Economies of Scale * This is the cost advantage that a business obtains due to expansion. * That is the factor that cause the average cost of producing a product to fall‚ as output of the product rises as explained in the ‘Dictionary of Economics’. * By achieving economies of scale‚ a company would have the cost advantage over its existing and new rivals. * Further‚ the company could achieve lower long run average cost (i.e. productive efficiency). But if technology changes‚ this
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Citigroup and Subprime Lending Unit 7 Case Study Pg 714 -716 1. Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism‚ rights‚ or justice considerations? Before we discuss the first question let’s get a working description of what subprime leaning is. A subprime lender is financial entity that has an inclination to lend to consumers that are not qualified for traditional loans due to their poor credit status and history of repayment
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Scope of Managerial Economics Economics has two major branches namely Microeconomics and Macroeconomics and both are applied to business analysis and decision-making directly or indirectly. Managerial economics comprises all those economic concepts‚ theories‚ and tools of analysis which can be used to analyze the business environment and to find solutions to practical business problems. In other words‚ managerial economics is applied economics The areas of business issues to which economic theories
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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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‘Scope Creep’ and Scope Change Control In Scope Management Process Student’s Name : Srinivasan Lakshmanan Chettiar Table of Contents Introduction 2 ‘Scope Creep’ 2 Forms of ‘Scope Creeps’ & its impact to 2 Project objectives Scope Change Control 3 Project Out line 5 Project/Product Description 6 Applicability of Change Control Process 8 Conclusion 8 References 9 Appendix
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Scope of Work:- In this section we will discuss about the work to be undertaken as a project manager. A construction project manager sets up the estimates‚ the budgets and the construction timetable for the client and develops the construction strategy for a housing colony. He selects the subcontractors and workers‚ and provides required explanations for the builders and other professionals associated with the project‚ coordinating and collaborating with the architects‚ engineers and specialists
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Enfermagem‚ Latino. Predictive Validity of the Braden Scale for Pressure Ulcer Risk. 2011 January. www.eerp.usp.pr/rlae. Enfermagem study implicates the efficiency of Braden scale as an indicative measures for PU development. Covering four intensive care units of general private hospital considering certain criteria of first‚ second and third assessment of Braden Scale‚ the study is indeed another step to obtain validation that using the scale is effective by achieving cut -off score of thirteen
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ECONOMIES OF SCALE When a firm moves from small scale to large scale production‚ the average cost of production of each unit falls. The reasons for which this happens are known as economies of scale – they are the benefits which result in the cost savings of large scale operations which come about when a firm expands. In other words‚ economies of scale are advantages reaped by firms engaging in large scale production. There are two types of economies of scale. They are: * Internal economies
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1 9/7/2012 English 101 On a scale from 1 to 10 "The Pain Scale" by Eula Biss is a very controversial and interesting piece of writing in which Bliss attempts to determine a scale to measure her pain. However‚ the writer begins to realize that the duty of associating pain with a number and measurement is much harder than it appears due to the fact that she is unsure what it truly means to "measure things". The practice of giving pain a set of numbers was introduced by the hospice
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conclusion from that. The scope is the investigatory project is set out early on in the aims and objectives. You state what you are investigating specifically and what areas you may or may not follow up on. Scope is the extent of reach that an investigation has‚ for example; the police are looking for a car thief. The scope of their investigation is a local one. He enters the next county and then another. The scope becomes regional. The limitations are the faults with the scope. They are the problems
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