Costs of Production July 2011 Topics to be Discussed Measuring Cost: Which Costs Matter? How do Cost Curves Behave? – Cost in the Short Run – Cost in the Long Run How to Minimize Cost? How to draw Implications for Business Strategy? Topics to be Discussed Production with Two Outputs: Economies of Scope Dynamic Changes in Costs: The Learning Curve Estimating and Predicting Cost Measuring Cost: Which Costs Matter? Accountants tend to take a retrospective view of firms’ costs‚ whereas
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Industrial Relations Industrial relation means the relationship between employers and employees in course of employment in industrial organisations. However‚ the concept of Industrial Relations has a broader meaning. In a broad sense‚ the term Industrial Relations includes the relationship between the various unions‚ between the state and the unions as well as those between the various employers and the government. Relations of all those associated in an industry may be called Industrial Relations
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EMPLOYEE RELATIONS 13/02/2014 A MARXIST (OR RADICAL) PERSPECTIVE OF THE EMPLOYMENT RELATIONSHIP LOCATES ’THE ASYMMETRY OF POWER BETWEEN EMPLOYER AND EMPLOYEE’ AT THE HEART OF ITS ANALYSIS. (BLYTON AND TURNBULL‚ 2004: 34). The conviction that there exists a power imbalance in the employment relationship which gives employers a prejudicial benefit over employees takes its existence for several centuries. Karl Marx known for his theories and contributions related to the employment relations field‚ became
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Brief Introduction of International Relations International relations refers to the collective interactions of the international community‚ which includes individual nations and states‚ inter-governmental organizations such as the United Nations‚ non-governmental organizations like Doctors Without Borders‚ multinational corporations‚ and so forth. International relation is a very broad concept. In modern usage it includes not only relations between states but also between states and non-state
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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Pullins was foun ded in September 1925 by Thomas George Pullin‚ an ambitious farmer who sold his livestock‚ took a loan from a local flour miller and bought a little bakery in North Somerset. In those early days‚ local door-to-door deliveries were made by bakers donning breeches and leather leggings‚ carrying wicker baskets full of bread and other goods. For deliveries further afield‚ horse-drawn carts were used (we had stables out the back of the bakery)‚ although these were later replaced by
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12:33 PM Page 43 2 Human Relations Theory and People Management The minutiae of the human soul … emerged as a new domain for management Nikolas Rose Conventional textbooks often set up a simple story about organization theory which has a very appealing structure. In this story‚ there is a good guy and a bad guy. Who gets to play which role sometimes shifts‚ but most often the bad guy is the scientific management approach and the good guy is human relations theory. This is a flawed story in
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PRODUCTION Production Creation of Utilities Utility: want satisfying capacity of a commodity Types of utilities: T f ili i Form utility Place utility Time utility Possession utility Service utility Knowledge utility The Production Function The production function refers to the physical relationship between the inputs or resources of a firm and their output of goods and services at a given period of time. time. The production function is dependent on different time frames. Firms can produce
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Assignment on History of Exchange Rate Prepared for Ms. Rafia Afrin Course Title: International Finance Course Code: F603 Prepared By H. M. Shahriar Hassan Roll: 05 MBA 45E Institute of Business Administration University of Dhaka March 19‚ 2013 History of Exchange Rate Exchange Rate: In finance‚ an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another
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INDUSTRIAL RELATIONS PERSPECTIVES UNITARY THEORY Workplace “has one source of authority and one source of loyalty” (Fox 1996: p. 3) - Dunlop (1958) argues that in a unitary theory‚ work organizations are integrated institutions with workers and management working in harmony. - Thus no conflict thesis is a dubious integration. It thrives on assumptions that all workers identify not only with the aims of the enterprise but also with the operating methods (Seifert 1992)
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