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
Premium Business Management Small business
Microfinance Enters the Marketplace by Elisabeth Rhyne and Robert Peck Christen ABSTRACT The past few years have seen an acceleration in the creation of commercial microfinance programs. The demonstration effect of profitable microfinance institutions (MFIs)‚ combined with market forces in newly-liberalized financial markets‚ created the conditions for this rapid expansion. Bolivia‚ Chile‚ Paraguay‚ Uganda and Bangladesh are the focus countries for this paper‚ although the authors draw examples
Premium Microfinance Bank Financial services
information. Correct Answer: The commodification of personal information. Response Feedback: According to Stanley and Steinhardt a major factor in driving data surveillance forward is the commodification of personal information by corporations. Question 2 0 out of 3 points What mid-evil technology enabled people to coordinate their activities and thus made possible a more productive use of human labor? Answer Selected Answer: railroads Correct Answer:
Premium Genetic engineering Mobile device Fossil fuel
Do You Know When to Use the Correct Leadership Behavior? I. Introduction II. What is Leadership III. Type of Leadership Behaviors a. Directive Behavior b. Participative Behavior c. Supportive Behavior d. Leader Reward & Punishment Behavior e. Charismatic Behavior IV. How Do A Leader Learn the Leadership Behaviors a. Mentor b. Coach c. On the Job Experience V. Conclusion I. Introduction How does a leader decide which leadership behavior is the best one to use? There are different
Premium Leadership
with depletion of natural resources and leaving carbon footprint Feedback The correct answer is: concern with depletion of natural resources and leaving carbon footprint Question 2 Not answered Marked out of 0.5 Not flaggedFlag question Question text An activity which seeks to earn a profit by providing a good or service is known as a(n): Select one: a. corporation b. industry c. business d. service Feedback The correct answer is: business Question 3 Not answered Marked out of 0.5 Not flaggedFlag
Premium Business Gross domestic product Federal government of the United States
aulos C) ethos D) hubris Points Earned: 4.0/4.0 Correct Answer(s):A 2. This is a type of standing male statue‚ always shown nude. A) kouros B) paean C) kythara D) kore Points Earned: 4.0/4.0 Correct Answer(s):A 3. One of the Greek orders of architecture‚ elaborate and graceful in style‚ it features columns that have capitals decorated with volutes. A) Ionic B) Phrygian C) Doric D) Lydian Points Earned: 4.0/4.0 Correct Answer(s):A 4. She is Odysseus’s ever-faithful
Premium Homer Trojan War Achilles
Diseconomies of scale A more precise definition is that long run average costs per unit rises with an increase in output.This can b shown in the diagram below: [pic] The rising part of the Long Run Average curve illustrates the effect of diseconomies of scale. Beyond Q1 (ideal firm size)‚ additional production will increase per unit costs. Diseconomies of scale are rarer than economies of scale and they are often offset by economies of scale that exist in the same business. This can make
Premium World Trade Organization Economics Economics of production
become evident with the addition of the:Answer Selected Answer: third worker. Correct Answer: third worker. Question 8 1 out of 1 points Answer the question on the basis of the following output data for a firm. Assume that the amounts of all non-labor resources are fixed.Refer to the above data. The marginal product of the sixth worker is:Answer Selected Answer: 15 units of output. Correct Answer: 15 units of output. Question 9 1 out of 1 points In the
Premium Costs Variable cost Marginal cost
resulted into advancement that could make hard things a lot easier yet accurate‚ fast and efficient. All those years‚ it cannot be denied that the rapid change of computer technology makes one’s life a better place to live in. A Customizable Online Grading System can eliminate the word “manual”. Another feature is the automatic importing of grades from the instructor’s class records and printing it in different forms‚ unlike the current system wherein they need to write everything and present everything
Premium Data flow diagram
could’ve done it. “But the murder weapon that was used is not inside the house so that means whoever murdered him ran out of the house with it in hand and whatever they used it did enough damage a steel club would do‚” urged Charlie. The “Correct” is the “Correct” But‚ in these types of cases‚ you would think that the wife did it but there wasn’t any type of motive for why she might’ve done it‚” added Jack Noonan. Standing there‚ Mary
Premium