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3. Briefly describe the general environment of technologic progress. Why might the market deliver a suboptimal level of technology? Be sure to discuss at least three of the determinants of technological development. 4. What are the three strategic sectors of a modern economy? Choose one of the three and discuss its importance with explicit examples.…
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The first part of my assignment is based on a social problem in today’s society. I will then use a couple of problem solving techniques to come to a conclusion on how I believe the problem should be solved. The second part of my assignment will be based on a Business which I believe is creative. It will give…
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For my assignment I have chosen Tesco’s. In order for this business to operate it needs four factors of production; the capital, the labourer, the entrepreneur and the land. In this essay I will include information on Tesco’s Physical, technological, human and financial resources. Tesco’s physical resources include their premises, plant, machinery, equipment, materials and stock. Tesco’s technological recourses include; intellectual property, experience and skill, software licensing, patients and copyrights. Human Resources are known as Personnel. Personnel teams work to ensure managers across the business have world-class skills and tools to meet the needs of the customers. Tesco’s financial resources include; is Tesco’s a successful…
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Duckett’s overall sales increase was mainly through the growth in web-driven sales. She claims this is a contributor to having a solid IT infrastructure. Duckett’s growth came from websites sales international when she finally embraced what information technologies could do for her business. Information technologies helped her to educate her customers about curtain design, making it easier to match materials, select colors, and how to care for the products she sells.…
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