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Value Chain
It is the collection of activities within an organization that allows it to compete within an organization. The activities in a value chain can be grouped into two parts. The first is primary activities which include inbound logistics like materials handling; operations outbound logistics like distribution marketing and sales and after-sales service. The second is support activities that include human resources management, organization procurement, infrastructure, and technology development. Note that each of the primary activities involves its own support activities. By considering each activity within an organization in terms of the value chain, it is quite possible to isolate a potential source of competitive benefits.
A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
In the table below are given the output (X), T.C., and Price for a firm. Complete the following table, and then answer the questions at the bottom of the table. X T.C P=A.R
Axioms: It is possible to construct a utility index which can be used to predict choice in uncertain situations if the consumer conforms to the following five axioms: • A
Types of budget: Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by
Intermediate Products: Products (which includes both services and goods) that aren't produced in order to be consumed, but somewhat are produced in order to be used in the producti
Quality Control: Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration
You've been contacted by a local semi-professional team in Colfax, known locally as the Colfax Thunder. They play their home games at the HS baseball park for only $100 per month.
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Discuss about the language and methods of mathematics in modern economics. Language and Methods of Mathematics: This section reviews some fundamental mathematics results
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