fast food restaurants for that reason. 5. If all other factors are equal‚ what is likely to happen to the supply of a product if the price goes up? Why? Explain. (3-6 sentences. 3.0 points) Supply is how much of something is available. Demand is how much of that thing that people want. If the price of a product goes up‚ its supply is going to go up and the demand will go down. People always want the best price. 6. If all other factors are equal‚ what is likely to happen
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Since its official formation dating back to 1947‚ Singapore Airlines have founded its business on world-class service quality in the airline industry. Such a reputation is built on core aspects of the airlines service delivery which includes features like the friendly service‚ prompt flights and in-flight entertainment system. As consumers‚ we only see these final outcomes and therefore‚ often forget that these qualities are a product of much planning‚ trial and of course - teamwork. The efficient
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What happens when a company focusses only on performance‚ profit and increasing their share price and neglects the health of the business in terms of the people it employs? A change in leadership and organisational focus resulted in Atari‚ a gaming success story‚ becoming a tragic failure. Unpacking what the health of an organisation consists of and how the leadership affects this will speak to our problem definition in terms of preventing leadership failures. Game on Atari was founded in 1972 by an
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Factors of Production 1. Land 2. Labor 3. Capital (Money) is not actually considered as capital in economics as it does not produce a good and service but it is rather a form of asset that is used as a medium of exchange. 4. Entrepreneurship The 3 E’s in ECONOMICS 1. Efficiency refers to productivity and proper allocation of economic resources. 2. Equity means justice and fairness. 3. Effectiveness means attainment of goals and objectives. Types of Economic Systems To address
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India’s Economic Success In every region of the world there are culture and social differences that set countries apart. Each with an economic‚ social and political outlooks on the future that determine the way people live. These endless arrays‚ even occur in different parts of a particular of every country including one of the worlds most diverse‚ India. India is separated into 25 states and 7 territories which create 16 major languages and 1‚000 minor languages and dialects. This diversity
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thought about giving up multiple times‚ but my family is always there to back me up. For example‚ after high school I didn’t even want to go to college. I doubted myself and thought school just wasn’t for me. As Carlos had stated from The Student Fear Factor‚ “It was like I thought I wouldn’t make it‚ like I wasn’t going to be able to make it. And I made it hard and it wasn’t that hard.” That’s exactly how I felt. However my parents‚ especially my mom‚ pushed me to go. I was told that I am smarter than
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FACTOR ANALYSIS Factor analysis is a general name denoting a class of procedures primarily used for data reduction and summarization. It is used in the following circumstances: • To identify underlying dimensions or factors‚ that explains the correlations among the set of variables. • To identify new‚ smaller set of uncorrelated variables to replace the original set of correlated variables in subsequent multivariate analysis. • To identify smaller set of salient variables from a larger set for
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There are many different life factors that affect the way a person develops and acts. When a person is going through their different stages of development‚ factors that are around them can define the way they are. Major life events may also have an influence on the way the person develops through the life stages. In this essay I am going to discuss the effects of five different life factors and also two predictable and two unpredictable major life events‚ which may affect the development of an individual
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Factor Analysis Introduction Basic Concept of Factor Analysis Factor analysis is a statistical approach to reduce a large set of variables that are mostly correlated to each other to a small set of variables or factors. It is also used to explain the variables in the common underlying factors. (Hair et al‚ 1998) Malhotra‚ 2006 mentioned that factor analysis is also an interdependence technique that both dependent and independent variables are examined without making distinction between them
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Environmental Factors Heidi Wallen HSM/220 March 21‚ 2013 Environmental Factors The four external environmental factors are: economic factors‚ sociological factors‚ technological factors‚ and political and professional factors. The six internal factors are: organizational purpose‚ mission‚ and philosophy‚ Organizational planning‚ Organizational operations‚ Human resources‚ Technological resources‚ financial resources. Economic
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