The advantages and disadvantages of money Everybody knows the value of money. Nothing is more powerful than money. In fact‚ if we have no money‚ we cannot buy goods‚ clothes and other necessaries we need. Without money‚ we cannot go to the movies‚ theaters or other amusements places. How can we spend our free time pleasantly on rainy evenings without a color television in front of us? Music from a new hi-fi can relax us quickly after a hard day of work. But how can we satisfy our needs‚
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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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Growing Economies‚ Rising Problems Global groups struggle with fast rise of poor nations‚ putting conflict on the horizon Uri Dadush‚ William Shaw YaleGlobal‚ 23 June 2011 WASHINGTON: The rise of developing countries is transforming the global economy. Whereas for the bulk of the world’s population economic stagnation has been the rule over millennia‚ today’s economic growth is unprecedented. More countries – and people – are achieving rapid income growth than ever before‚ and developing countries
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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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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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The Advantages of being multilingual The world we live in is rapidly growing into an enormous melting pot and most of us are very aware of the fact that the ability to speak a foreign language has never been as vital as it has been in the 21st century. Learning a new language offers many new career opportunities as well as other advantages which are often ignored. Among the less obvious benefits is the change in perspective one will gain from seeing the world through different eyes. Every language
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Very simply‚ the term competitive advantage means the positioning a firm takes in relation to other firms in its industry. According to Michael Porter‚ there are three different way to sustain a competitive advantage. These three different strategies are cost leadership‚ differentiation‚ and focus. The term cost leadership describes when a firm provides the same or similar services or products as other firms but does so at a lower price. The term differentiation means a firm offers a superior
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Every now and then i see one or the other organisation opposing the metro. No doubt they entitled to their views‚ but do they ever see the benefits any metro brings to cities‚(especillay the crowded ones like bangalore‚ mumbai etc) Let me quote a few points from PIB regarding the delhi metro‚ i am sure such benefits will accrue to bangalore also once the metro is complete „« Fuel cost saving: The annual saving on account of reduced fuel consumption will be Rs.180.89 crore in 2009‚ more than double
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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 know what the NIMS was
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