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Large scale organizations able to reduce their cost of production as;They buy in bulk and so enjoy quantity discountThey can afford advertising leading to more salesThey have bigger bargaining power for low interest loansThey are able to diversify products therefore spread risksThey employ skilled manpowerThey can sell in large quantity hence reducing average costAcquire up to date technologyProduce / mass production reducing selling expensesAbility to carry out research into better methods of production
Differences between the human eye and the camera are;Human eye focal length is varied while in camera focal length is fixed.Human eye has constant image distance while camera has variable image distance.Human eye has constant changing pictures while camera takes one picture at a time.
Differences between diesel and petrol engines are;Diesel engine uses uses diesel as fuel while petrol engine uses petrol has fuel.Diesel engine has an injector pump while petrol engine has a carburettorDiesel engine while produces a lot of smoke petrol engine produces little smoke.Diesel engine is heavy in weight and suited for heavy duties while petrol engine is light in weight and suited for light duties.Diesel engine has high air compression ratio while petrol engine has low air compression ratio.Diesel engine has low operation costs while petrol engine has high operation costs.Diesel engine, the ratio of air to fuel is not while petrol engine, the ratio of air to fuel is constant.
Differences between private limited company and public limited company are;Private limited company is formed by minimum of 2 shareholders while public limited company is formed by minimum of 7 shareholders.Private limited company has maximum of 50 shareholders while public limited company has no maximum number of shareholders.Private limited company commences immediately it receive certificate incorporation while public limited company waits for certificate of trading.Private limited company, shares are not freely transferable while public limited company shares are freely transferable.Private limited company is not a must for books of account to be audited while public limited company, books of account are audited annually.Private limited company cannot draw prospectus while public limited company must prepare a prospectus.
Differences between whole life and endowment policy are;Whole life covers the assured throughout his/her life while endowment policy covers the assured for a specific period of time.Whole life compensation premium are paid throughout the life while in endowment policy premiums are paid for a specified period of time.Whole life is not a saving plan for the future while endowment policy is a saving for the future.