PERFECT COMPETITION Short Run Equilibrium of the Firm Under Perfect Competition: Definition and Explanation: By short run is meant a length of time which is not enough to change the level of fixed inputs or the number of firms in the industry but long enough to change the level of output by changing variable inputs. In short period‚ a distinction is made of two types of costs (i) fixed cost and (ii) variable cost. The fixed cost in the form of fixed factors i.e.‚ plant‚ machinery
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2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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1.Respondents that uses different types of water at home. On this survey‚ we included on what type of water did the prospected customer uses at home and for us to innovate and established a well-organized business. Based from the tabulated results‚ it shows that our proposed business "AQUA BEST PURIFIED DRINKING WATER" fits to needs of our prospected customer since 90% of them uses purified drinking water at home. 2.Respondents way in refilling Purified drinking water. On our survey
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It is dangerous to be different to the rest of society. Identity states how ones need to be. It is a self-representation of ones interests‚ relationships‚ social activities and more. Sometimes‚ when ones identity is totally different to the rest of society‚ it will be dangerous because of bullying or discrimination. However‚ it is needed to be different to the rest of society in order to be ourselves. It is dangerous to have different appearance or style of clothing to the rest of society.
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Different Types of Human Communication The process of communication between human beings has been studied and analyzed since the beginning of time. We begin communicating the moment we are born and do not stop communicating until death. Most animals communicate with each other in some way. Dogs bark at those they see as a threat in order to communicate their hostility and in some cases the threat that they will attack if provoked. They use “body language” as well as sound and smell in order
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Memory and the Different Types of Memory Abstract This paper explains the differences between the each type of memory. Research will also show the roles of each memory system and how they pertain to memory. This paper will concentrate on each area of memory and will explain the problems of forgetting. Memory and the Different Types of Memory Memory can be defined as a “processes that are used to acquire‚ store‚ retain and later retrieve information. There are three major processes involved
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3. Among the different types of leadership styles‚ which style would be suitable to a democratic country like India to become superpower in business? Justify your answer. LEADERSHIP "The only definition of a leader is someone who has followers." To gain followers requires influence but doesn’t exclude the lack of integrity in achieving this. Indeed‚ it can be argued that several of the world’s greatest leaders have lacked integrity and have adopted values that would not be shared by many
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If supply curve shifts‚ how it is going to affect the market equilibrium. How market will resettle to the new equilibrium?? Changes in price result in movement along the supply curve‚ changes in other relevant factors cause a shift in supply‚ a shift of the supply curve to the left or right such a shift results in a change in quantity supplied for a given price level. If the change causes an increase in the quantity supplied at each price level. If the change causes an increase in the quantity
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Title: | 1. Decoding the Jargon | Assessment Criteria: | P1 P2 M1 | Purpose / Aims (learning outcomes) | LO1 Understand the components of computer systemsP1 Explain the function of computer hardware componentsP2 Explain the purpose of operating systemsM1 Compare the features and functions of different operating systems | Introduction (Scenario) | You have been approached by a small business ‘ABEC Media’ (selling music & film memorabilia) who are in the process of
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Five Types of Information Systems Information systems are constantly changing and evolving as technology continues to grow. Very importantly the information systems described below are not mutually exclusive and some (especially Expert Systems‚ Management Information Systems and Executive Information Systems are can be seen as a subset of Decision Support Systems). However these examples are not the only overlaps and the divions of these information systems will change over time. At present there
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