Economies of Scale * This is the cost advantage that a business obtains due to expansion. * That is the factor that cause the average cost of producing a product to fall‚ as output of the product rises as explained in the ‘Dictionary of Economics’. * By achieving economies of scale‚ a company would have the cost advantage over its existing and new rivals. * Further‚ the company could achieve lower long run average cost (i.e. productive efficiency). But if technology changes‚ this
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"Arrow of Time" KC Cole “Disorder‚ alas‚ is the natural order of things in the universe”‚ Cole’s way of describing entropy in her life. In The Arrow of time K.C Cole uses personal experiences to involve the reader into the matter of entropy. Cole’s uses entropy to portray how things are moving onward and we can’t go back. When something is done it can’t be easily undone‚ but it can be fixed. Cole uses a lot of everyday lifestyle issues‚ such as “After all‚ what was the point of spending half
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Kellogg’s Special K: Cinnamon Pecan Marketing aims: • To satisfy our customers with a delicious but healthy product that provides nutritious sustained energy all morning. • Promote Kelloggs Special K as a healthy breakfast option compared to other breakfast cereals. We aim to increase the profit by 5% by the end of 2014. • Use resources to sponsor activities and run physical activity focused community programmes for its consumers and the public in general • Increase the association between
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Economies of scale are the factors that lead to a reduction in average costs as a business increases in size. There are five economies of scale Purchasing Economies When businesses buy large numbers of components‚ for example materials or spare parts‚ they are able to gain discounts for buying in bulk. This reduces the unit cost of each item bought and gives the firm an advantage over smaller businesses which buy in small quantities. Marketing Economies
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SMALL SCALE INDUSTRY INTRODUCTION The definition for small-scale industrial undertakings has changed over time. Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries. An
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The Brothers K by David James Duncan Theme Statements: 1. The Brothers K represents the concept of social interaction between people‚ whom have very different belief systems. 2. The novel‚ The Brothers K‚ enables the reader to understand a child’s idolization of a given sport‚ in this case‚ baseball. 3. The novel represents the world and its inhabitants on a minuscule level‚ by conveying the differences between the characters and how they act towards one another. Quotes: Quote
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THE LAWS OF RETURN TO SCALE The laws of return to scale explain the behavior of output in response to a proportional and simultaneous change in input. Increase in inputs proportionately and simultaneously is in fact expansion of the scale of production. Statement: “As a firm in the long run increases the quantities of all factors employed‚ other things being equal‚ the output may rise initially at a more rapid rate than the rise of increase in inputs‚ then output may increase in the same proportion
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The pH Scale is a scale made to show how acidic or alkaline a substance is. The pH of something is measured with pH paper which can vary from wide range paper‚ which covers all ph’s‚ but is not as accurate at some others. There are pH papers that get very specific that can have a range such as 2 or 3 and get much more precise. The neutral on the scale is 7. Anything that is below 7 is considered acidic and anything above 7 is considered alkaline. Acidic substances contain more H+ than OH-. H+
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be a winner” (Cole 357). To truly be great‚ it takes dedication‚ and sacrifice. Cole voices his perseverance to play the game he loves more than anything else. This drive and determination‚ though not always welcome‚ was fundamental in the development of him becoming one of the world’s best footballers. My Defence‚ is an autobiography written by Ashley Cole‚ himself‚ outlining the ups and downs that many athletes endure throughout their careers. At the young age of nine‚ Cole is recruited by
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In the article “Seeing Things”‚ the author called Cole‚ professor of journalism at University of South California‚ claims that what we perceive from our surrounding world is not always accurate. To clarify‚ human eyes cannot counter to any electromagnetic vibrations; they respond only to electromagnetic waves between 0.00007 and 0.00004 of a centimeter long (Cole‚2002). I‚ totally‚ agree with that because there are some matters that we can absorb by our human eyes. Bacteria‚ for example‚ are too
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