Labour is the human element in the production process. It is the intellectual and physical effort of people in production. The labour market is a factor market where the demand and supply of labour interact to determine the wage rate and the allocation of labour resources in the economy. The demand for labour is derived form the demand for the goods and services that labour is used to produce. The demand for labour is influenced by the level of economic activity‚ the productivity of labour and relative
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Comments on the situation’s: Nike Incorporation world’s most successful sports supplementary company. The old name of Nike was Blue Ribbon Sports; it started its business through producing shoes to Japan. Nike has acquisition of all major sports company in the world using its relationship around the sports products and equipment’s. Nike having a high quality in product and creative ideas on sports materials by this it achieved in fast method of growing. Nike as a primary mass producer in shoes
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The global economy is the world economy. It reflects the total amount of economic activity which can be measured by GWP (Gross World Product) and PPP (purchasing Power Parity). PPP aims to get a more accurate method to compare the value of different currencies. This is done by focusing on the quantity of goods and services that can be purchased by one unit of the currency. For a global economy to exist there should be a rising share of economic activity in the world between people living in different
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Selective breeding has allowed us to improve our global food production‚ because the food that we eat has been looked after and well cared for by farmers‚ but the real work is from the scientist when they have selectively breeded the best of the best cows and cattle‚ meat and wheat by changing the DNA of the animal and controlling the breeding of the animal by taking sperm from the bulls with the most desirable characteristics‚ and put it into an egg taken from the females with the most desirable
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Cherry’s notion of selective attention explains how people follow what they want to hear in spite of several distractions. He refers to this phenomenon as the cocktail party effect. He studied this in a laboratory controlled experiment using the shadowing technique. An auditory message was presented to one ear of the participants over headphones whilst a simultaneous distractor message was presented to the other ear. The participants had to ’shadow’‚ i.e‚ ignore the distractor message while repeating
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M E M O R A N D U M TO: Client FROM: DATE: November 16‚ 2011 RE: Suggestive Business Entity for Cure of Cancer Question Presented What business entity would be best suited in order to create the enterprise for the client’s scientific cure of cancer‚ while keeping his main interests in mind: to get assistance in running the business portion of the enterprise‚ while limiting his personal liability; and providing investors with the most profit possible while limiting the scope of the
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What is meant by group? “The balance theory of Theodore Newcomb is a comprehensive theory of group formation.” Explain. Ans: A group may be defined as a collection of two or more people who work with one another regularly to achieve common goals. In a group‚ members are mutually dependent on one another to achieve common goals‚ and they interact with one another regularly to pursue those goals. Effective groups help organizations accomplish important tasks. In particular‚ they offer the potential
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Before we look closer into the subject‚ first we must look at exactly what is meant by quality and cost. Quality is the totality of the attributes of a good or service that meet the requirements of the buyer or customers. The materials which make up the product‚ the design and the engineering of the product‚ product performance‚ reliability and durability are all important characteristics of the "quality package"‚ which ultimately influence customers to buy a product and repeat-purchase It. (Pass
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I meant to say good luck An AUBG teacher told a student: “Go break a leg” for good luck‚ and the student actually broke a leg during a performance. The teacher felt somewhat responsible as if he wished bad luck upon the student. I think the teacher was sorry for not using a simple “Good luck!” Furthermore there are a lot of phrases that are used to wish good luck but have a bad literal meaning as “Break a leg”. Most people use them without considering their literal meaning and history. The Oxford
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Question 6: EXPLAIN WHAT IS MEANT BY EMPLOYEE VOICE AND THE MAIN MOTIVATION FOR ESTABLISHING MECHANISMS FOR VOICE IN THE WORK PLACE. MA Human Resource Management Introduction “Collective voice achieves what a lone voice could never do”. Collective representation is also the foundation of a partnership relationship between employers‚ employees and unions that bring positive benefits for the
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