Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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What happened to the Ark of the Covenant? The Ark of the Covenant‚ a central part of the Israelites’ worship to God‚ has been an object of fascination for historians‚ archaeologists‚ and even popular culture. From the time that the Ark was created as told in the book of Exodus‚ it followed the Israelites in their quest into the promised land and eventually found its place in the Holy of Holies‚ the inner most room of the Jewish Temple that only the High Priest was permitted to enter in order to offer
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The following quote is from Hillary Clinton’s book What Happened?. "There’s nothing I was looking forward to more than showing Putin that his efforts to influence our election and install a friendly puppet had failed. I know he must be enjoying everything that’s happened instead. But he hasn’t had the last laugh yet." This statement is an abusive argument against the person as it refers to the president as a “friendly puppet.” This means that she is mentioning how she had hoped to stop Putin’s supposed
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strong brand offers many advantages for marketers including: Brands provide multiple sensory stimuli to enhance customer recognition. For example‚ a brand can be visually recognizable from its packaging‚ logo‚ shape‚ etc. It can also be recognizable via sound‚ such as hearing the name on a radio advertisement or talking with someone who mentions the product. Customers who are frequent and enthusiastic purchasers of a particular brand are likely to become Brand Loyal. Cultivating brand loyalty
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and may lead to sacrifices. Narrative structure also applies to the poem “What has Happened to Lulu?” by Charles Causley to demonstrate the story line behind the short and factual words. One of the first ways the director of “Cinema Paradiso” Giuseppe Tornatore attempts to use narrative structure to engage the audience is by clearly portraying the most important setting of the story‚ which is the Cinema. Torantore uses the setting to make us realize that the world has changed. Near the beginning
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The purpose of this paper is to review research conducted on the topic of strategic management and then apply that research to a recent situation that occurred within an organization. This researcher will provide research and insights as to what happened at Circuit City Inc. and discuss how the organization may have made better decisions that would have kept its doors open. Poor strategic management by the organization’s upper management staff represented a key role in why Circuit City closed its
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In how smart are animals? The author Dorothy Patent‚is informing the audience because‚ she is trying to inform us about how animals may or may not be intelligent. She said that animals may be intelligent because in one of the stories of animal intelligence is about a girl how hot stuck in a snow drift and her neighbor dog came and polled her out of the snow drift. Another example of animal intelligence is clever hans‚clever hans was a horse trained to do work problems by a retired teacher. Hans
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"ALLIED DIPLOMACY DURING WW1 IN THE MIDDLE EAST WAS CONTRADICTORY AND CAUSED INSTABILITY IN THE REGION." TO WHAT EXTENT DO YOU AGREE WITH THIS STATEMENT? Due to Britain ’s position as a major power‚ the country was able to reshape the Middle East and formulate agreements with several important cultures. However‚ some of the terms within these treaties were completely contradictory‚ creating dispute and controversy between parties. This very powerful mandate made many mistakes and errors in judgment
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Property Rights: Copyright and Patent Copyrights and patents hold a major importance for business owners‚ and companies. I will discuss in detail what a copyright and patent are and the importance the two of them hold. What is Intellectual Property Rights; it refers to creations of the mind: inventions‚ literary and artistic works‚ and symbols‚ names‚ images‚ and designs used in commerce which leads to patents. What is a patent? A patent is an exclusive right granted
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Community Awards Patents for Green Energy Breakthough A breakthrough in green energy power production has been awarded patents by the international community for a ’game-changing’ power technology. International Community Awards Patents for Converting Air Ions into Electricity Dated: June 9th‚ 2014 Green Energy Breakthrough: ATLANTA‚ GA‚ June 09‚ 2014 /PressReleasePing/ -- The United States‚ Canada‚ China‚ Japan and Russia have awarded international patents to a research firm for a groundbreaking
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