MAKE OR BUY? – THE CHOICES When firms face a “make-or-buy” decision‚ it means that they have to choose whether to insource a particular production process or service or to outsource it to a third party. The word “insourcing” stems from the union of the words “inside resource using” and indicates the “use of internal labor‚ personnel and resources to supply the operational needs of the enterprise” . A firm can decide either to insource –i.e. to produce in-house- a production process or a service
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Week 1 - Nature & Regulation of Companies & Company Operations Legal nature of company Separate legal identity‚ distinct from owners Companies act through ‘agents’. eg. shareholders elect board of directors to act on their behalf Public Company (Ltd.) Limited liability of owners • Raises funds from public Types of companies Private Company (Pty. Ltd.) • • • • • • • • • Regulation of companies Corporations Law: Companies must keep proper accounting records; prepare yearly & half-yearly FS;
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"God will know what ethical decisions we will make". Discuss. Although as humans we behave as if we are free‚ it is possible that our actions are determined by an external force beyond our control. Although it appears that every event has a cause‚ some believe that only God knows what we will do and when. There are three main approaches we should consider when answering this question; Hard Determinism‚ Libertarianism and Soft Determinism. Hard Determinism is the theory that everything
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My report is about Chad‚ it is a large country in the north-central part of Africa. These are some of the interesting statistics I learned about Chad. The republic of Chad is the largest country of the former French Equatorial Africa. It occupies 1‚284‚000 km and had a population of 4‚752‚000. It is bounded on the north by Libya‚ on the east of Sudan‚ on the south of by the Central African Republic‚ on the southwest by Cameroon‚ and on the west by Nigeria. The capital is N’Diamena‚ formerly known
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What is operations management? Operations management is an area of management concerned with overseeing‚ designing‚ and controlling the process of production and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed‚ and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms
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There are many different advantages and disadvantages of different types of business ownership‚ such as being a sole trader‚ in a partnership‚ franchises and limited companies. Sole Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues
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Types Of Buying Decision Behavior Buying Decision differs from person to person. Deepening upon the need of the person‚ the decision gets change; Even if the product is small. There are different factors which influences the nature of buying. Hence buying decision has been classified into four different categories such as Complex buying behavior‚ Dissonance Reducing buying behavior‚ Habitual buying behavior and Variety seeking buying behavior. These are classified depending upon the degree of involvement
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minister’s friends to make him seem blameless was the analogy that his sins are just like the sins of everyone else.English Test 5 Chapters 1-6 flashcards | Quizlet quizlet.com/30846533/english-test-5-chapters-1-6-flash-cards/ Quizlet What conclusion can you draw from the fact that every new colony must provide a prison and cemetery at once? Many bad people come to the colonies that ... what conclusion can you draw from the fact that every new ... www.chacha.com/.../what-conclusion-can-you-draw-from-the-fact-that-e
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Process Types P. 101-108 Basic Concept Volume and variety affect process type; usually low variability goes together with high volume and vice versa. Other factors involved or affected are diversity and repetition as well as continuality or intermittency of production. The position in the volume variety matrix shapes the design and approach to managing activities. These approaches are called process types. Process Types Project Processes Discrete‚ highly customized products/goods
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To run‚ or not to run--that is the question: Whether ’tis easier to race And face the harsh pains of a race Or to stay lazy And‚ by not moving‚ avoid pain To run‚ to hit the adrenaline rush- No more – and by running to say I face The early morning preparations for the events That each race day holds ‘Tis a situation I do not wish to face To run‚ to race- To fall perhaps too hard. Ay there’s the problem‚ For in running what events may come about When we are hiding from the finish
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