organisation‚ which is concerned with the transformation of a range of inputs into the required outputs (products) having the requisite quality level’. Production is defined as ‘the step-by-step conversion of one form of material into another form through chemical or mechanical process to create or enhance the utility of the product to the user’. Thus production is a value addition process. At each stage of processing‚ there will be value addition. In any production function 3 basic factors will be there
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obligation. In its more confined sense‚ it is an agreement between two or more persons‚ concerning something to be‚ done‚ whereby both parties are hound to each other‚ or one is bound to the other. After learning the law of contract‚ we know more about the basic principles of the law governing contracts and use it to solve problems. This assignment includes the explanations of two questions: Question 1: In this passage‚ I describe the differences between offer (proposal) an invitation to treat under common
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Distinguish between primary data and secondary data? Primary data is the data that is collected first hand from the original source for the purpose of making statistical inference while secondary data is the data that is collected by the method of abstraction and is used to make statistical inference by using primary data already collected by an investigator. Primary data is collected by Identifying population of interest choosing sample analyse sample information draw inference from
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1Distinguish between international marketing‚ multinational marketing and global marketing. If we talk in general‚ both Global and International marketing are used interchangeably now-a-days. But if we are talking in terms of marketing theories‚ international marketing was a stage in the evolution of global marketing. Let us see how‚ Stage 1 : Domestic Marketing : Companies manufacturing products and selling those within the country itself. So‚ no international phenomenon at all. Stage
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Federalism is a governmental organization in which authority is divided between two sovereign levels of government. ·National ·Regional Federalism is a method of government where decision on taxes and education are shared between two political powers and are exercised on two levels of government. There are several distinguishing deference’s between federalist‚ unitary‚ and confederation government structures. Federal states may be created in one of two ways · Separate political units may decide
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melting two or more elements together‚ at least one of them a metal. An Example: Examples of alloys include brass‚ bronze‚ 14k gold‚ and sterling silver. covalent bond - A covalent bond is a chemical link between two atoms in which electrons are shared between them. An Example: There is covalent between the oxygen and each hydrogen in (H 2 O). Each of the bonds contains two electrons - one from a hydrogen atom and one from the oxygen atom. Both atoms share the electrons. Combination of silicon
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Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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Distinguish between assertive and submissive communication styles in business As the old saying in china‚ same rice breeds different race of people. It is quite understandable that people’s characters are different. Different characters bring different communication styles‚ different thinking model‚ and different attitude of life or work. For communication styles‚ it includes some different type like the assertive style‚ the submissive style‚ the aggressive style‚ the passive-aggressive style
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1. BIBLE QUIZ 2013 1. 2 CHRONICLES 1 2. Who was King Solomon? Son of David ch1verse 1 2. What did Moses‚ the servant of the Lord make in the wilderness? a. The tent of meeting of God ch1 verse 3 3. Who made the bronze alter? Bez`alel 1verse 5 4. Who was Bez`ael? Son of Uri/son of Hur 1verse 5 5. What did God say to King Solomon when He appeared to him in the b. night? Ask what I wil give you 1verse 7 6. Who said these words‚ "O‚ Lord God. Let they
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Z –Test: a statistical test used for inference (inference – is the act or process of deriving logical conclusions from evidence‚ statements‚ ideas‚ etc. known or assumed to be true) which determines if the difference between a sample mean and the population mean is large enough to be statistically significant‚ that is‚ if it is unlikely to have occurred by chance. The Z – test is used primarily with its standardized testing to determine if the test scores of a particular sample of test takers are
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