Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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A PROJECT PROPOSAL ON DEVELOPMENT OF AN AUTOMATED INVENTORY CONTROL SYSTEM FOR SMALL AND MEDIUM SIZE ENTERPRISES BY OLUMEKUN OLUBANJO (2006/0136) TO BE SUPERVISED BY MISS RAJI MR. OLANIYI SUBMITTED TO THE DEPARTMENT OF INFORMATION TECHNOLOGY‚ COLLEGE OF INFORMATION AND COMMUNICATION TECHNOLOGY‚ BELLS UNIVERSITY OF TECHNOLOGY‚ OTA‚ OGUN STATE. IN PARTIAL FULFILMENT FOR THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF BACHELOR OF TECHNOLOGY (B.TECH) IN INFORMATION TECHNOLOGY. January
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warfare in cyberspace‚ has been introduced as both an effective offense and defense towards modern warfare. Presently many countries have developed a policy towards cyber-warfare. The US‚ although a strong influence to the world‚ has yet to step up and create an effective policy towards warfare. One that should state what the military would do to respond to a cyber-attack‚ what defines a cyber-attack and what the government will do to take effective measures against a catastrophic attack. Along with that
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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America’s policies and ideas differed drastically from every single era and a very apparent example of the evolving differences can be seen through the treatment of Indians. America’s policies toward Indians beginning in the Washington administration starting in 1789 were much more lenient and tolerant of the Indians in comparison to the administrations later in the mid 1800s. The differences in policies and ideas regarding the Indians from Washington to Jackson’s administration reflects the change
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demonstrates how the composer explores important issues Robert Caswell’s Australian screenplay Scales of Justice ‘The Job’ explores many issues‚ including corruption within the workplace‚ racism and the avoidance of crime throughout the text. He deals with these themes and issues through the eyes of a naïve new Probationary Constable‚ Len Webber‚ as he battles with his conscience against right and wrong. In scales of Justice ‘The Job’‚ Constable Len Webber is new to the police Force. Sergeant O’Rourke
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local government even where the provision of public transport is left entirely to the private sector‚ the government has an important role to play. If only to ensure through appropriate policy measures that the operating environment is conducive to the development of a suitable transport industry. A fundamental requirement is full government commitment to the success of the transport system even if this requires difficult political decision. In this report‚ there are few reasons for government involvement
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Regulating Lobbyists I. Interest Group Interest Group- An organized group of individuals having common goal and actively attempting to influence government policies. II. Why have interest groups been so successful in the United States? Variety of interest due to economic social cleavages among the members of the American society Efficient Democracy Accessible Government- Multiple points of access III. Types of Interest Groups Economic Interest Groups Business The US Chamber of Commerce The Business Roundtable
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Likert Scale Page 1 of 3 Likert Scale The following choices may help you when you design an attitude instrument. The bold face sets are the most popular. AGREEMENT z z z z z z z Strongly Agree Agree Undecided Disagree Strongly Disagree z z z z z z z z z z Agree Strongly Agree Moderately Agree Slightly Disagree Slightly Disagree Moderately Disagree Strongly z z z Agree Very Strongly Agree Strongly Agree Disagree Disagree Strongly Disagree Very Strongly z z z z Yes No z z z z Agree
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‘Big Three’ automobile companies are located in this city. The concept of External Scale Economies can help us explain why these three major companies are located in this area. Scales economies are important for a country because they represent a growth in its economy. Companies are able to produce more products or services at a lower cost of input. “External scale economies are based on the size of an entire industry within a specific geographic area.”1 These companies bulk in one specific area in
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