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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in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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Grading Scale 2 Robert Hernandez English 102 Research paper Grading Scale Anyone who has attended a high school or college will readily say that one of the most stressful aspects of the entire experience is grades. Students will loose hours of sleep per night poring over textbooks‚ clutching a pen in one hand and a mug of Starbucks coffee in the other. They soon foster an obsession with achieving and maintaining perfect grades to the point where anything that earns less than "A" is a disgusting
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Restored Hetch Hetchy Valley or Not? In “Hetch Hetch Valley” (1912) from American Earth: Environmental Writing Since Thoreau‚ John Muir argues that Hetch Hetchy Valley should not be dammed and turned into a reservoir. He describes how fantastic and special the Hetch Hetchy Valley is by pointing out to its highlights. Then‚ he claims that everyone needs material and mental lives. He asserts the natural beauty can provide people a positive attitude toward life. Thus‚ he blames the advocates damage
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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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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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Sydney Gale Gale 1 Enc1102 Mrs. Hooper 1/25/2013 “The Red Convertible” “The Red Convertible” by Louise Erdrich is a story of two brothers who are native Indians that live in a reservation. Lyman and Henry are very close. They purchase a red convertible together‚ which they both cherish. The main character in the story is Lyman Lamartine‚ narrator and protagonist
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The following statements are issues regarding women in leadership roles. For many working class people some of these problems are more important than others. You will indicate the extent to which each statement applies to you. Beneath each statement there is a set of number used to express your opinion about the statement. For example: I feel that women are simple minded. -3 -2 -1 0 +1 +2 +3 Strongly Disagree Slightly Neither Slightly Agree Strongly Disagree Disagree
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Differential Loneliness Scale for Non-student Populations Marcia James South University Virginia Beach Individual Assessment CNS 6526 Dr. Susanne Preston March 01‚ 2013 Differential Loneliness Scale for Non-students Populations DESCRIPTION OF THE ASSESMENT The Differential Loneliness Scale for Non-student Populations (DLS; Schmidt & Sermat‚ 1983) is a self-report instrument used to assess levels of loneliness. This is a 60-item measure used to assess loneliness as well as specific
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Economies and diseconomies of scale Economies of scale are advantages that arise for a firm because of its larger size‚ or scale of operation. These advantages translate into lower unit costs (or improved (productive efficiency)‚ although some economies of scale are not so easy to quantify. The main kinds of Economies of Scale are: Bulk- Wholesale is selling goods in tremendous quantities at a low unit price to retail merchants. The wholesaler will accept a slightly lower sales price for each unit
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