1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station‚ restaurant Medium business: e.g. coffee club‚ nando’s Large business: Maccas‚ red rooster‚ kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (big
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Business & Management (SL) IA: Commentary on: How is Special K using the mobile electronics to capture the diet market? Candidate Name: Alaina Russell Candidate Number: dxn496 Declaration of Authenticity: I confirm that this work is my own and is the final version. I have acknowledged each use of the words or ideas of another person‚ whether written‚ oral or visual. Candidate Signature: __________________________________ Date: ___________ Word Count: Table of Contents:
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responsibility is summed up in this quotation from the Watkinson Report (1973): “A company should behave like a good citizen in business. The law does not (and cannot) contain or prescribe the whole duty of a citizen. A good citizentakes account of the interests of others besidehimself and tries to exercise aninformal and imaginative ethical judgment in deciding what he should or shouldnot do. This‚ it is suggested‚ is how companies should seek to behave.” As such a chemical producing company
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Oracle Systems Corporation Summary Since its formation in California in June 1977‚ Oracle Systems Corporation has grown rapidly to become the world’s largest supplier of database management software. It also offers maintenance‚ consulting‚ training‚ and systems integration services and it is the leader in its industry. But currently‚ its way of revenue recognition has been debated. Under Oracle’s current set of accounting rules‚ Oracle can recognize any revenue they believe will be shipped within
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ORACLE DATA SHEET ORACLE DATA INTEGRATOR ENTERPRISE EDITION KEY FEATURES AND BENEFITS In today’s fast-paced‚ information-based economy‚ companies must ORACLE DATA INTEGRATOR ENTERPRISE EDITION OFFERS LEADING PERFORMANCE‚ IMPROVED PRODUCTIVITY‚ FLEXIBILITY AND LOWEST TOTAL COST OF OWNERSHIP be able to quickly integrate vast amounts of data from disparate systems while reducing costs and improving efficiencies. Oracle Data Integrator Enterprise Edition delivers that need with highperformance
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Benefits of information system for business After several years of turbulence of internet stocks and the resulting failure of many companies‚ it is easy to understand the impact of information system in daily life. Yet‚ everyday we read article about IT technology helping the growth of the business. They are many advantages that most people agreed: they create value largely or exclusively through the gathering‚ synthesizing and distribution of information‚ they formulate strategy in ways that make
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Kings‚ religious practices occurred. However‚ it is not until the Shang Dynasty when actually records of spiritual communication were founded. Oracle Bones were recorded of communication between human and spirits. The ritual of cracking oracle bones told what ancient Chinese concerned the most – the relationship between spirits and nature. The intricate Oracle Bones not only reveal the religious aspect of the Shang Dynasty‚ but also relate the cultural and political system in ancient China. During
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What is “functional product”‚ and what is “innovative product?” We can use the nature of product demand to classify whether a product is a functional product or an innovative product. With different product characters‚ supply chain management method that managers should choose will also be varied. Functional products are products that people buy in wide range of retail outlets‚ and those products have more stable and predictable demand‚ as well as long life cycles. For example‚ most of
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There are 10 benefits stated by Greenley‚ which are (1) it allows for identification‚ prioritization‚ and exploitation of opportunities. (2)It provides an objective view of management problems. (3) It represents a framework for improved coordination and control of activities. (4) It allows major decisions to better support established objectives. (5) It allows more effective allocation of time and resources to identified opportunities. (6) It allows fewer resources and less time to be devoted to
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I. Introduction Inventory management software is a computer-based system for tracking inventory levels‚ orders‚ sales and deliveries. It can also be used in the manufacturing industry to create a work order‚ bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets. It is often associated with and is
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