other industries in which it may have business interests. As a general proposition‚ if an industry ~ overall profit prospects are above average‚ the industry can be considered attractive; if its profit prospects are below average‚ it is unattractive.
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placed in a vocational track (Rose 346). Students may also begin to think if the teacher‚ isn’t going to go out of their way to give additional help to the students that need it to succeed‚ than they shouldn’t bother to study. In the essay “I Just Wanna Be Average” by Mike Rose‚ he talks about his time spent in the vocational track and how he began to lose interest in all subjects and began to loath
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