Category: Business Studies

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Essay: How is Price Elasticity of Demand Calculated

Sample Essay It is computed as follows: PRED= %change in quantity demanded /%change in price %CQD = (new Qdemanded- old Qdemaded)/old Qdemanded = (20-35)/35 = -15/35 = -0.43

Essay: McDonaldization of America

Sample Essay Schlosser does not fail to mention that, as Jim Hightower “the McDonaldization of America” (Schlosser 5),  a lot needs to be done about the availability of fast food restaurants in America and in the world at large. Since it is evident that fast foods are directly linked to obesity among the children just…
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Essay: How Successful is the Lean Manufacturing Process

Sample Essay It is not easy for the lean manufacturing process to succeed since the employees are not involved in the process and if they are, it is at a very late stage. It is assumed that lean programs are very expensive and this makes the management reluctant in purchasing them. Further, the management is…
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Essay on Change Agents in Tesco and their Characteristics

An individual from outside or inside the company who helps the company in transforming itself by having a critical focus on matters such as organizational development, improvement, and effectiveness is referred to as a change agent. The efforts of a change agent mostly focus on the impact of changing tasks, structures, and technologies on the…
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