Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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Describe the Advantages and Disadvantages of using Referendums in the UK? (25 marks) A referendum is a vote given to the public which is determined by the government‚ and is used to help answer an important political or constitutional question to which the public must vote a simple ‘yes’ or ‘no’. One advantage of using referendums in the UK is that they enable the public that are over 18 to approve or disprove important constitutional changes. An example of a one being used for this purpose is
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Advantages and disadvantages of online education Introduction It is basically credit-granting courses or education training delivered primarily via the Internet to students at remote locations‚ including their homes. The Online courses may or may not be delivered synchronously. An online course may need that students and teachers meet once or periodically in a physical setting for lectures‚ labs‚ or exams‚ so long as the time spent in the physical setting does not exceed 25 percent of the
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What are the advantages and disadvantages of intellectual property in the digital age? Intellectual property (IP) is an umbrella term that covers copyright‚ patents‚ trademarks‚ designs‚ circuit layout rights‚ plant breeders’ rights and confidentiality and trade secrets. Each of these terms covers a different type of property that is made up of knowledge. Many of these terms cover physical objects‚ however it is the idea behind them that counts and needs to be protected. The above terms are all
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Discuss in depth the advantages and disadvantages of online pharmacies. What ethical dilemmas do they pose? Would you consider purchasing medication from an online pharmacy? Internet pharmacies have been one of the fastest growing sections of pharmaceutical over last few years‚ through mixture of lower cost for customer and with the lower operating costs. There is growing concern as well with the growth of online pharmacy and few people called for tighter regulations to be placed on the online
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and operational costs can be decreased to a great extent. This is one of the prime advantages of offshore outsourcing to make the company operation cost-effective. The Disadvantages/ Weaknees of Offshore Outsourcing Even though offshore outsourcing gives advantage mainly on cutting the cost site but the other way offshore outsourcing sometimes bring disadvantage to the company. A company must identify what is the
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Advantages And Disadvantages Of Temporary Employees During the 1990-2008 periods‚ employment in the temporary help services industry grew from 1.1 million to 2.3 million and came to include a larger share of workers than before (Luo‚ Mann‚ Holden‚ 2010). Employment in this industry has been very volatile because‚ temporary employees offer great advantages to businesses. As of today‚ businesses are using full time temporary employees as an alternative to reduce their cost and remain profitable
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Advantages & Disadvantages of e-Learning E-learning is a broad term that generally refers to any kind of learning done with a computer and Internet connection or CD-ROM. It is used by individuals‚ educational institutions and businesses. As with any type of learning‚ it works better for some than others. The quality of e-learning has improved in recent years‚ as teachers and students have become more comfortable with the technology. 1. Considerations * E-learning is an excellent
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James Davis Advantages and Disadvantages of E-commerce Bus 107 Debra Wilson November 22‚ 2010 Abstract In today’s economy‚ business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many
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The advantages and Disadvantages of using computer From day to day‚ our world has been changed gradually form one condition to other. The revolution of new ideas always comes up to the minds of every person; especially the ideas to improve technology which people need to make the living better. As result computer has been bring people certain advantages and disadvantages for people ask well. First of all‚ the advantages of using computers are that we can do research and find a lot of information
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