output will require an increase in the quantity of factor inputs which will lead to an increase in costs. The theory of cost is the study of how the cost of production changes as the output level changes. This chapter gives an exposition of the theory of cost. 2 2.1 SHORT-RUN THEORY OF COST Distinction between fixed costs and variable costs Fixed costs are costs that do not vary with the output level as they are associated with fixed factor inputs. In other words‚ an increase in the output
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An example of the effect of social or cultural factors on one cognitive process is the effect of schema on memory. Schemas are mental representations of categories from our knowledge‚ expectations‚ and beliefs. Any information that people are exposed to is affected by the society and culture that they are in‚ and schemas are influenced by external factors‚ which then affects what’s stored in our memory process. Our memory content opens a window through which we can observe the cultural influences
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Summaries……………………………………………….....3 3. Macro environment factors………………………………....4 4. Industry involved……………………………………….......5 5. Impact of the factors………………………………………..5 6. Conclusion………………………………………………….6 1.0 Introduction The purpose of this report is to demonstrate an understanding of the marketing macro environment. The proposed research question was: Identify the macro environmental factors and discuss the impact this macro environmental factors will have on the industry or organizations
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the view that social class differences in educational achievement are the result of cultural factors. Social class background has a powerful influence on a child’s chances of success in the education system. Children from middle-class families on average perform better than children from working-class families and the gap between middle and working class educational achievement gets bigger as children get older. External factors‚ also known as cultural factors‚ these are factors outside the education
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linguistics‚ since it embraces all its major levels: phonology‚ semantics‚ syntax and pragmatics‚ the latter including text studies and some aspects of the sociolinguistic and psycholinguistic perspective. Especially pragmatics‚ which portrays language as a social-cultural phenomenon intertwined with the subjective reality as perceived by the speakers‚ is the essential ingredient that was until recently missing‚ and this fact probably doomed early contrastive studies to failure. Whenever we decide to contrast
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KEY RISK FACTORS Real estate sector growth would be driven due to a large unmet demand for housing and commercial spaces in the country. Demand side factors are unlikely to act as a key risk to real estate growth‚ unless serious economic downturn occurs. The factors that may hinder the pace of development would most likely be supply side related. Rising construction costs‚ skilled labor‚ shortages‚ project delays and excessive speculation resulting in demand destruction may result in revaluating
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Factors Affecting Profitability: An Empirical Study on Ethiopian Banking Industry Amdemikael Abera A Thesis Submitted to The Department of Accounting and Finance Presented in Partial Fulfillment of the Requirements for the Degree of Master of Science (Accounting and Finance) Addis Ababa University Addis Ababa‚ Ethiopia June 2012 Addis Ababa University School of Graduate Studies This is to certify that the thesis prepared by Amdemikael Abera‚ entitled: Factors Affecting Profitability:
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fundamental factors of demand and supply and when it is an indefensible bubble? In this report‚ we explain how to appraise the situation of house prices‚ the factors that affecting the house price to increase rapidly‚ both whether the existences of bubble and what principal factors support housing demand‚ in a method that is argument in economic theory. Showing both Demand side factors and Supply side factors as well as in the long run and short run. In the short run‚ demand side factors tend to be
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Internal and External Factors 230 September 14‚ 2014 Internal and External Factors There are four management functions that are typically found in most of the business environments around the world. The four functions of management are planning‚ organizing‚ leading‚ and controlling. These are most commonly used in high level management to organizational management too. There are five major factors that affect these and many other business functions which are globalization‚ technology‚ innovation
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Q1: What micro environmental factors affected the introduction and re-launch of the Toyota Prius? How well has Toyota dealt with these factors? Firstly‚ the company has spent a lot of money on the re-launch of the new and improved Prius model which is over 40 million dollars. On the same note it was also able to generate a profit represented by a 120% rise in the sales after some time of the re-launch. Starting off with the main objectives of the company to provide a new and technology product to
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