Competitive advantage is when a firm sustains profits that exceed the average for its industry‚ the firm is said to possess a competitive advantage over its rivals. The goal of much of business strategy is to achieve a sustainable competitive advantage. There are two main types of competitive advantage. Cost advantage and differentiation advantage. A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower cost(cost advantage)‚ or deliver benefits
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which of these communication methods is adopted by the pharmacy as each method brings its own advantages and disadvantages. Although face-to-face communication would be the preferred method of conducting an intervention‚ it is likely that telephone interventions will be used by most pharmacies at some stage. This brief guide will help you and your staff communicate more effectively when using the telephone as part of the NMS. The words we use make up less than 10% of the way we communicate
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wondered what would happen if Internet didn’t exist in this world ? Explanation Internet is now commonly used by people all ages all over the globe. It has various functions that benefit human beings from communication to entertainment. Reasons Advantages receive and find the latest information online Purchasing newspapers and magazines won’t be necessary anymore because all the most recent news will show up in front of our eyes with just a single click. Completing projects and assignments would
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nimble. It argues a bilingual signs in babies having the ability to distinguish between two languages as young as 4 months old. It also presents how infants show a strong preference for the language their mother spoke during pregnancy. It confirms that using two languages throughout life delays the onset of dementia symptoms by an average of four years. The research further explores how bilingualism is positively connected with many cognitive outcomes‚ including: metalinguistic awareness‚ focus attention
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E-learning advantages First Draft E-learning education has spread widely (through the years) and its advantages still increasing. Virtual teachers and classrooms and to study in the comfort of your living room are only a few examples of the good points of this educational system‚ things that you would never have thought in the past. The flexibility to study by e-learning is unapproachable. You can do it anywhere and at your own time. Learners can go at their own pace‚ not at the pace of
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Advantage and Dis-Advantages 1. E-Billing System Advantage * available instantly * accessible from any computer in the world * better for the environment * saves companies a lot of money dis-advantage * e-billing will eventually expire and thus become inaccessible * the lack of not having physical records * Security 2. Payroll system Advantage * Time Importation * Automatic Calculations * Paycheck Processing * Report Generation Disadvantage
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An announcement to encourage students to avoid binge drinking. The best appeal for this situation would be pathos. Using a scare tactic approach will help emphasize the reality of the consequences for binge drinking. This appeal is likely to be the most effective when speaking to students. Logos could be applied in the sense that there are real short and long-term effects from binge-drinking. However‚ a disadvantage of this appeal is it is easy for students to think that facts don’t
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Riordan’s Competitive Advantages The research will describe which competitive advantages Riordan has in common with McDonald’s and Burger King. This study will estimate‚ which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. Research will explain why those competitive strategies were chosen and estimate how they may affect sustainability of long-term organizational performance. The examination
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Advantages and disadvantages of sampling methods Type Description Advantages Disadvantages Stratified This requires one to be bias towards their data. For example‚ if you knew the proportion of pensioners in an area was 30% and you wanted to represent this in your sample you would ensure that pensioners’ answers only made up 30% of your sample. It can be used with random or systematic sampling‚ and with point‚ line or area techniques If the proportions of the sub-sets are known‚ it can generate
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everything in life‚ both chain and independent restaurants come with advantages and disadvantages; however‚ they both possess common factors such as growth‚ economic sales and development. Pertinent to the success of chain and independent restaurants is site selection. Because chain restaurants have more resources including the ability to retain realtors that specialize in real estate growth and development‚ they have an advantage. Though chain restaurants have the funding to hire experts in
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