* What is a business model explain it with an example and a comparison? A plan for the successful operation of a business‚ identifying sources of revenue‚ the intended customer base‚ products‚ and details of financing. * What is an Airline? an organization providing a regular public service of air transport on one or more routes. * What is an Airport? a complex of runways and buildings for the take-off‚ landing‚ and maintenance of civil aircraft‚ with facilities for passengers. * Past and the future
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The Price Leadership or Dominant Firm Model I think this model is easiest to learn diagrammatically‚ and then mathematically. Here is the graph and then an explanation of what is happening: Notice first the total market demand curve for the industry as a whole. Then notice the marginal cost curve for the competitive fringe of firms. This is a model in which there is one firm which is dominant and then a fringe of small firms who are so small that they behave like perfectly competitive firms
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The social model is the view of the disability not being the child or young people fault its society that disables the people. Also the social model focuses on our thoughts addressing the issue for example what do we need to do enable this person to achieve their full potential. The social model puts the emphasis on the way in which society needs to change‚ in contrast to the medical model which expects disabled people to change to fit into society. The strength of the social model is that it identifies
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------------------------------------------------- Certificate in Further Education Teaching ------------------------------------------------- PTLLS / CTLLS 7304 Level 3 / 4 Assignment 6: Explain/justify the need for keeping records and describe the types of records you would maintain? 1st of November 2009 Record keeping Record keeping is an essential element without which it would be impossible to ascertain many important factors integral to the teaching and learning process. How a learner is progressing‚ whether they attended
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Example 5.4: Producing and Shipping Tomato Products at RedBrand The RedBrand Company produces a tomato product at three plants. This product can be shipped directly to the company’s two customers‚ or it can first be shipped to the company’s two warehouses and then to the customers. Figure 5.17 is a network representing RedBrand’s problem. Nodes 1‚ 2‚ and 3 represent the plants (suppliers denoted by S)‚ nodes 4 and 5 represent the warehouses (transshipments nodes denoted by T)‚ and nodes 6 and
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Minimum Support Prices A Microeconomics Project This project analyses the Minimum Support Prices (MSP) applied by Government of India. Justification for the MSP applied to wheat is also given. Finally‚ measures to reduce the MSP expenditure are recommended. ACKNOWLEGEMENTS We would like to thank our mentor Dr.Chandrima Sikdar for making herself available whenever we asked for any help and advice. Regular discussions with her molded our approach to problem solving. She showed us the importance
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was that an investor in the Mean-Variance World would complete the following process to construct her or his optimal portfolio: 1) The investor would first estimate the various inputs needed to build the Old Efficient Frontier. The inputs that the investor needs to estimate are the expected returns and the variances of all the risky assets‚ and all of the covariance terms across all of the risky assets. 2) Using these estimates‚ the investor would then construct the Old Efficient Frontier. This requires
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Explain the concept of ‘models’ and discuss the various types of models. Use appropriate examples. A model is a pattern‚ plan‚ representation‚ or description designed to show the structure or workings of an object‚ system‚ or concept. A model can come in many shapes‚ sizes‚ and styles. It is important to emphasize that a model is not the real world but merely a human construct to help us better understand real world systems. In general all models have an information input‚ an information processor
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mandatory minimums as a way to keep offenders in prison for a longer period of time. However‚ evidence provided by the media is not entirely honest. Studies conducted by Statistics Canada have shown an extensive decline in non-violent and violent crimes over the past two decades. The Crime Severity Index (CSI) has decreased by 3% since 2013‚ “declining from 68.8% to 65.7%; [which was attributed] to a [decline] in robberies and breaking and entering” (Boyce‚ 2014‚ pg.3). In 2014‚ the Police Reported
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education means to reject our own minds. To ask what is wrong with the idea of education‚ then‚ is to ask what is wrong with modern economic society. It is really difficult to imagine the world without education. First of all‚ without education‚ technology would not exist. There would not be any facilities that make life easier. For example‚ it would be impossible for somebody to communicate directly with his/ her relative who lives in a different country. He would not be able to use the telephone as the
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