Chrysler also known as Americas ‘Big Three’ automobile companies are located in this city. The concept of External Scale Economies can help us explain why these three major companies are located in this area. Scales economies are important for a country because they represent a growth in its economy. Companies are able to produce more products or services at a lower cost of input. “External scale economies are based on the size of an entire industry within a specific geographic area.”1 These companies bulk
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Likert Scales …are the meaning of life: Dane Bertram Note: A glossary is included near the end of this handout defining many of the terms used throughout this report. CPSC 681 – Topic Report Dane Bertram Likert Scale \lickurt\‚ n. Definition: A psychometric response scale primarily used in questionnaires to obtain participant’s preferences or degree of agreement with a statement or set of statements. Likert scales are a non‐comparative scaling technique and a
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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Attempt To Commit Murder Doris McCants American InterContinental University Introduction I’ve been asked by Attorney Cheatham to do some research concerning the case for Mr. G. Ilty Assin‚ who has been charged with attempt to commit murder in the first degree. He is pleading to be innocent and therefore he has hired our firm to represent him in his case. Memo To Attorney Cheatham Concerning: Mr. Assin Explain the elements of murder including what is required
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same end product‚ are done on a much larger scale in industry. The aspects they may differ in are equipment‚ time taken‚ and many other things. In this report I will explain how and why laboratory and industrial scale differ using the example of preparation of aspirin. The first difference is that instead of weighing the 2-hydroxybenzoic acid on scales on a work bench in a beaker as you would in small scale‚ it is easier and safer to weigh it onto scales‚ in a plastic bag on the floor. This is easier
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RATING SCALES INTRODUCTION Rating scales‚ as the name implies‚ are scales for rating each of the characteristics or activities one is seeking to observe or assess. A rating scale is a set of categories designed to elicit information about a quantitative or qualitative attribute. They enable an observer to systematically and objectively observe a person and record those observations. In the social sciences‚ a common example is the Likert scale in which a person is person selects the rating which
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poverty Poverty is the state of one who lacks a certain amount of material possessions or money.[1] Absolute poverty or destitution refers to the deprivation of basic human needs‚ which commonly includes food‚ water‚ sanitation‚ clothing‚ shelter‚ health care and education. Relative poverty is defined contextually as economic inequality in the location or society in which people live.[2][3] For much of history‚ poverty was considered largely unavoidable as traditional modes of production were
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Adidas: Strengths -Strong success in Europe -High-performance products -Recent selling of subsidiary “dog” Salomon -In many invents is the biggest sponsor -Strong management team. -Strong control over its own distribution channel. -In the soccer industry‚ it has a stronghold. -No bad reputation like child labour or environment pollution. -Diversity and variety in products offered. -Strong financial position with minimal long term debts -Innovative designs in footwear enabling consumers
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with the rising problem of poverty. It is estimated that about 38% of the population live in severe poverty (Poverty Bulletin‚ 2005‚ p.9). According to the poverty reduction strategy for Namibia (1998‚ p.1) Namibia is among the most dualistic countries in the world both geographically and economically. Most of the population is situated in the northern regions of the country‚ where majority of the people depend on agriculture as a means to sustain their lives. Poverty in Namibia‚ is a very serious
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