Vertical Integration Vertical Integration deals with the degree to which a firm owns its upstream suppliers and its downstream buyers. When a firm becomes vertically integrated it means that it has incorporated all the aspects of the supply chain including manufacturing‚ distribution‚ warehousing‚ and even retailing. Specifically there are two types of vertical integration‚ backwards and forward integration. Backward or upstream integration is when a firm takes command of a function that its suppliers
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WRITE SHORT NOTES ON THE THREE TYPES OF LEGITIMATE AUTHORITIES IDENTIFIED BY MAX WEBER. Max Weber‚ a sociological and philosophical worker defined authority as the chance of commands being obeyed by a specifiable group of people‚ and legitimate authority as that which is recognized as justified by both the ruler and the ruled. He further identified three typesof legitimate authority; Rational-legitimate authority‚ Traditional authority‚ and finally the charismatic authority. RATIONAL-LEGITIMATE
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Political‚ economic and legal aspects in European integration issues. Communities. The first step in post-war integration was the European Coal and Steel Community (EC&SC)‚ the treaty signed in Paris on 18th April 1951 (entered into force on 23 July 1952. It expired in 2002. Another two fundamental treaties were signed in Rome in 1957 by the six original member states in order to form the European Economic Community - EEC and EURATOM Treaty (European Atomic Energy Community). These treaties
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Unit 2 Summary notes – Nikhil Pillai Measurements of economic performance Economic growth Two meaning of the term economic growth: - Actual growth‚ increase in real incomes or GDP - Potential growth‚ increase in the productive capacity in a country Real values are adjusted to remove the effects of inflation. Nominal values are current incomes that are not adjusted For GDP to have any significance in terms of standards of living; figures must be given per head (or per capita). E
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CHAPTER 15 REGIONAL INTEGRATION 1. OVERVIEW OF RULES (1) | Regional Integration In addition to the global economic regime based on the GATT and IMF systems‚ which has sustained the world economy since World War II‚ regionalism‚ through which neighbouring countries seek to strengthen their economies by entering into some form of "regional integration" has become a major trend. This trend was triggered by the EU market integration. In both developed and developing countries‚ customs
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Dilkash Europe Visit 05 Countries 10 Nights/11 Days IRELAND NETHERLANDS UNITED KINGDOM AMSTERDAM LONDON BELGIUM BRUSSELS POLAND GERMANY CZECH REPUBLIC PARIS SLOVAKIA MUNICH AUSTRIA FRANCE SWITZERLAND INNSBRUCK CENTRAL SWITZERLAND HUNGARY VENICE ITALY FLORENCE PISA PORTUGAL SPAIN ROME Highlights • A tour at a budget price. • Delicious unlimited Indian Jain / vegetarian / non vegetarian meals included. • Enjoy daily Continental buffet breakfast. • Guided city tour
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European Integration Date: 09.01.2014 Introduction The following paper will provide an overview on the importance of the regional union of Balkans countries before joining European Union. Initially the paper will describe the main forms of integration and the main benefit for each of them. Furthermore‚ the paper will explain the main barriers of political integration of the Albania‚ Macedonia‚ Kosova and Montenegro. The essay will be based in the daily political development of the
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MODULE - 4 Contemporary India: Issues and Goals National Integration and Secularism 24 Notes NATIONAL INTEGRATION AND SECULARISM You must have learnt and recited our national anthem‚ ‘Jana-gana-mana’. You would have also solemnly recited it with others on several occasions‚ especially while celebrating national events‚ such as Independence Day and Republic Day. At times there may be a curiosity in you to know what core ideas does the national anthem communicate? And why does it contain
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Chapter 6 Vertical integration Definition: Corporate Strategy is a firms theory of how to gain a competitive advantage by operating in several businesses simultaneously. Value chain is a set of activities that must be accomplished to bring a product or service from raw material to the point that it can be sold to a final customer Vertical integration is simply the number of steps in this value chain that a firm accomplishes within its boundaries. - Backward vertical integration= a firm incorporates
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Page 1 COMPILED BY HOD ECONOMICS MRS. CHANDRA R INDEX S NO 1 TOPIC PAGE NO 3 - 20 INTRODUCTION TO MACRO ECONOMICS 21 – 35 2 AGGREGATE DEMAND AND AGGREGATE SUPPLY 3 36 - 43 MONEY AND BANKING 4 44 - 49 GOVERNMENT BUDGET 5 49 - 58 BALANCE OF PAYMENT AND FOREIGN EXCHANGE 6 59- 66 BOARD PAPER 2013 DELHI 7 67 - 75 MARKING SCHEME Page 2 COMPILED BY HOD ECONOMICS MRS. CHANDRA R HANDBOOK OF MACRO ECONOMICS NOTE: THIS STUDY MATERIAL IS
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