Petrol companies have the market structure of an oligopoly. An oligopoly is a market structure where there are a few dominant firms whose behavior is interdependent. There are a few dominant firms relative to market size‚ and they each command a large proportion of the market share‚ thus having strong monopoly power. Examples of petrol companies include Shell‚ Caltex and Exxon Mobil. Their demand curve is downward sloping‚ meaning that they are price setters. Petrol is a homogeneous product‚ hence
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Organization structure is defined as the way that an organization arranges its employees and management so that efficient work can be performed and it can meet its targeted goals.2 When an organization is small‚ a sole proprietorship or partnership where face-to-face communication is frequent‚ formal structure may not be necessary. In a larger organization such as a corporation or limited liability company‚ a more defined structure must be utilized‚ as decisions have to be made about the delegation
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to bring about change to their government. This dissatisfaction with the current political system is what eventually encouraged Cleisthenes to implement his reforms and by extension‚ what caused Democracy to emerge. While Cleisthenes is credited with creating Democracy‚ in order to create it there had to be people before him whose political philosophy influenced him and first put Athens on a path towards Democracy. The first significant person to start Greece
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The efficient design of structure of any organization requires the analysis involving some parameters and hypothesis. The main factors presented by MINTZBERG with the respective hypotheses (from H1 to H16) associated to the organizational configurations structures are the following: - Related to the age and size of the organization. H1: How much older‚ more formalized will be the behavior of the people from the organization. H2: The organizational structure reflects the time of the sector. H3: How
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evidence to support that evolution did indeed happen. Evolution is the changes in a population over time‚ it’s explained through descent with modification and natural selection. The findings from earlier thinkers all back this evidence up. Charles Darwin used evidence he found from research and studying the work of other scientists who studied fossils to support his claim that modern organisms are the descendants of ancestral species that were different from those of today. Darwin based his ideas
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(Shanta) This week assignment is on functional area interrelationships. Team A will be stating the primary reasons of Kudler Fine Foods existence‚ its analysis of the mission‚ vision‚ values‚ and goals. Second Team A will analyze Kudlers organizational structure and identify the key positions that support their organizational structure. Then we will identify and explain the steps of the collaboration process among the functional areas that must be employed to achieve organizational goals. Prepare
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Organizational Structure: A Critical Factor for Organizational Effectiveness and Employee Satisfaction August 2007 Craig W. Fontaine‚ Ph.D. Northeastern University College of Business Administration Based on: C.W. Fontaine‚ How Organizational Structure Impacts Organizations. First Annual Conference on Organizational Effectiveness‚ Chicago‚ IL 2006 © 2007 Northeastern University Executive Summary “Organizational structure is perhaps the least understood and most under-appreciated
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The civilizations that sustained have learned from the ones that have collapsed. They learn not to make the mistakes those that have collapsed have made‚ they improve and adapt. Some use the mistakes of others to make them collapse so they can sustain. By knowing what they need to do to improve‚ they can make sure that they don’t collapse. Civilizations sustain with a social structure‚ a stable government‚ and a culture to prevent chaos and create trust. All civilizations have had its people divided
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Why Did Islam Spread so Quickly Through the World There are 1.6 billion Muslim people in the world today‚ that is approximately 23% of the world’s population.Islam was founded in 610‚ by the Prophet Muhammad. The religion appealed to many people due to the fact its rules were right and just. Islam spread to many regions in the beginning‚ and now is the #3d largest religion in the world. One of the major factors of the spread of islam was trade‚ trading helped the spread of islam because it brought
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passengers (Grossman). Zeppelins were used in World War Ⅰ for bombing‚ military observation of the enemies and their territories‚ and after the war ended‚ as passenger transporters. Even as of 80 years later‚ this event still has no definite answer for the explosion. Yet‚ there are many theories about why the actual explosion took place. Although‚ while some theories suggest that sabotage caused the Hindenburg to explode‚ evidence shows that bad design‚ dangerous weather‚ and a hydrogen leak combined to
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