in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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The Value of Networking in Small Business Accounting Accountants have long faced the same dilemma faced by any professional who runs his or her own practice – should one expand one’s practice to attain a higher level of service and compensation or should one focus on running a “small” practice and reaping the fruits thereof? For many accountants‚ it may well seem as if the choice has already been made. As larger corporations have a tendency to turn toward big name accounting firms to handle
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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Content Introduction | 3 | Chapter 1. The value of crediting small and medium business in the Republic of Kazakhstan | 5 | Chapter 2. Analysis of credit activity of “Alliance Bank” | 12 | Chapter 3. The ways of development of crediting of Small and medium business in the RK | 21 | Conclusion | 32 | List of references | 34 | INTRODUCTION Small business is an important sector of the State economy. Small business promotes skills of private entrepreneurship development‚ creates
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Diseconomies of scale A more precise definition is that long run average costs per unit rises with an increase in output.This can b shown in the diagram below: [pic] The rising part of the Long Run Average curve illustrates the effect of diseconomies of scale. Beyond Q1 (ideal firm size)‚ additional production will increase per unit costs. Diseconomies of scale are rarer than economies of scale and they are often offset by economies of scale that exist in the same business. This can make it
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COMPLIANCE OF LOCAL AUTHORITY TAX BY SMALL AND MEDIUM ENTERPRISES (SMES) IN NAIROBI (Case of Single Business Permit within Kasarani Constituency) By CAMERON KAGEHA KMU/EMBA/550/2002 ABSTRACT For decades‚ tax researchers have investigated why some people pay taxes and others do not. Through experiments‚ random surveys‚ and available tax databases‚ researchers have identified characteristics of noncompliant taxpayers and
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AN EVALUATION OF THE BUSINESS AND FINANCIAL PERFORMANCE OF A BUSINESS ORGANIZATION IN NIGERIA BETWEEN 2008 AND 2010: A RESEARCH ANALYSIS OF FIRST BANK OF NIGERIA PLC 1. INTRODUCTION In analyzing the management and financial performance of a Nigerian company- First Bank of Nigeria Plc‚ in the last three years covering year 2008 to 2010‚ this analysis intend to give a brief overview of the Nigerian economy during the period and with a focus on the banking sector generally but zeroed
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CMR Enterprises The budding entrepreneur Sam Marcus along with investor Mr. Walter saw the potential of dynamic growth in Mike’s cabinet making company and purchased a small 25 year old cabinet-making company from its founder 2 year earlier. The company competed in basically two segments‚ commercial and residential construction markets. Sam envisioned the company to grow to 70 Million in sales by 2007. Though commercial market offered the growth opportunity‚ the operating cycles were rigid because
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UNIVERSITY OF NIGERIA SCHOOL OF ARTS AND SOCIAL SCIENCES COURSE CODE: ENG 454 COURSE TITLE: MULTI LINGUALISM COURSE GUIDE ENG 454 MULTI LINGUALISM Course Team Dr. Taiwo Abioye (Course Developer/Writer) – Covenant University Prof. Kunle Adeniran (Course Editor) – University of Ibadan Dr. I. Omolara Daniel (Programme Leader) – NOUN Mr. Theodore O. Iyere (Course Coordinator) – NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA ENG 454 National Open University of Nigeria Headquarters
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ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past decade
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