Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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by buying only the best quality coffee and providing an unmatched store experience. It was on new fad for specialty coffee‚ building for long-term success by acting on human-oriented principles that build a company “with soul”. In fact‚ the number one guiding principle in Starbucks’ mission statement was to “provide a great work environment and treat each other with respect and dignity.” and put “people first and profits last.” Starbucks paid more than the going wage in the restaurant and retail
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Multinational business relies on its imports and exports around the world. Factories may be set up in different areas of the world and have their business based on the import and export of raw materials‚ which is what is done by most of them. Developing countries can gain more from multinationals since they help increase labor and its opportunities‚ which then means that the average income of a person will increase allowing them to spend more and lead a better life-style‚ which helps the tax bases
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- Sources of Energy You Are the Energy EXPERT! We are very familiar with the different forms of energy‚ namely kinetic energy‚ gravitational potential energy‚ elastic potential energy‚ electrical energy‚ heat energy‚ sound energy‚ and even nuclear energy. However‚ there are other forms of energy that we can tap on. Do you know any? The Task You are to organise yourselves into groups‚ with five experts in each group. Expert 1: Geothermal energy Expert 2: Biofuels and Fossil fuels Expert
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Disadvantages and Advantages of global language To start we need to define global language. Global language is the language spoken internationally that many people learn as a second language. There are many different advantages and disadvantages of global language. Some of the advantages are: • Another language added to many people’s vocabulary. • Communication becomes easier because people may communicate with this global language. • Global language is used in business and worldwide
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TO BE FILLED IN BY THE HOTEL Requirements: GENERAL INFORMATION + minimum of 12 images (350dpi in resolution) Hotel Name: Street Address: Street Address1: City: Pin code: Phone Number: CONTACT INFORMATION (This number has to be that of a person who is aware of their link-up with Travelguru‚ and will be used by the content team to call for more information on hotel facilities etc. if required) Contact Name:
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Write a 250-word response to each of the following questions: What are the advantages and disadvantages of social media? How might knowing these advantages and disadvantages alter how a person might use social media? One advantage of social media is the ability to stay connected to friends and family‚ especially those you may not see often. You can share photos and even host events which you can invite your friends to. Social media is also a good way to meet new friends and share interests with
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What are the advantages and disadvantages of representative democracy? Representative democracy is where the public people vote for and elect a person (called an MP‚ Member or Parliament) to portray and voice the opinions of the area the MP was elected in. They will take the views of their constituency on board when speaking in the House of Commons. A country which uses this is the United Kingdom. One of the advantages of representative democracy is that even with over 60 million people in the
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TECHNOLOGY: Dota and Facebook (Advantages and Disadvantages) DOTA Advantages 1. Dota helps the youth who are playing this game to become mentally alert‚ cooperative‚ and strategic. 2. It increases their knowledge in mathematics by computing the gold’s‚ damages‚ magic and physical reduction present in the game. 3. Playing DOTA are for the youth to communicate teenagers who initially don’t know each other can easily be friends. DOTA Disadvantages 1. It can lead to irresponsibility. 2. It triggers
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especially if it’s from cosmetic roof‚ just to show their beauty to men‚ which will lead to more offender and raped cases. Secondly‚ you can sit comfortably with your family and suddenly the telephone ring‚ it’s just a company trying to convince you to buy one of their products. It is a real example of advertising. Lastly‚ sometimes you do not have the financial ability to buy something‚ but with these new methods of advertising‚ you will run to buy it‚ which will affect your budget. On the other hand
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