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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Describe the Advantages and Disadvantages of using Referendums in the UK? (25 marks) A referendum is a vote given to the public which is determined by the government‚ and is used to help answer an important political or constitutional question to which the public must vote a simple ‘yes’ or ‘no’. One advantage of using referendums in the UK is that they enable the public that are over 18 to approve or disprove important constitutional changes. An example of a one being used for this purpose is
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The advantages and disadvantages of living in the country Living in the countryside has a lot of advantages‚ but also many disadvantages. As the advantage we can consider the fact that the country is less polluted and the traffic isn’t so heavy. You are fit and you don’t need to worry about your health condition‚ because in the countryside the air and water are so clean. In the country there are many plant species. There aren’t any huge blocks of flats‚ modern skyscrapers or bothersome traffic
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of crime isn’t so big. There aren’t so many people and they usually know each other well. They have more friends in the community since it is small. The possibility of robbery or other crime is relatively lower. Life in the village is more peaceful and the life is also slower. The villagers earn money very hard and earn money enough for live. So they live less competition with each other. So they can reach a good position. What is more‚ it is less stressful. There isn’t any time pressure and the traffic
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accurate‚ consistent‚ and efficient manner. Most MISs are organized along the function lines of an organization. Typical functional management information systems include financial‚ manufacturing‚ marketing‚ human resources and other specialized systems. Each system is composed of inputs‚ processing subsystems‚ and outputs. Helpfulness of MIS to Air Asia (Online reservation system) Online reservation system is helping Air Asia to reduce cost‚ employees and time. Air Asia use online reservation system
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Discuss in depth the advantages and disadvantages of online pharmacies. What ethical dilemmas do they pose? Would you consider purchasing medication from an online pharmacy? Internet pharmacies have been one of the fastest growing sections of pharmaceutical over last few years‚ through mixture of lower cost for customer and with the lower operating costs. There is growing concern as well with the growth of online pharmacy and few people called for tighter regulations to be placed on the online
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separated husband‚ Franklin. The advantages of the epistolary novel are that the reader is privy to the private thoughts and feelings of the character-writer; everything – the plot‚ the setting‚ other characters and any theme that the author intends – is depicted from their perspective. This can also be a disadvantage in that omniscient or objective knowledge of the events cannot be derived‚ however‚ as long as the reader is encouraged to read on‚ it is an advantage and success. The plot of a traditional
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for why this birthing method is used. Also a question that many women have is whether or not they can vaginally deliver after a cesarean delivery‚ as well as the risks and benefits if it. Delivering a child by a c-section also has a few advantages and disadvantages for both the mother and child; this will also be discussed in more depth a bit later. Unlike vaginal birth delivery‚ the process of a cesarean delivery is quite different‚ but just as safe as giving vaginal birth (Taylor‚ 1). When delivering
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it must have a share capital of 38‚092‚ issued share capital must be paid in money worth 25% of the issued share capital There are also companies without share capital‚ these are called companies limited by guarantee S5 (2) b Companies Act 1963. Each member undertakes to pay a fixes amount‚ to the company in a wound-up situation. Winding up is the process leading to a company’s dissolution and legal death. The company will look to its guarantee fund. A guarantee company is considered unsuitable
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Advantages and Disadvantages In the early days there were slaves so it ruined the percentage vote‚ (larger percentage in Virginia messed up the result). Most electors are nobodies because the Constitution prohibits them from being senators or representatives. Many people feel their vote is meaningless because they live in a politically homogenous state. Although there are some big disadvantages to having the electoral college‚ there are also big advantages to keeping the electoral college. The first
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