Business Scenario As discussed there are three different types of businesses‚ sole proprietor‚ partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running‚ and have the legal knowledge to keep yourself and organization covered. Lastly‚ if you have the knowledge and product
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Explain the work of lay magistrates (10 marks) The work of lay magistrates includes hearing applications for bail (bail act 1976) and for legal aid. Magistrates also sit in benches of three and hear all summary offences and the majority of either-way offences as a court of first instance‚ that’s over 96% of all criminal cases. The majority of either-way offenders opt for a magistrates hearing as they hope for a shorter sentence because the magistrates sentencing powers are limited to 6 months
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that we have competition in the market‚ which allows price to change in response to changes in supply and demand. Furthermore‚ for almost every product there are substitutes‚ so if one product becomes too expensive‚ a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers‚ both the consumer and the supplier have equal ability to influence price. In some industries‚ there are no substitutes and there is no competition. In a market that has only one or few suppliers
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CHAPTER 10: MARKET POWER AND PRICING STRATEGY Introduction We have examined how firms with market power can generate positive economic profit by influencing the price at which their products or services are sold. This conclusion was based on the assumption that firms must charge the same price to all customers. Now we explore alternative pricing strategies and show that when a firm with market power can “discriminate” among customers‚ additional surplus (beyond that achieved by a single-price
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are the main source of finance for SMEs ‚ but SMEs to attract financial institution’s investment or borrowing more difficult‚ even if the bank agrees to lend to SMEs ‚ but also because of the high risk and improve lending rates‚ thereby increasing the cost of financing for SMEs ‚ the second is the pursuit of short-term goals ‚ due to its small size ‚ the proportion of loans invested much more than large enterprises ‚ the surface facing the risk is greater‚ as soon as they are always recover the investment
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follow evil. Do you believe the illuminati is real or fake and why? The illuminati are used in music to influence new worshippers or to give out a message that the devil is powerful. There are many conspiracy theories that people believe that some musicians are influencing or brainwashing many other people.
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allows the trade of such financial securities is known as a financial market. Financial markets aim to facilitate the raising of capital‚ as well as the transfer of risk between economic agents and also international trade. Typically‚ the borrower will issue a receipt‚ or financial security‚ to the lender that promises to pay back the capital gained. Securities such as these can be freely bought or sold within financial markets. The lender should expect some sort of capital gains from these securities
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English in a foreign country is more advantageous than learning it in your own country. There is no doubt that knowing English as a second language provides both‚ professional and personal‚ enormous advantages. These advantages combined with a more and more competitive and globalized world are making learning English a priority for a lot of people. As a consequence‚ the number of people studying overseas is increasing by the thought that it is the most advantageous way to do it. This essay will consider
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Currently thanks to advancing technology businesses are able to now reach a global market and as Priestley expresses (2011)‚ ‘businesses that have less than 10 staff but aren’t limited by geography. They have reach into cities all over the world and could easily be making millions in sales despite a relatively small headcount‚’(p.2)- in order to compete more and more small businesses are finding it necessary to integrate into to globalised entities. Globalization as defined in businessdictionary
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INTERNATIONAL BUSINESS OPERATIONS INTRODUCTION Traditionally international businesses prefer to conduct business in developed countries due to the fact that they are far more sophisticated and structured. In third world countries they encounter serious problems with their economic‚ socio-cultural‚ legal and political circumstances which present the greatest difficulties with respect to business operations. It is more risky to conduct business in these countries. Returns on their investments have
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