Advantage of extranet Customer can access their own ID to check their own information Reduce/low cost – extranets do not require large expenditure to train users on the technologies Timeliness and accuracy - ‚ reducing the number of misunderstandings within the organization as well as with business partners and customers. advantages provided by just-in-time (JIT) systems Manufacturing time is cut down‚ Better productivity‚ Lower Work in progress‚ Better supplier relationships‚ Cost
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COMPETITIVE ADVANTAGE Companies all seek a competitive advantage‚ as that will give them the opportunity to sustain profits that exceeds the average in their industry. The three major competitive advantages are differentiation‚ cost and response. Companies can therefore either gain a competitive advantage by offering a unique product differentiation‚ by offering similar products at a lower cost or by offering products at a time and place where the customer are in need of the product. Differentiation:
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ASEAN concerning local manufacturing in all ASEAN countries. It encourages a higher market competition which allows the countries to develop. AFTA helps ASEAN countries’ products gain access to a regional market that incorporates many substantial advantages Moreover‚ consumers will benefit from cheaper prices of goods given lower tariffs on a host of raw materials used by the region’s producers. Furthermore‚ the ASEAN Comprehensive Investment Area (ACIA) will encourage the free flow of investment
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Short introduction to AI: Artificial intelligence (AI) is the branch of computer science that aims to create intelligent machines. There are many different fields where AI is used and many different implementations of it. Advantages: -AI can accomplish tasks that to complex and too dangerous for humans (example: Mars-Mission curiosity)‚ disarming bombs -for tasks that humans don’t want to do (youtube porn rejection‚ violent scene recognition) -as they are machines there is no need for sleep
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the principle of comparative advantage‚ and modern trade theory? Explain. The article shows us how India diversified its economy by creating new avenues of trade when its manufacturing market took a dive nose. India saw there was a need in the international market for outsourcing‚ call centers and engineering talents and it took advantage of it by harnessing its labor abundance to provide them with a competitive advantage.. A country has the comparative advantage of producing a good if the opportunity
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disaster should be handled. Do to the National Incident Management being created in the wake of nine eleven‚ citizens as a whole did not know what the National Incident Management was. Individuals thought NIMS was only used as a terrorism preparedness advantage (Bourne & Moffat‚ 2005). The National Incident Management System can be used in all major disasters going forward especially in the wake of the 2004 hurricane season along the golf cost (Bourne & Moffat‚ 2005). In addition‚ many citizens did not
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Senior members of the Grand Old Party‚ formerly referred to as the Republican Party‚ have recently pushed the Trump administration to gradually cut off the Deferred Action for Childhood Arrivals (DACA) from funding and legal support. The Trump administration is infamous for its partial policy and its inclination to punish and to send away migrants rather than allow them to participate in fair and regulated nation-building programs. The Texas Attorney General wrote to the White House addressing the
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Comparative Advantage First let us define the comparative advantage which is the ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms or individuals. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins. If one country is better at producing one good and another country is better at producing a different good (assuming both countries demand
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Competitive Advantage: Question 1/2: A competitive advantage is a position that a firm occupies in its competitive landscape. Cost advantage Cost advantage A firm possesses a sustainable competitive advantage when it has value-creating processes and positions that cannot be duplicated or imitated by others‚ that lead to the production of above normal rents‚ in that it provides a long-term advantage that is not easily replicated. Sources of competitive advantage: Competitive advantage Competitive
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Advantage Science gives us safe food‚ free from harmful bacteria‚ in clean containers or hygienic tins. It also teaches us to eat properly‚ indicating a diet balanced in protein and carbohydrate and containing vitamins. The results is freedom from disease and prolonged life. In pre-scientific days‚ food was monotonous and sometimes dangerous; today it is safe and varied. It is varied because through improved sea‚ land and air transport food can now be freely imported and exported. Science has also
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