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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 519 |
Essay's paper body
It allows economies, or even individuals to monitor their production/output and determine which decisions to make. The goal is to reach the maximum point of output while using available resources in the best way. These decisions will lead to opportunity cost, which affected by factors such as needs, time, and resources...
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Production possibility frontier is presented in the form of a graph. This graph is basically a guide to assist in the decision making needed to increase the production of a combination of two or more goods and services. An economy must also be watchful to manage the available resources in an efficient manner...
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General points of the essay
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Determine The Primary Activities And Secondary Activities Of Your Organisation. Make A Conscious Decision On Whether Your Organization Should Compete By The Least Cost Strategy Or The Product Differentiation Strategy. Determine The Cost Drivers Of...
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