Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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Should bicycle be promoted as major transport in Hong Kong? In the recent years‚ the bicycle has become one of the popular exercises in Hong Kong and some legislative councilors advocate to promote cycling as major transport so as to sustain the low-carbon living. This promotion has given rise to many discussions in the society. While some advocates believe riding bike can enhance the citizens’ health‚ others concern that cycling may increase the danger of other road users. This paper examines
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their mark or failure. How can there be more drive or motivation to do better‚ what can I do to encourage or motivate them further? Questions – One or two specific questions that came to mind during this reading are… The chapter talks about moving away from formal testing and towards overall assessment schemes‚ description-based and formative. This certainly has not been adapted into the Hong Kong school system. Do you think something like this could ever come about? If not is there a way to
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05/08/2012 Last topic: THEORY OF THE FIRM Topic 5 Market Structures (I) Nature of the firm Theory of production Fixed v/s Variable factors Time periods Product concepts – TR‚ AR‚ and MR Product curves & Economic intuition Theory of costs – Short Run TC‚ FC and VC (AFC‚ AVC and SAC) SAC and SMC Cost curves & Economic intuition Relationship between product and cost curves Theory of costs – Long Run TC LAC and LMC Cost curves & Economic intuition Economies and Diseconomies of scale Theory
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Submission Date: 21 March 2013 Based on the Hong Kong’s cultural traits of Geert Hofstede’s research‚ Hong Kong has high level of power distance index‚ medium level of masculinity‚ low level of uncertainty avoidance index and low level of individualism. I partly agree with the results. I only agree the first three of cultural traits of Hong Kong and I think Hong Kong is more likely to be medium level of individualism. About the power distance index‚ Hong Kong has high level result is quite proper.
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The different steps in a typical police application process include the following: A written test. There are two written tests in the selection process: The first test is the Alberta Communication Test (ACT) and The Alberta Physical Readiness Evaluation for Police (A-PREP). There is a Screening Interview were the applicants is contacted by a File Manager to arrange a one-on-one interview. The purpose of this interview is to discuss and outline expectations of the selection process. Following the
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Contents 1) Executive Summary 2) Objective 3) Mission 4) Marketing Objective 5) Key to Success 6) Company Summary 7) Company Ownership 8) Management Summary 9) Industry Analysis – Porter’s Five force 9.1) Rivalry among existing firms 9.2) Potential of new entrants into industry 9.3) Power of suppliers 9.4) Power of buyer 9.4) Threat of substitute products 10) Macro-environmental – PESTAL analysis 10.1) Political and legal environment 10.2) Economies environment 10.3) Social &
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Prostitution in Hong Kong-is it legal or not? Prostitution or otherwise known as sex work is regarded legal in Hong Kong. Nonetheless‚ why sex workers are still living and working in their own shadows‚ as if this occupation is illegal and offensive in this metropolis? Below may help you to know more about prostitution-related laws in Hong Kong. Sex workers in H.K. can easily be caught under 9 laws related to prostitution‚ including 7 crime ordinances and 2 immigration ordinances. A more common
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Hong Kong Disney: the good and the bad Introduction:Disney Disney was founded on October 16‚ 1923‚ by Walt and Roy Disney as the Disney Brothers Cartoon Studio‚ and established itself as a leader in the American animation industry before diversifying into live-action film production‚ television‚ travel‚ and theme parks (The Walt Disney Company‚ 2012). Disney went on to construct theme parks in California‚ Florida‚ Tokyo‚ Paris‚ and Hong Kong. Today Disney is the largest media conglomerate of the
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their power against stakeholders e.g. customers‚ employees‚ suppliers‚ public‚ communities”. Do you agree or disagree? Explain what you answer is and why have you reached that conclusion. You are to include a clear rational argument for your case that has strong examples to support your thinking. Unlike shareholders who are solely interested in return dividends and share price growth‚ stakeholders have wide variety of interests in how companies operate. Freeman (1984) stated that stakeholders are
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