profitable small scale industries
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profitable small scale industries

At present, there are 89, 92, 95 and other labels on the market, which represent the octane value of gasoline, which means the anti-detonation of gasoline, which has nothing to do with the cleaning of gasoline. The so-called "high label gasoline is cleaner" is misleading. It is more scientific, more economical, and can give full play to the engine's efficiency according to the engine compression ratio or the requirement of the automobile instruction manual. Labour minister John MacDonald (John McDonnell), said the international monetary fund, according to a report of a conservative government "good at cuts in public services, tax breaks for a few rich people, but no hope to invest in our country for the majority of people skills and infrastructure needed for the economic development". The division of labor is becoming more and more elaborate, the process is more and more complicated, and the coordination is more strict. To put these complex organisms organized scientifically, make each link and department activities can join each other in time, space and Numbers, both around the overall objectives, and acted, coordinate each other, there must be a strict plan. The organization, coordination, control and so on in management, if there is no plan, is as unthinkable as the automobile assembly plant without the design of the process. Ipsos Retail Performance, a consultancy, said retailers were fighting for business after the number of shoppers on high street fell by almost 10% in the first three weeks of December. On Sunday, December 10th, a 21% decline in the British national snow. First of all, it costs transaction cost for the manufacturer to purchase intermediate products in the market. It includes the cost of seeking suitable suppliers, signing contracts and supervising contract execution. If the manufacturer can produce some intermediate products within the enterprise itself, it can eliminate or reduce some transaction costs, and can better guarantee the quality of the products. Second, if the manufacturers need is a special type of specialized equipment, the supplier does not generally willing to specialize in only a buyer of the product of the investment and production, because this kind of proprietary investment risk is bigger. Therefore, vendors that need this specialized device need to solve the problem of specialized devices within the enterprise. In the end, the manufacturers hire employees with specialized skills, such as specialized product design, cost management, and quality control, and establish long-term contractual relationships with them. This can be more beneficial than buying the corresponding services from other vendors, thereby eliminating or reducing the corresponding transaction costs. It is not obvious in some analyses, but it is important to note that economic profits include opportunity costs. The profit of an entrepreneur (normal profit) is usually positive, but economic profit can be either positive or negative (loss). That's why the opportunity cost is included: in a completely competitive market, when marginal cost equals marginal revenue, profit maximization or loss minimization conditions arise. If the market price is lower than the total average cost, which means that the economic profit is negative, the entrepreneur needs to compare the value of the loss and the average variable cost. If the business continues to operate, the negative economic profit must not be lower than the average variable cost, otherwise the entrepreneur would rather shut down the company than continue to take the loss.