maximizing businessman would always raise prices when facing an inelastic demand curve but might or might not raise price when facing an elastic demand curve? Explain and justify your answers in detail. Elasticity and profit maximization behavior When facing an inelastic demand curve‚ a profit maximizing businessman would always raise price because increase in price will bring about increase in total revenue. On the other hand‚ when facing an elastic demand curve‚ he might or might not raise price because
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Supply Chain Management as an enabler of Service Delivery in Local Government 1.1 INTRODUCTION Post-apartheid South Africa faces a major challenge in ensuring that local government‚ as the third tier of government closest to the people‚ provides optimal service delivery to the people of different culture‚ race and sex. The government is intent to modernize the management of public sector‚ to make it more people-friendly and sensitive to meeting the needs of the communities it serves. The provision
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earth‚ obviously‚ the earth. The first three elements also correspond to Sulphur‚ Salt and Mercury. The Sun provides its life giving rays to all life in the solar system in a cyclical manner by providing its solar seeds into the earth so that they may be “perfected” or manifested in life. These all come from the One as adaptations‚ splitting off into specialized roles. The first three principal aspects of the One gather together to form the Earth. When the three principal elements are separated out
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advantages of an alternative strategy of global business management for MNCs. According to the authors the previous strategies of management from the Head Quarters (centralized) or Head Quarters for most functions with regional offices and country managers (decentralized) are not as efficient as management without any Head Quarters and twenty strategically placed hubs. There are compelling reasons to follow this strategy. Firstly developing countries account for a much larger chunk of the net revenue
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There are three significant theories of emotion that attempt to describe and explain the way we respond emotionally to stimuli. The first theory was created by William James and Carl Lange and is known as the James-Lange theory. They believed that our body responds first and then we interpret that response in an emotion. Alternatively‚ the second theory created by Walter Cannon and Philip Bard was called the Cannon-Bard theory and claimed that we have a bodily and emotional response simultaneously
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In 1789‚ the United States established the United States Government. The government is also known as the federal government. The federal government is divided into three branches. The three branches are: executive‚ judicial‚and legislative branches. These three branches have different roles‚ duties‚ and citizens that help the branch to function properly. In the executive branch‚ the President‚ Vice President and The Cabinet are placed in the the White House which is the head of the executive branch
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Sociologist look at the world through three major theoretical perspectives. Symbolic interaction‚ functional analysis‚ and conflict theory. Symbolic interactionism is a theory about social behavior and interaction. When in public one may find their selves changing their stance or the way they speak or even adjusting the way they look based on how they think people are looking at them. One may want people to see them in a certain way such as nice or friendly‚ or approachable. Sociologist view how
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As described in the Constitution of the United States‚ the federal Government is organized into 3 branches: Legislative‚ Executive‚ and Judicial‚ and is maintained through a system of checks and balances. The three branches work together to ensure no particular branch gains too much control. For example‚ the Legislative branch‚ makes laws‚ the Executive branch approves or vetoes these laws‚ and the Judicial Branch evaluates said laws against the Constitution. The Legislature‚ or Congress‚ is the
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The United States government is made up of three branches; the Judicial‚ the Executive‚ and the Legislative branch. These branches were put into order by our founding fathers of the United States‚ and our framers of the US constitution who realized‚ problems were beginning to emerge because under the Articles of Confederation‚ our government did not have enough power. “The states were basically taking control of themselves; printing their own money‚ conducting foreign trade that was in violation
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Introduction to Project Manager 2 Responsibilities of A Project Manager 3 Chapter-2: Project Manager & Arguments 4-6 As A Project Manager 4 Priorities Make Things Happen 5 Common ordered lists 6-8 Things Happen When One Say No 9 Keeping It Real 10 Know the Critical Path 11 Be Relentless 12 Be Savvy 13 Chapter-3: IS Manager & Answering 14-16
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