Q. What is Entrepreneurship? Answer: Entrepreneurship is the act of being an entrepreneur or "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. Entrepreneurship involves bringing about change to achieve some benefit. This benefit may be financial but it also involves the satisfaction of knowing
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industry is labour intensive because this particular industry requires a large number of human labours to run heavy machinery and work in large factories to produce the goods. (iii) Economies of scale is where the long-run average cost declines as production increases in simple explanation where a manufacturing company saves money as its produce higher quantities of its product. In this case, mining industry are likely to develop economies of scale because it has the ability to mass produce products
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TABLE OF CONTENT COVER PAGE TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY 2. STATEMENT OF THE PROBLEM 3. PURPOSE OF THE STUDY 4. SCOPE OF THE STUDY 5. RESEARCH QUESTIONS 6. RESEARCH HYPOTHESIS 7. SIGNIFICANCE OF THE STUDY 8. LIMITATIONS OF THE STUDY 9. DEFINITION OF TERMS. REFERENCES CHAPTER TWO REVIEW OF RELATED LITERATURE 2.1 MEANING AND CONCEPT OF ENTREPRENEURSHIP 2.2 HISTROY
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Running Head: A NEW WORK ETHIC 1 A New Work Ethic: Case Study 4.4 Patricia Woodhouse Harry Mamaux Business Ethics- Bus 309 October 30, 2011 A New Work Ethic 2 1. Describe how typical the attitudes that Sheehy reports appear to be on the work environments you have experienced. After reviewing
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kitchenware, fishing tackle, etc. Most of its production involved the molding or extrusion of plastic raw materials and over half of its production was for two major manufacturers of toys, located nearby. The vast majority of its customers were located in Southern California, with a few in Arizona, Nevada, and Northern California. In its market area the company was known for its high quality, low cost products. Its low cost was based on extremely efficient production methods, so efficient that on some items
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to apply the knowledge to the problems they are given. Usually they will also need to be able to explain, to the users who rely on them, how they have reached their decisions. They will generally build upon the ideas of knowledge representation, production rules, search, and so on, that we have already covered. Often we use an expert system shell which is an existing knowledge independent framework into which domain knowledge can be inserted to produce a working expert system. We can thus avoid having
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“not for profit” concept. Both economic theories have received criticism from their detractors. Capitalism is criticized for creating income inequalities that keep the poor, poor. In this system, the wealthiest individuals dominate the means of production and benefit exclusively from the profits of those ventures. Socialism limits people’s freedoms to choose where they live, work and even the way they are educated. With a system that is based on limited choices, and profitability seen as criminal
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Week 1 Conceptual Exercise: Consumer Behavior Theory 1) A decrease in the price of a particular good, with all other variables constant, causes a. a shift to a different demand schedule with higher quantities demanded b. a shift to a different demand schedule with lower quantities demanded c. a movement along a given demand curve to a lower quantity demanded d. a movement along a given demand curve to a higher quantity demanded e. no movement along a given demand
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The Production process and the components of technology involved consist of: robots, computer-aided design and manufacturing, flexible manufacturing systems, and computer-integrated manufacturing. Each component is important to the speed and flexibility of the production process of any product. The computer-integrated manufacturing process is where companies have integrated robots, CAD/CAM, FMS, computers, and other technologies as a production system in which computers are there to help workers
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Culture has been used to signify the ‘’pattern of life within a community-the regularly recurring activities and material and social arrangements’’ of a specific group. A tribe consists of a unity of people by ties of descent from a common ancestor, community of customs and traditions or adherence to the same leaders. There are two types of labels that can be given to a tribe. One of them is the mosaic view, which consists of small-scale of tribes located mainly in the tropical world, and these
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