The can benefit from economies of scale – by increasing size they can experience lower average costs – important for industries with high fixed costs and scope for specialisation. Studio System. Globalisation is an important concept in today’s world. The key advantage of expert power is based on knowledge perceived to be held by the expert and not by others. List of the Cons of Living in Los Angeles. Transportation is a nightmare in Los Angeles. Tourism to the U.S. Is More Expensive. With supplementation, muscle mass, explosive power, and strength have been shown to increase in most cases. Advantages and Disadvantages of Creatine. The traffic problems that are in LA are legendary, especially if … This article aims to identify and explain some of the advantages and disadvantages of globalisation. After having addressed the issue in detail a positive attitude will be kept … Now let’s move on to look at the expert power advantages and disadvantages. But unlike good old-fashioned hierarchies, there are few checks and balances in place in flat firms. With outsourcing growth expected in the years to come, there may never be a better time to learn more about this topic. The Auteur theory is the theory about the fact that the director has control over the film. According to Hill (2013) globalisation is the shift toward a more integrated and interdependent world economy. The directors have the style that makes their films recognizable, and they have credit for all films. One advantage of the theory is that it lets the audience give credit for all of his/hers collected work. Firms benefit from monopoly power because: They can charge higher prices and make more profit than in a competitive market. Advantages of being a monopoly for a firm. Expert Power Advantages. The lack of formal rules and hierarchy masks a vicious informal power structure. Increased Food Output. Monitors the electric system in real time. We all depend on food for the living. Disadvantages of a Strong Dollar. https://www.slideshare.net/Yasmeenthriller/the-hollywood-studio-system-essay1 Advantages and Disadvantages of Technology Top 10 Advantages of Technology 1. Living in Los Angeles might offer several benefits, but those positives come with several sacrifices. Cinemas at present have both advantages and disadvantages. Provides responsive data for balancing electric loads while reducing blackouts. Avoids the capital expense of building new power plants. Visitors from abroad will find the prices of goods and services in America more expensive with … Companies can work to bring audiences back into cinemas again and friends and families can be making a fun day out of it. 1. Advantages of Smart Meters for Electric Companies. The first Hollywood studios emerged between 1912 and 1915, as US filmmaking migrated to the Los Angeles area and quickly developed a standardized mode of production. Enables dynamic pricing. 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