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
Premium Strategic management Management Marketing
large firms have over smaller firms and vice-versa‚ in the pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over 4 500 000 small to medium sized firms according
Premium Entrepreneurship Entrepreneur Small business
mental outlook.”(1) It’s right. From the view point of Austen‚ Elizabeth’s marriage‚ who finally marries Darcy‚ as well as Jane-Bingley’s‚ composing money and love‚ is the ideal marriage people should after. But in other marriage cases in this novel‚ we can see that if money and love can’t be held together in one marriage‚ love would always make a concession to money because of the special social background. After reading through the whole book‚ we will find that money acts as the cause of each plot and
Free Elizabeth Bennet Fitzwilliam Darcy Pride and Prejudice
serves other important functions as well. It plays a major role in educating the public about snake and their ecology. Furthermore‚ snake meat is very nutritious‚ high in protein‚ minerals‚ and good for the blood. A kilogram of snake meat can be sold from USD 16 to 29. Therefore‚ meat could be another product of the snake farm. Snake venom is highly modified saliva that is produced by special glands of certain species of snakes. The gland which secretes the zootoxin
Premium Snake Capacity utilization Viperidae
read the article below and answer the following questions. Balancing Work and Home for Whole-Life Success Published: April 22‚ 2012 By Ed and Ellen Schack 1. Today’s driven*‚ success-minded professionals strive to ’have it all’ - and do it all - with respect to their personal and professional lives. However‚ this effort often leads to disappointing results in many‚ if not all‚ areas. The complexity lies in creating abundance in your professional life while still being able to relax
Premium Business Meaning of life Person
Provide citations for all the sources you use. What is gender? What is sex in biological terms? Are gender and sex the same thing? Explain why or why not? The state of being male or female‚ typically used with reference to social and cultural differences rather than biological ones. Gender refers to the personal sexual identity of an individual regardlessnof the persons bological and outward sex. How people define masculinity and femininity can vary based on the ndividuals background and surrounding
Premium Gender Male Sex
What can affect attitude and behavior? Outline I. Family life. a. Divorce and attitude b. Family values c. Modeling adults II. Friendships. a. Friends and behavior. b. Peer pressure. c. Positive friendships. III. Surroundings. a. Home setting. b. Importance of education. c. Environment. IV. Economic Status. a. Career. b. Poverty vs. Middleclass. c. Improving your economic status. A person’s attitude and behavior can be
Premium Sociology Human behavior Psychology
One of the most important social factors that impacted the scenario the most appeared to be economic status or social class. In the given scenario Tomas Juarez made the decision to work with under privileged kids from low-income families‚ although he started out working in a multi-diverse suburban school. The children that Juarez worked with in this were different from the children he later worked with in that these children were very active in school affairs and extracurricular activities. Not only
Premium High school Sociology Education
BACKGROUND OF SURNECO‚ INC. The Surigao del Norte Electric Cooperative‚ Inc. (SURNECO) was formally incorporated and registered with the National Electrification Administration (NEA) on September 24‚ 1977. After obtaining a Php13.5M with NEA‚ it took over the ownership‚ management and operation of the Surigao del Norte Electric Company in Surigao City which was owned by the Lumanlan after paying its assets‚ properties and franchise on June 26‚ 1978. SURNECO’s coverage area includes Surigao
Premium Enterprise resource planning Supply chain management
“We do what we have to do‚ so we can do what we want to do” Amalia Prida 14-0663 Orientation November 8th‚ 2013. UNIBE In life‚ everything is earned and nothing positive or good comes our way for free. We have to earn the things we want and sometimes do some things we don’t necessarily want to do. “We do what we have to do‚ so we can do what we want to do” is a famous‚ yet genuine quote that can be considered as a life lesson. This phrase is applicable to college students
Premium Personal life 2008 singles