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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Explain the advantages and disadvantages that large firms have over smaller firms and vice-versa‚ in the pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over
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debts and liabilities the business accrues. There are lots advantages by being a sole trader. The first advantage is easy formation. The formation of sole proprietorship business is very easy and simple. No legal formalities are involved for setting up the business excepting a license or permission in certain cases. The entrepreneur with initiative and certain amount of capital can set up such form of business. Another advantage of sole proprietorship is flexibility in operations. The sole proprietorship
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Advantages of the Database Approach * == Data Independence == * The data is held in such a way that changes to the structure of the database do not effect any of the programs used to access the data. * == Consistency of Data == * Each item of data is held only once therefore no danger of item being updated on one system and not on another. * == Control Over Redundancy == * In a non-database system‚ the same information may be held on several files. This wastes space
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[pic] Medical – Health & Family Welfare‚ Education 1. Motive : To provide the Medical related facilities and prevention of Health to each and every‚ last person of the Nation. 2. Reason : As per present scenario Government Medical Institutions are able to serve/treat only 20% of the Indian population. Rest 80% have to depend upon private sector. 3. Source : Co-operative or Private Public Partnership (Where Management is private while Government place a supportive role). 4. Content : a.
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Discuss the advantages and disadvantages of the purposive approach. (10 marks) There are many advantages to the purposive approach. Firstly‚ it gives effect to Parliaments intentions and avoids injustice‚ so the judges can avoid obvious absurdities and injustives so enables them to comply with Parliamentary sovreignity by doing what Parliament would have wanted; even though it’s ignoring the clear meaning of the words Parliament used. For example‚ in Coltman V Bibby Tankers when they had to interpret
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catch images of pitiful accidents and most of them come from cars and motorbikes. In Vietnam‚ a developing country of Southeast Asia‚ where almost people do enjoy the convenience and privacy of traveling in their own private vehicle is motorbike‚ no more than to speak that traffic accidents are really an obsession. It is a very different picture from developed countries. These countries‚ everyone often select public transport instead. According to Regional Transit Authority report‚ in United State
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save money. Here are the top advantages of outsourcing: • allows you to get the services of higher quality and/or cheaper; • improves the innovative opportunities of the company due to the interaction and partnership with world-class supplies‚ who have a great intellectual potential and rich innovative experience; • provides greater flexibility in the event of a sudden change in market conditions or consumer preferences: it is easier and cheaper to find new suppliers with the necessary capabilities
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1. Disadvantage 1. It destroys your social life and interactions with humans if you do not maintain the balance. 2. It may effect to the destruction of your eye sight due to radiation. 3. It may cause pimples and wrinkles. 4. It may damage your studies and life. 5. Too much time in front of monitor may adverse effect your eye sight and can also make you fat. 6. The way it distracts and can deviate our thoughts and activities towards unproductive activities. 7. It could cause violation
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What are the advantages and disadvantages to teamwork? Teamwork‚ some think it’s just plain boring while others think it’s fun and very helpful. Teamwork mostly only has advantages. We can see them and name them. Meanwhile‚ teamwork also has small disadvantages here and there‚ usually hard to see them in our everyday work. Why is it worth working in a team and sometimes not? Would you work in a team and get things done faster and more professional or would you rather work by yourself
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