to the increase in their A/R turnover. In order to compare P&G to the industry‚ we had to define what industry a company as large as P&G belongs apart of. After our research‚ we determined that the industry average A/R turnover is 9.2. P&G’s 14.80 A/R turnover compares very favorably to the industry average of 9.2. 2011 The A/R turnover ratio for 2011 was 13.16‚ which was decrease from 14.80 in 2010. One factor that led to this was P&G’s increased involvement in international sales. The company
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COMPETITIVE ADVANTAGE OF BUSINESS STRATEGY World trade is growing faster than world GDP – this is a key consequence of globalization. Trade barriers are being reduced and protectionist policies are no longer acceptable to the many countries that believe in the free-trade concept. This means that companies must compete not only with domestic rivals but with competitors from across the globe. Many of these competitors will have either: lower costs or differentiated products. According to Michael
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The Constitution has many amendments that do not apply to today’s society. This document is known as a living document‚ named that because it was meant to be able to change every thirty or so years to keep along with the times. Many people think that the Constitution should never be changed because of its importance to the history of our country‚ but‚ Thomas Jefferson thought otherwise in 3 letters that he wrote to Maddison addressing the matter. From September of 1787 to today‚ America along with
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P R I C I N G In the market economy the business success of any company or entrepreneur mostly depends on the correctly chosen strategy and tactics of pricing on goods and services. Pricing is a rather difficult process because prices mostly depend on the situation in the market. The range of political‚ economic‚ psychological and social factors has a great influence on the price level. Today your price can be determined by the costs factor‚ and tomorrow its level will depend on the customer’s behavior
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hold them tightly packed together. Even though they are vibrating this is not enough to disrupt the structure. When a solid is heated the particles gain energy and start to vibrate faster and faster. Initially the structure is gradually weakened which has the effect of expanding the solid. Further heating provides more energy until the particles start to break free of the structure. Although the particles are still loosely connected they are able to move around. At this point the solid is melting to
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for competition is raised‚ and there is greater market segmentation. 2- Some advantages of technological innovation are: a wider range of products and services can be delivered to people‚ GDP has increased‚ people can communicate in every part of the world‚ the production of food has become more efficient‚ and it has yield medical treatments to improve medical conditions. The quality of life has improved. It has created new knowledge to solve practical problems. Disadvantages include: harmful
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How has technology changed in the classroom over the years With the vast and rapid development of science and technology‚ a computer is no longer considered as a source of luxury but it’s a requirement of the modern days. Computer technology has provided students of all ages the chance and opportunity to expand on what interests they have. It also provides them help in improvement of their homework and test scores. The computers can offer newer ways of getting information across to their
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first hand that truth can indeed change. My encounter of when truth changed was when the day my mother had attempted to murder my dad‚ brothers‚ and I. The changes began slowly‚ then escalated to change the only truth I had known my entire life. Some examples of how truth changed for me was we had believed she would never hurt us‚ I had to begin living with just my dad‚ and my role in the house changed. At the time truth changed for me‚ I was 12 years old. I had already went through twelve years
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Novartis‚ a large multinational pharmaceutical company‚ recently diversified by buying Alcon‚ in a £24.8bn deal. Alcon is a producer of eye care products such as contact lenses. Google has diversified by investing £124m in a wind power business. To what extent is diversification the best strategy to achieve profitable growth? Justify your answer with reference to Novartis‚ Google and/ or other organisations that you know. (40 marks) Diversification - Practice under which a firm enters an industry
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How Love Has Changed Me A person’s character defines who they are as an individual‚ and is often shaped by their past experiences. In my life‚ being in love has had a positive change in my character. It has taught me to be more honest‚ selfless‚ and appreciative. Not only has this made me a better person‚ it has allowed me to live a better life. The love for my friends has changed me to be a more honest person. I have learned that in order to create a solid friendship with someone‚ I need to
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