Using a suitable diagram‚ predict what is likely to happen to efficiency hen a competitive industry is monopolised? The normal answer is likely to arrive at the conclusion that under monopoly the industry will produce a lower output at a higher price as compared to perfect competition. This will result in a loss of technical/productive and allocative efficiency. Good candidates might also comment on the loss of consumer welfare and sovereignty. The candidate who‚ in addition‚ comments on the possibility
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The repercussions of the economic crisis are not going to disappear in the short What is economic crisis? * An economic crisis is A situation in which the economy of a country or countries experiences a sudden downturn brought on by a financial crisis. A financial crisis is a situation when money demand quickly rises relative to money supply. Until a few decades ago‚ a financial crisis was equivalent to a banking crisis. Today it may also take the form of a currency crisis. Many economists have
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Nestlé-Danone and the bottled water sector 1) Presentation of the structural features of the bottled water industry. a) strategic segmentation. There are four different family of product in the bottled water market : * mineral water ; they are spring waters with specific properties such as medical treatment. They cannot be processed. * spring water ; they are naturally pure and from groundwater as mineral water. No treatment shall be given to them. They are on average three times
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A debate between tap and bottled water is ongoing. While many Americans believe tap water is a better way to go‚ many Americans also believe bottled water is the best. Bottled water is better for many reasons. Bottled water is portable‚ it is safer‚ and it creates jobs for many people. Many Americans feel bottled water is better than tap water because it is portable. The bottles make it easy for students to prevent dehydration. Going to the water fountain is always an option‚ but students are only
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Ini adalah ilmu sosial yang mempelajari produksi‚ distribusi dan konsumsi barang dan jasa. Q.2 What is an Economic System? Q.2 Apakah yang dimaksud dengan Sistem Ekonomi? Ans.2. It is the set of goals rules and institutions that society prefers to follow in its economic life. Economic systems are the major repository of the “values” and ideals that society wants to live up to in its Economic life. Ans.2. Ini adalah seperangkat aturan tujuan dan lembaga bahwa masyarakat lebih suka mengikuti
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MBA 623 | North American Cruise Industry | Table of Contents Executive Summary 2 Cruise Industry Overview 2 Market Overview and Structure 2 Industry and Customer Segments 5 Target Market Analysis 7 Carnival Cruise Lines 7 Target Market Analysis 7 Positioning Strategy 7 Royal Caribbean Cruise Lines 8 Target Market Analysis 8 Positioning Strategy 9 Norwegian Cruise Lines 9 Target Market Analysis 10 Positioning Strategy 10 Disney Cruise Lines 11 Target Market Analysis
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BBHM101 The Contemporary Hospitality and Tourism Industry |Duration |Level |Core / Elective |Subject Credits |Course Credits | |1 semester |Year 1 |Core |4.5 |BBHM: 150 | | | | | |BIHM: 199 | |Timetabled Hours |Personal Study |Total
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What are the characteristics of a good leader. There are some important characteristics that are found in good leaders. These qualities can be developed from time to time or may be naturally part of their personality. A good leader can be found everywhere in our routine life‚ such as in manager in a company‚ teacher at school or university and parents at home. A good leader should have a trustful character‚ influential speech‚ and confidence. The first is that the leader should be trustworthy
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Lean: A key success factor in automobile industry Abstract The concept of Lean Manufacturing is well known and is being applied widely in industry. As industry moves forward in deploying lean concepts‚ it is important to recognize the potential benefit for attacking waste in above-the-shop-floor processes. While the benefits are significant in production‚ this typically constitutes less than 30 percent of the total cost of a product. Furthermore‚ the distributed‚ collaborative nature of manufacturing
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Drinking Tap-water is better than Bottled Water Bottled water is simply water from some sources that a company has placed in a bottle for resale. It can have minimal processing – as in natural spring or mineral water‚ or it can be completely filtered and dematerialized which is to remove minerals in the water to nearly pure‚ and then added minerals back into the water to make it taste better. In these days‚ “we drink 15 times more bottled water today than we did in 1976. According to the NRDC
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