Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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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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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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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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Around the period of the First World War the King of the United Kingdom said to the then Earl of Derby “My father was frightened of his mother‚ I was frightened of my father‚ and I am damned well going to see to it that my children are frightened of me.” One of the most powerful men in the western world during a time of great strife said this about the ones closest to him in his life. Why would a man of such potentially great compassion in one of the most fruitful nations of its time feel this way
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The progressive aphasia severity scale (PASS) is a clinical instrument used to rate presence and severity of impairment in specific domains of speech and language in patients with PPA (Mesulam et al.‚ 2009; Sapolsky‚ Domoto-Reilly‚ & Dickerson‚ 2014). The clinician uses his or her best clinical judgment to make ratings on a 5-point scale: normal (0) to questionable/very mild (0.5)‚ mild (1.0)‚ moderate (2.0)‚ or severe (3.0) impairment. First‚ a baseline profile is established; then‚ follow-up
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SMALL SCALE INDUSTRY INTRODUCTION The definition for small-scale industrial undertakings has changed over time. Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries. An
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