What is the implication of a minimum price ceiling? What is the relevance of scarcity and opportunity cost? What is the goal of profit maximization? What does an Intertemporal Budget Constraint depict? What is private marginal cost? What is an explicit cost? Give examples. ...
It is expensive because the cost of production rises due to shorter production runs and product variations. 2. Geographic Segmentation It means dividing customers on the basis of geographic location, i.e. latitudes and longitudes. When an industry split its market on the basis of geographical are...
A general principle with these sorts of continuous induction arguments is to first obtain the trivial implication in a non-trivial fashion, with the hope that this non-trivial argument can somehow be perturbed or optimized to get the crucial improvement . The standard strategy for doing this, sin...
物流目标应该和一个公司的整体目标相一致;不同公司有不同的目标。 The idea that one logistics system does not fit all companies is derived from the fact that___One basic implication is that___As such, a company focusing on cost containment should have different logistics strategies and tactics th...
What is Inventory Management – Factors Influencing Inventory – Lead Time, Cost of Holding Inventory, Reorder Point, Stock, Variety Reduction and More… Factors influencing inventory are as follows: Factor # 1. Lead Time: Lead Time is defined as the period which elapses between the recognition ...
But as the meme points out, ChatGPT is a friendly mask. Behind it is a monster called GPT-4, a large language model built from a vast neural network that has ingested more words than most of us could read in a thousand lifetimes. During training, which can last months and cost tens ...
Conversely, one can use the commutative Gelfand-Naimark theorem to deduce Theorem 4 from Theorem 3, although we will not need this implication. Note how we are abandoning all attempts to discern what the limit of the sequence actually is, instead contenting ourselves with demonstrating that it ...
A surcharge, additional cost, especially for food in a restaurant. There is a £2 supplement if you choose the steak. Add (transitive) To give by way of increased possession (to someone); to bestow (on). Supplement To provide or make a supplement to something. Add (transitive) To appe...
2. The solution should be part of a broader enterprise solution that connects HR with finance.Labor is one of the highest cost factors in any organization. Any decision that pertains to people has a financial implication. It’s essential that your company have complete visibility into both its...
Another significant implication of blockchains is that they require storage. This may not appear to be substantial because we already store lots of information and data. However, as time passes, the growing blockchain use will require more storage, especially on blockchains where nodes store the...