Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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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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in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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Grading Scale 2 Robert Hernandez English 102 Research paper Grading Scale Anyone who has attended a high school or college will readily say that one of the most stressful aspects of the entire experience is grades. Students will loose hours of sleep per night poring over textbooks‚ clutching a pen in one hand and a mug of Starbucks coffee in the other. They soon foster an obsession with achieving and maintaining perfect grades to the point where anything that earns less than "A" is a disgusting
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Economies of scale are the factors that lead to a reduction in average costs as a business increases in size. There are five economies of scale Purchasing Economies When businesses buy large numbers of components‚ for example materials or spare parts‚ they are able to gain discounts for buying in bulk. This reduces the unit cost of each item bought and gives the firm an advantage over smaller businesses which buy in small quantities. Marketing Economies
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The pH Scale is a scale made to show how acidic or alkaline a substance is. The pH of something is measured with pH paper which can vary from wide range paper‚ which covers all ph’s‚ but is not as accurate at some others. There are pH papers that get very specific that can have a range such as 2 or 3 and get much more precise. The neutral on the scale is 7. Anything that is below 7 is considered acidic and anything above 7 is considered alkaline. Acidic substances contain more H+ than OH-. H+
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Intelligence is defined as the capacity for learning‚ reasoning‚ understanding‚ and similar forms of mental activity (Myers‚ David G). For being an easy concept to understand‚ it’s actually very difficult to thoroughly examine with confidence. Intelligence tests have been studied for decades. A few of the hurdles for these tests are reliability and effectiveness on producing a genuine result. It has been transformed into a scientific process. A key scientific process is asking questions to find out
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of intelligence is the best known compromise between the singular intelligence theory and the multiple intelligences theory. This model of intelligence proposes that there is a ‘g factor’ or general intelligence factor which was taken from Carroll’s original model. In the CHC model the general intelligence factor is made up of many different cognitive abilities. The piece that was taken from the Cattell&Horn model was the idea that there are two main types of intelligence: fluid intelligence and
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MTD Training Emotional Intelligence Download free eBooks at bookboon.com 2 Emotional Intelligence © 2010 MTD Training & Ventus Publishing ApS ISBN 978-87-7681-600-1 Download free eBooks at bookboon.com 3 Contents Emotional Intelligence Contents Preface 7 1. 1.1 1.2 1.3 1.4 Overview of Emotional Intelligence Introduction Theories of Multiple Intelligences The Importance of Emotions Emotions and the Brain 9 9 10 11 13 2.
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Differential Loneliness Scale for Non-student Populations Marcia James South University Virginia Beach Individual Assessment CNS 6526 Dr. Susanne Preston March 01‚ 2013 Differential Loneliness Scale for Non-students Populations DESCRIPTION OF THE ASSESMENT The Differential Loneliness Scale for Non-student Populations (DLS; Schmidt & Sermat‚ 1983) is a self-report instrument used to assess levels of loneliness. This is a 60-item measure used to assess loneliness as well as specific
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