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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needs utmost devotion‚ total commitment and greater sincerity with fullest involvement for its growth and personality by the enterprising individuals. This field has been neglected for so long partly because of the disagreements arising from the problem of demarcation and partly because it is characterized by uncertainties and occurs in the imperfect information and market failures. It is again difficult to classify it because of the presence of dynamic market environments under which entrepreneurs
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The Problems and Solutions in Building an Age-friendly City The Problems and Solutions in Building an Age-friendly City: Economic Conditions for the Elderly in Singapore Prepared By: Tang Jiahui & Qian Ziyuan NUS SM2 Batch 16‚ Group 1 Prepared For: Dr. Lira Dumaguing April 7‚ 2013 1 The Problems and Solutions in Building an Age-friendly City 2 Table of Contents List of Tables ...........................................................................................
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Record: 1 Title: What Is Strategy? Authors: Porter‚ Michael E.1 Source: Harvard Business Review; Nov/Dec96‚ Vol. 74 Issue 6‚ p61-78‚ 18p‚ 1 Black and White Photograph‚ 3 Diagrams‚ 1 Graph Document Type: Article Subject Terms: *STRATEGIC planning *ORGANIZATIONAL effectiveness *MARKET positioning *COMPETITION *BUSINESS planning *INDUSTRIAL management *ORGANIZATIONAL
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particular problem (e.g.‚ environmental degradation or conservation work) What do NGOs Do? ♣ Advocate particular political‚ social‚ or economic positions ♣ Lobby governments at the local‚ regional‚ national‚ and international level ♣ Provide consultative services at the local‚ national‚ or international level (e.g. the UN) ♣ Provide crucial social services either in cooperation with‚ or in place of‚ the state ♣ Engage in economic development‚ education‚ and capacity building at the local
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INTRODUCTION M & S (short phrase mergers and Acquisitions) is to enter the sale and merger of businesses in the market. These two concepts often go together because one or more of the same‚ pretty much to cases where one cannot distinguish the difference and do not have enough information to comment (Anon 1‚ N.D) M & A are done in some cases are as follows: Basic principles: to proceed with the acquisition and merger of a company is to create new value for the shareholders that maintain
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AND COMPETITIVE ADVANTAGE (STUDY QUESTION 1) 118. __________ and __________ are indispensable to success in the 21st-century economy. A. Knowledge ( large inventories. B. Knowledge ( speed. C. Cost control ( bureaucratic designs. D. A and C. E. A‚ B‚ and C. B GT Ap What Is Competitive Advantage? 119. An organization establishes a __________ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the
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happening. The sequestration deadline is approaching which can result in hundreds of thousands of people losing their jobs. The local economy will take a toll as loss of job means loss of income‚ which can result in less spending at merchants. What is sequestration? Sequestration is a fiscal policy procedure adopted by Congress to deal with the federal budget deficit (cite CNN.com). Basically it is a way for the government to force spending cuts in the form of job loss. This action will supposedly
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What can we do to Stop Global Warming? Climate change may be a big problem‚ but there are many little things we can do to make a difference. If we try‚ most of us can do our part to reduce the amount of greenhouse gases that we put into the atmosphere. Many greenhouse gases come from things we do every day. As we have learned‚ these greenhouse gases trap energy in the atmosphere and make the Earth warmer. Some of these gasses occur naturally while others are caused by humans. The most common of
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Merge Ahead: A Research Agenda to Increase Merger and Acquisition Success Mitchell Lee Marks • Philip H. Mirvis Published online: 30 April 2011 � Springer Science+Business Media‚ LLC 2011 Abstract Scholars have been conducting serious research on the human‚ organizational‚ and cultural aspects of mergers and acquisitions (M&A) for 30 years. Yet‚ over this period‚ there have only been modest improvements in the M&A success rate. In this article‚ we examine corpo- rate combinations
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