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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monthly rent)The works or the owners are usually with low skill and education level‚ time cost and money cost may increases when they go learning of how to serve using Octopus machines and networks. It’s possible. 2.Transaction quantities/ volumes Large transaction quantities each day with really low absolute amount earned for each transactions and low profit margin. Painful for them since Octopus charges handling charge for each transactions ) It’s possible. 3.Long term goal (over 5-10 years)
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Large schools are being built all over our country‚ but are large schools more effective than small schools? Although it has been said that small schools are better for students‚ the truth is that larger schools are a lot more effective because of opportunity and diversity. Larger schools can offer a very wide range of opportunities to their students. A high school in Illinois has "an enrollment of 3‚1oo students and a budget of $67 million"‚ allowing students to explore their intrest freely (Myers
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What is Leadership? The CEO’s Role in Large Complex Organizations Michael E. Porter & Nitin Nohria Article: June 2008 Focus: What is the role of the CEO in a large‚ complex enterprise? What makes a CEO effective? According to Porter and Nohria (2008)‚ a CEO is the epitome of leadership‚ who exercises ultimate power‚ and is responsible for making the most critical choices facing an organization. However‚ even though the CEO is powerful‚ multiple constituencies can exercise power as well‚ i.e. the
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High School Compare to that of a Large University Local high school and large university‚ those are completely two different institutions. No one can study at a university until he/she pass the high school. Since high school and university are two different institutions‚ they must have different cultures. First of all‚ the cultural differences of a local high school and a large university is their structure. Classes at a large university are often very large‚ with 100 or more students. The classes
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Manage Large Corporate Website Development A corporate site is produced and worked by a business or private association. A gathering of web designers helps in giving the association a flare and a position of perspective on the World Wide Web. The corporate site engineer and the web must be dependable to make most extreme use of the accessible offices. The corporate site advancement must keep business in the business sector and inside of the contending zone. Client ATTRACTION: The essential point
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advantages and disadvantages that large firms have over smaller firms and vice-versa‚ in the pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over 4 500 000 small
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Chocolate Milk Chocolate milk has become a large controversy in schools around the world. A lot of schools are considering banning it because of the sweetness that can cause weight gain in children that drink it. Even though it has been identified as having nutritional value‚ some still prefer to see it vanished in their schools. Some students are annoyed by this idea and are banning together to justify why the school should keep it. The school may have to consider an alternative solution for the
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Mechanical Problems of Large Grinding Mills. 11 6. Electrical Problems Caused by large Grinding Mills 12 7. Conclusion 13 7. References 14 Introduction In the mining industry grinding mills are used to crush mined ore. To take advantage of economies of scale‚ more ore needs to be processed in-order for the mine to be more profitable. To process the ore mining operations have adapted large grinding mill drives in the megawatt power range. The power consumption of the large drives has forced designers
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Cause-Related Marketing Pioneers: American Express Restore the Statue of Liberty Goutami Vallala Jasmine Zamora Xiaolin Zhao LIM College Dr. Guendoo MPSM603 Cause Marketing September 4‚ 2014 Objective and Target The objective of this campaign was to transform the usage of cards from a medium of mere purchasing things for an individual needs to a medium of way to do charity for a cause such as restoring the historic monument. Also‚ the efforts to support
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