The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations. They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
Well that depends on the person. The three things that someone would do when considering to choose a bank is to have trust, convenience, and account features. They would have to trust the bank, and it would have to be well-known and established. Bank accounts are case-sensitive, so it takes extra time for them to further secure their account.
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Answer:
DiscountHaven Inc. is a large chain of hypermarkets. It has cost benefits due to its extensive operation. The company's marketing and sales, logistics, administrative, and other such related costs get divided between a large number of product units stocked in its stores. This makes it difficult for smaller retail stores and supermarkets to compete against DiscountHaven's low prices. Thus, DiscountHaven has a competitive advantage due to its economies of scale.
Explanation:
Economies of scale are the economic benefits that are realized by operating on a larger scale. In general, the average cost per unit of output decreases with an increasing scale because fixed costs are spread over more units of output. Operational efficiency is often greater with increasing scale, which in turn leads to lower variable costs. When the average costs increase with an increasing scale, this is called the disadvantage of scale.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically so that the barriers to entry for new market players are high.
Answer:
PEST and SWOT
Explanation:
PEST and SWOT are closely related approaches to business analysis. PEST is an acronym that stands for political, economic, social and technological influences on a business. SWOT is a situational analysis tool for company leaders that involves assessing strengths, weaknesses, opportunities and threats.
