Chapter 2 Economics Problem Production Possibility Frontier (PPF) -boundary between those combination you chose to produce - there is a limited about of production capabilities -curve/ boundary for production possibility - the points inside curve are attainable -all points outside ppf are unattainable Production Efficiency -using resources to maximum capacity -efficiency means that if you increase production of pizza means you must give up cola (only way—no extra resources to use)
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Small companies are very important to our economy as they employ large number of employees in our economy and they are flexible and generally locally operated which means exchange of money stays in the community and they pay sales tax‚ business tax and wages which are spend locally. You take an example of locally owned restaurant business (Restaurants can also be considered as small companies) where restaurant purchases raw material from a grocery store or from a farmer locally and hires somebody
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ordering‚ and must plan its orders accordingly (Jane‚ 2011). Companies take an inventory of the supplies on a regular basis in order to avoid running out of popular items. Others take an inventory to ensure the number of items ordered matches the actual number of items counted physically. Companies take an inventory every quarter in order to generate numbers for financial reports and tax records. Ideally‚ most companies want to have just enough inventories to meet current orders.
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Essay: What is Hindutva‚ and what role has it played in Indian identity politics? Through the duration of my study‚ it has become clear to me that Hindutva has many different meanings to many different people. Although there are many differing interpretations of Hindutva‚ at its core it is simply an ideology. Hindutva literally means Hinduness‚ which is‚ as it sounds‚ a way of life or a state of mind that is based on both a cultural and spiritual ethos. Hindutva is a spiritual philosophy founded
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2013 Analysis of Betty Friedan’s The Problem that has No Name through the lens of the Patriarchal culture of the post-war society Feminism has been‚ as a social movement‚ one of the most significant historical events of human history. The publication of Betty Friedan ’s book “The Feminine Mystique” makes reflections on the identity of women‚ as defined and identified by the functions they perform (housewife‚ mother‚ etc). Its first chapter The Problem That has no Name serves as a starting point for
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What has been the impact of the concentration of media ownership on media diversity? The term ‘concentration of media ownership’ describes the apparent practice whereby gradually fewer organizations or individuals have direct control over ever-increasing shares of the mass media among public consumers; other terms in relation to this are ‘media consolidation’ and ‘media convergence’. The concentration stems from institutions merging to secure a more stable financial status as well as greater corporate
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Problems Faced by Small and Medium Pharmaceutical Companies Small and medium enterprises (SMEs) in their endeavour towards trans-nationalization and exports are confronted with several issues. These include: lack of expertise‚ training and finance for technological up-gradation and adoption of good manufacturing practices (GMP) by SMEs to meet global quality standards; limited exposure and expertise on IPR issues; limited adoption of information technology (IT) techniques in production and processes;
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meltdown of 2008/09‚ it is especially pertinent for firms‚ especially financial institutions‚ to implement sound CSR practices and be responsible in dealing with their stakeholders. After all‚ the essence of CSR is instilling “trust” – trust in a company to make the responsible decisions. This ultimately enhances brand value and reputation. United Overseas Bank (UOB) is one such institution. A leading bank in Asia with a network of over 500 offices in 18 countries and territories in Asia Pacific
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What Life’s Greatest Lessons Has Taught Me Have you ever sat down and actually thought about your life? Like really thought about it‚ the choices you have made‚ the mistakes‚ the things you have said both good and bad‚ and the attitudes you have had towards people. Well I personally never thought it was important. I was stubborn‚ so bull-headed. I never took any advice from anyone. It was my way‚ or the highway. I never thought I had to listen to what anyone told
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Technology has changed the way that business is done in today’s world. So many technological advancements have occurred in the last couple of decades‚ and even greater innovations seem to be on the horizon. The information age is in full force and nearly every business or organisation has a digital component. Whether this trend is positive or negative may never be determined but it certainly is different. Here are a few thoughts on the effects of technology in today’s business world. Many large
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