in-house; hence recruitment and operational costs can be decreased to a great extent. This is one of the prime advantages of offshore outsourcing to make the company operation cost-effective. The Disadvantages/ Weaknees of Offshore Outsourcing Even though offshore outsourcing gives advantage mainly on cutting the cost site but the other way offshore outsourcing sometimes bring disadvantage to the company. A company must identify what is the
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force Automation (SFA) is used to automate functions of sales and sales force management (). SFA is an integrated system of computer software and hardware that performs sales functions. The use of SFA has many advantages for both sales managers and can give the company a competitive advantage over its competitors. However‚ SFA is not advantageous for all companies. The most primary function of SFA is that it ties together sales functions such as expense reports‚ sales call scheduling‚ territory
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for cars. While Standard of Living means the quality and how people are able to afford of housing‚ luxurious or non-luxurious living. Different levels of wealth and comfort ability. The advantages of having a large population are an increase in a country’s wealth‚ more demands hence‚ causes a growth in economy as well as‚ rising of income per household. Benefiting larger families‚ with more money to spend for example‚ travelling and ability to purchase more stuff. If there are larger population
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The major difference between a command economy and a market economy is that a command economy is told what to do by the government. A market economy does things for the people‚ the people decide what they want. The command economy is told what to produce‚ who to produce to‚ and how to produce by the government. The market economy is told is told what to produce‚ who to produce to‚ and how to produce by the people. I think that profit is the best one because you will still have money left over after
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Advantages and Disadvantages of the North and South The Civil War was a war that nearly divided our nation in two. We had the Union‚ who fought to end slavery‚ and unite America. Then there was the Confederacy. They wanted slavery in their territory‚ and fought for there way of life. So‚ my question is what exactly were the advantages and disadvantages of the North and South. First let’s start off with what the North or the Union had as advantages. The North had many prominent leaders like Ulysses
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Disadvantages and Advantages of global language To start we need to define global language. Global language is the language spoken internationally that many people learn as a second language. There are many different advantages and disadvantages of global language. Some of the advantages are: • Another language added to many people’s vocabulary. • Communication becomes easier because people may communicate with this global language. • Global language is used in business and worldwide
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James Davis Advantages and Disadvantages of E-commerce Bus 107 Debra Wilson November 22‚ 2010 Abstract In today’s economy‚ business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many
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the EMU. Over many years there have been several debates as to whether or not the UK should enter the European single currency. With regards to this debate there are many advantages for the UK to join the single currency that we should take into account. For example‚ if the UK was to enter this scheme then one advantage would be that the single currency should put an end to the days of currency instability in Europe by fixing exchange rates. This action would create reduced exchange rates for
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Characteristics of market economy The Resources Needed to Create Wealth What is needed to create wealth? Within the marketplace‚ there are many resources that go into the production (input) of goods and services. These resources can be grouped into four categories. These categories are land‚ labor‚ capital‚ and entrepreneurial ability. The land category consists of not just land‚ but all natural resources‚ water and air. Labor is all the work that is performed by man. Capital is industrial
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Market Economy Notes (Capitalism): Capitalism was both an economic and political theory that grew throughout the Enlightenment. This is why it is sometimes referred to as “Classical Liberalism”. Adam Smith (1723-1790) -His books‚ The Theory of Moral Sentiments and An Inquiry Into the Nature of Causes of the Wealth of Nations were published in 1776. -The Theory of Moral Sentiments: In the work‚ Smith critically examines the moral thinking of his time‚ and suggests that conscience arises from social
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