AND SCOPE OF SCALE 2 r r r r r r r r r r r r r r r r r r r r r r r r r rr ew concepts in microeconomics‚ if any‚ are more fundamental to business strategy than economies of scale and the closely related economies of scope. Economies of scale allow some firms to achieve a cost advantage over their rivals. Economies of scale are a key determinant of market structure and entry. Even the internal organization of a firm can be affected by the importance of realizing scale economies. We mostly
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P3 - Explain how to plan a small scale health education campaign relevant to local or national strategies. We first started doing our health campaign on smoking and aimed it on people that were 16 years old and pregnant women. Smoking causes health problems such as several types of cancer which have been broadcasted through advertising and several other campaigns warning people about the repercussions of smoking. There have been many national health strategies to help promote the negative impact
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ECONOMIES OF SCALE Economies of scale are the cost advantages that a business can achieve by expanding the scale of production. That is‚ when long-run average costs (LRAC) fall. Overhead costs (fixed) are spread over more units produced. Overhead costs (fixed costs) are spread more when more units are produced. These lower costs are an improvement in productive efficiency and can benefit consumers in the form of lower prices. Units produced Total cost Average cost
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The ASEAN Summit is an annual meeting held by the member of the Association of Southeast Asian Nations in relation to economic‚ and cultural development of Southeast Asian countries.[2]The league of ASEAN is currently connected with other countries who aimed to participate on the missions and visions of the league. Apparently‚ the league is conducting an annual meetings with other countries in an organisation collectively known as the ASEAN dialogue partners. ASEAN +3 adds China‚ Japan and South
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Functions of the HQ Unit in the Multi-Business Firm‚” do economies of scale and economies of scope provide cost advantage opportunities to firms? · What considerations would be relevant to a firm’s deciding which strategy (scale or scope) to adopt? · How does the choice of executive focus – strategic planning‚ strategic control‚ financial control – influence HQ functions and approaches in a multi-business firm? In economies of scale lower cost of goods sold by leveraging increased production volume
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credit for farm and nonfarm activities was scarce. People in rural areas resorted all manner of sources or means for credit to assist them in their respective business (Nair & Fissha‚ 2010). As it was noted in the study of Andah & Steel (2003) many small farmers and fishermen did not have deposit accounts in commercial banks‚ and the collateral they had available was not satisfactory for commercial lending which posed a great deal of challenge to them in securing credits. The rural folks who were mainly
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The Wechsler Intelligence Scales Overview The Wechsler intelligence scales were developed by Dr. David Wechsler‚ a clinical psychologist with Bellevue Hospital. His initial test‚ the Wechsler-Bellevue Intelligence Scale‚ was published in 1939 and was designed to measure intellectual performance by adults. Wechsler constructed the WBIS based on his observation that‚ at the time‚ existing intelligence tests for adults were merely adaptations of tests for children and had little face validity
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possible. To support pressure ulcer risk assessment several standardized pressure ulcer risk assessment scales have been introduced and their application in clinical practice is recommended (Stechmiller et al.‚ 2008). one of the most common scales used in our hospitals is the Waterlow scale‚ This scale was designed by Waterlow in 1985‚ from study in elderly and acute wards (waterlow‚1985). The Waterlow Scale assigns believed to predispose patients towards developing pressure ulcers: build/weight‚ continence
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presented as a form of internal and external factors. A seven-item questionnaire we designed to measure communication. Two factors of face-to-face communication were investigated through the development and validation of the Interpersonal Communication Scale. External Perception defines an individual’s ability to interact with others‚ and Internal Disseverance refers to one’s desire to remove the distance between the individual‚ which they are communicating. The components of these two factors were explored
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Hamilton depression scale‚ a test that measures clinical depression symptoms. The test is to be administered by professionals only. The test is designed to be used on people who are already suffering from depression. The test is to measure to which degree the person is suffering. In any kind of psychological testing caution must be used to assure accurateness in order to truly help the individual and gain insight into what the test is designed for. The Hamilton depression scale otherwise known as
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