After he pays all of his employees their wages and pays his other bills‚ the owner of Billy’s Café takes his profit. Factor market 2. List the opportunity costs of the following: a. going to college - the money you would have earned if you worked instead. b. missing a lecture – takes away from your knowledge of that lesson. c. withdrawing and spending $100 from your savings account‚ which earns 5 percent interest annually – you would lose $5 if you take out $100. d. going snowboarding on the
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The best communication approach for children and women is to use active listening for problems or issues both present and or ones that may arise in the near future. The best communication approach for the elderly is to assess and clarify the source of their stress‚ observe the level of the situation and provide resources to resolve the problem. The best communication approach for the homeless would be to assess the direct need for shelter and nutritious meals‚ medical treatment if applicable
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solely by economic indexes‚ such as accumulation of capital‚ utilization of international investment‚ GDP per capita‚ and many more. Such figures allow easy evaluation and comparison across borders‚ but fail to account for other less easily quantifiable factors that might also influence development. Recent studies on development look beyond purely financial measures like free choice‚ medical care availability‚ education‚ equality or political freedom. Amartya Sen‚ Nobel Laureate in Economics‚ made
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Assess the effectiveness of economic policies and management in achieving ecologically sustainable development Ecologically sustainable development refers to maintaining a level of economic growth and quality of life that does not compromise intergenerational equity. The increased importance of this economic objective has been reflected by governments implementing policies to address the issue of resource depletion‚ climate change‚ pollution and environmental degradation. This is because depletion
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Distinctive Competency – An internal‚ value-creating activity that is unique and allows a company to achieve a competitive advantage. • Capability – A company’s ability to put its resources and competencies to productive use. Core competencies are rarely reliant on a single department – they are more likely to owe their existence to a strong collaboration between two or more departments. Strategically relevant competencies might include: • Greater proficiency in product development • Better manufacturing
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Economic Opportunities in India 1 Economic Opportunities in the Country of India Sean P. Horton International Business 260 Mr. Russell March 22‚ 2009 Economic Opportunities in India 2 Abstract While researching the economic opportunities in the country of India‚ we can see trends‚ such as that of calls being outsourced to India‚ signifying a vision of globalization‚ increased competition and market share. India is poised to become and remain a global competitor in
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Assignment Cover Sheet ------------------------------------------------- | Faculty: | BUSINESS | | Course: | BABS | Stage/year: | Year 3 | Subject: | Strategic Human resources management | Study Mode: | Full time | YES | | Part-time | | | Lecturer Name: | Colman Boyd | Assignment Title: | Critically discuss the three main theories | No. of pages: | | | Disk included? | Yes | | | No | X | | Additional Information: | | | | | | Date due: | 26/03/2010 |
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PBC LTD. COMPANY ANALYIS AND STRATEGY FORMATION INTRODUCTION Ghana is one of those countries dependent on cocoa for the hard cash it needs to develop. Ghanaian cocoa does attract a small premium for its flavour‚ particularly from traders supplying the British market. One Ghanaian in four earns their living from the crop‚ which provides 60 percent of the country’s foreign exchange. Cocoa supplies one third of Ghana’s tax revenue. Traditionally‚ cocoa could only be sold to the Ghanaian Cocoa Board
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1. Introduction and History The concept of strategy is as old as the history of wars itself. “The Art of War” the first comprehensive book on strategy was written about 500 BC. The roots of strategy are in competition. The word “strategic” derives from the Greek word “strategos‚” which means “a general set of manoeuvres carried out to overcome an enemy during combat” (Nutt & Backoff 1992‚ p. 56). However‚ corporate strategy gained the recognition of being a separate field of study around fifty years
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Economics of Strategy What are the distinctions among fixed costs‚ sunk costs‚ variable costs and marginal costs? Fixed costs‚ such as SG&A expenses‚ property taxes‚ remain constant as output increases; FC are invariant to output. Variable costs‚ such as labor and sales commissions‚ increases as output increases; VC are variant to output Sunk costs are costs that cannot be avoided; avoidable costs are its opposites; some sunk costs need not be fixed. Marginal costs is the incremental cost
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