Demerits of specialisation include-exquisite flowers, Business Management

Assignment Help:

Demerits of specialisation include:

  • There is superior risk in providing only a restricted range of products or services, i.e. individual traders are not capable to enjoy risk bearing economies of scale
  • Repetitive and Specialisation tasks can become boring and de-motivate the worker. In this case, Natalie may get 'fed up' with selling only flowers
  • There is a restricted customer base if firms specialise excessively in the provision of one or two products only; this therefore reduces their profitability.


Related Discussions:- Demerits of specialisation include-exquisite flowers

International business, VK Ltd a multi product company, furnishes you the f...

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.4

Quality defined in a generic sense, 1) Discuss fully 7 points of TQMS withi...

1) Discuss fully 7 points of TQMS within the 14 step framework as defined by the Deming. - Please ensure you provide the pros and cons of each point you discuss 2) How is Qualit

Explain the theories of belbin and tuckman, Mr. Brian Smith is the 0fficer-...

Mr. Brian Smith is the 0fficer-in-charge of a group of 15 persons, all posted in the correspondence/registry services of the Texman Services, a company in the insurance business.

Develop a computer-based information system, Question : a) The informat...

Question : a) The information requirements of an organisation can be categorised as follows: • Information for planning; • Information for controlling; • Information f

Developing a procurement management plan, Question: (a) A project mana...

Question: (a) A project manager must take ownership of the project at its early stage through the following tasks namely stakeholder identification and analysis, prepare busin

Difference between personal and business letters, Problem 1 Explain the...

Problem 1 Explain the importance of Business Letters. Differentiate between Personal and Business Letters. Importance of Business Letters Difference between Personal and

Allocation of country resources to the price mechanism, What are the benefi...

What are the benefits of leaving the allocation of country resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or goods

Business environment-socialism & communism, A summary of the important fact...

A summary of the important facts in the article EXPLAIN/RELATE THE ARTICLE TO ANY OF THE THREE BELOW: 1) Business environment (technological, social, global, economic, poli

How is effective delegation affected in the organisation, How is the Effect...

How is the Effective Delegation affected in the organisation? Effective Delegation: Effective delegation is said to exist while an executive in place of doing all the thi

Write Your Message!

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd