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    Where the wealthiest owners of means of production, or bourgeoisie, are at the top and the poorest physical labourers, or proletariat, at the bottom (Innocente 2015). These two social classes are at constant strife and conflict, as the rich wish to stay in power and the poor wish to gain more power…

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    Industrial robotics are quasi-intelligent machines that increase production rates, efficiency, quality, and safety in all aspects of manufacturing and assembly. They have the ability to pick up single or multiple objects and place them anywhere within their reach, weld simple and complex parts together, and use sensors to inspect material or parts at any point in the manufacturing process. Although robotic arms and automation are a newer technology, both are taking the manufacturing industry by…

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    Oprah Winfrey Role Model

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    When you think of role models in the African American community, whom do you think of? Martin Luther King, (give another example or two) well another up and coming role model in the African American community is Oprah Winfrey. Oprah Gail Winfrey was born on January 29,1954, she grew up in a small town of Kosciusko, Mississippi. She is a very influential in many ways like hosting her own television show where she sees peoples’ problems and tries to help them out. Also she not only has her own…

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    in their backyards. They would use a barter system if they had any additional crops. Most of the manufacturing was done in people’s home, but that all changed with the Industrial revolution. The Industrial revolution was the beginning of mass production with the use of large specialized tools powered by coal. The steam engine played a big role in the development and “success” of the Industrial revolution. Although the revolution was a success, it was also a failure in the way the common…

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    that the production rate of items would also increase. Along with that, the assembly line system was created to have a faster rate of production in factories. For example, Henry Ford used this process to his advantage and was able to manufacture automobiles at a very fast pace which contributed to the transportation during the industrial revolution. All the factories and new machines impacted the economic change rapidly during the Industrial Revolution because there was more production happening…

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    The mass production of cars in the 1920’s relates to the materialism and recklessness shown in Gatsby’s car. Before this time cars were new and many people did not have them because they were too expensive. Once the assembly line was created and was put to use cars became easily creatable and were being mass produced let alone the cost of them went down greatly. The people of this time that got cars would drive and use them to get from work to home faster which meant they could now live farther…

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    Nike Cost Advantage Essay

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    As a part of the strategic management process, one must develop a business level strategy. These are the actions that firms must take to achieve competitive advantage. All of these action and such are known as sources of cost advantage or can be under another source known as product differentiation. Sources of cost advantage falls under 6 key categories. These categories are economies of scale, competitor’s diseconomies of scale, learning curve economies, differential low-cost access to…

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    The discussions on class Bus 331 and the Book that we read in class that is "Fundamentals of management" have led me to ask the purpose of be a good management, this new knowledge has led me to ask if in the future I want to be an entrepreneur. The good entrepreneur has a lot of skills of management that we have learned in this class. Entrepreneurship is born from a creative attitude and willing to take the risk of starting and running a new business. A successful entrepreneur must possess a…

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    While the bourgeoisie has the access to the means of production, the proletariat does not. This forces the proletariat into selling their labour to the capitalists in order to make money to survive. In terms of deviance and crime, anything that goes against the dominant class and its norms is considered as deviant…

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    Total Cost Minimization

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    extremely limited. Another reason you wouldn’t have it is because of its cost, the worker must work many hours to build these complex machines and at an extremely small production rate the market prices would be immense, making it extremely difficult for the common man to buy. However, thanks to the invention of the assembly line production time has been cut down to a fraction of what it would take to do by hand, and assembly lines have increased the…

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