TRL 300 45 SHORT ANSWERS 1. Explain how demand and supply work? * Demand is the willingness and ability of buyers to purchase a product or service. Supply is the willingness and ability of producers to offer a good service for sale. 2. Identify and explain the 4 basic degrees of competition? * Perfect competition- Has many small sellers The product is basically identical Relatively easy to enter the industry Individual firms have no control over price The buyer will purchase
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3HRC Understanding the purpose of an organisation and its operating environment. 1.1 Describe the purpose and goals of an organisation Network Rail (NR) own and run the railway infrastructure; the tracks and equipment needed so that the people who do run the trains – Train Operating Companies (TOCs) / Freight Operating Companies (FOCs) – can keep their trains going. NR are responsible for maintaining the infrastructure, signaling, timetabling and providing everything the TOCs and FOCs need to
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That is what Amy Stretten describes in her article, “Appropriating Native American Imagery Honors No One but the Prejudice.” In her article, Stretten uses her own life experiences to dispel why this treatment is not honoring her. Even in her hometown, where it’s population should feel the safest, Stretten faces the appropriation of her Native American culture every day in high school. She explains how other children see it as a service for them to be representing her culture as their mascot. I can
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2015 1. Describe specific practices that successful project managers apply in exercising their leadership and management roles overall. According to Lewis, one of the best ways to learn how to do something really well is to find someone who is already proficient at the behavior and imitate him or her (Lewis). One thing that effective leader does is create a vision, they know and understand where they wish to go and then they get others to buy into their vision of whatever it
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BWMs Dream Factory and Culture [TYPE THE COMPANY NAME] [BMW’s Dream Factory & Culture] [Assignment # 1] Shahzad.Tahir Instructor’s name: Professor: Jaichand Sewkarran BUS 520: Leadership and Organizational Behavior Strayer University 4/24/2010 [This paper is about a case study, “ BMW’s Dream Factory & Culture .”It tries to examine five specific issues. First, it describes the culture at BMW. Second, it discusses the model of leadership illustrated at BMW and the related impact on the organization
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BTEC Business Studies (Level 3) Unit 39 International Business Aim and purpose The aim of this unit is to introduce learners to the role played by international business. The importing and Exporting of goods and services are important economic activities to any economy. Learners will study National and international businesses and the framework in which they operate. In this unit you must explain the importance and differences of international trade. You will explain key economic terms
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dimensions and organizational dimensions. These three levels put together define our personal identity and has a great impact on how each one of us view the world. Our personality is the center of our lives because it defines our characteristics that describe who we are. The internal dimensions are age, race, ethnicity, sexual orientation, gender and physical ability. You also have to deal with the external dimensions geographic location, income, personal habit, recreational habits, religion, educational
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entire entertainment industry followed by offering books, movies, television, radio, and photography on the Web. The digital revolution allowed all of these businesses to benefit from the technical aspects of the Web. Now the term Web 2.0 is used to describe the changes in the World Wide Web that reflect the growing interest in collaboration, open sharing of information, and customer control. Many products and services such as podcasts, weblogs, videologs, social networking, bookmarking, wikis, folksonomy
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final consumers. a. Consumer buyer behavior b. Target market buying c. Market segment buying d. Business buying behavior Answer: (a) Difficulty: (1) Page: 191 2. ____________ is individuals and households who buy goods and services for personal consumption. a. The target market b. A market segment c. The consumer market d. The ethnographic market Answer: (c) Difficulty: (1) Page: 191, 192 3. According to the text
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Generic Strategies – Creating a Business Focus – Value Chain Analysis – Targeting Business Processes SECTION 1.1 INFORMATION SYSTEMS IN BUSINESS McGraw-Hill/Irwin ©2009 The McGraw-Hill Companies, All Rights Reserved 1-4 LEARNING OUTCOMES 1. Describe the functional areas of a business and why they must work together for the business to be successful 2. Explain information technology’s role in business and how you measure success 3. Compare management information systems (MIS) and information
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