Establishing a Competitive Advantage Competitive advantage is a benefit for any company to strive to achieve. A competitive advantage is an advantage over competitors gained by offering consumers greater value‚ either by means of lower prices or by providing greater benefits and service that justifies higher prices (tutor2u‚ 2009). A company that has attained competitive advantage over others creates a unique selling point or USP and allows that company to gain a larger market share by being
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ADVANTAGES & DISADVANTAGES OF TOURISM Advantages 1. Tourism provides foreign exchange (US dollars) which allows: i) The government to pay bills such as: a) Allows government to pay foreign debt. b) Allows the Bahamian dollar to stay on par with the US dollar. c) Allows government to pay the thousands of persons employed in government their monthly salaries. d) Allows government to have money to do road works‚ school construction and all other governmental works. ii) Allows Bahamians
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Telecommunication From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search A parabolic satellite communication antenna at the biggest facility for satellite communication in Raisting‚ Bavaria‚ Germany Visualization from the Opte Project of the various routes through a portion of the Internet Telecommunication is the science and practice of transmitting information by electromagnetic means. Communication is talking to someone or thing not necessarily through technological means
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Advantages of Using Computers Computers obviously wouldn’t be as popular as they are now if they did not offer advantages over doing tasks manually. Some of these advantages are: Computers can perform calculations much more quickly and accurately than humans. For example‚ modern computers can perform hundreds of millions of calculations per second. Large amounts of data can be stored in a small amount of space. For example‚ hundreds of pages worth of text can be stored on a 31⁄2inch floppy
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and want to eat fast food at prices that are competitive and provide best value for the customer’s money. One of McDonald’s competitive advantages is its focus on consistency of quality‚ production of food and use of raw materials all around the world. The world recognition associated with the brand McDonald’s itself is also one of McDonald’s competitive advantages. We strive to be cost leaders and offer our food at prices that cannot be matched by our competitors. In order to do this‚ your store
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How many phenomenons have a global impact? If you are to count‚ they could be counted on your finger tips. Globalization is one of them. So before going to the advantages and disadvantages of globalization‚ lets us try to grasp this concept first. Simply put‚ globalization is an ongoing process of integration of regional economies into global network of communication and execution. Let me explain this a bit. Assume that you are a mango farmer in India and you grow very good quality mangoes over there
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Benefits of Online Social Networking While there are risks inherent in online social networking‚ there are also many potential benefits. Social networking can provide opportunities for new relationships as well as strengthening existing relationships‚ whether your kids’ friends are close to home or across the world. It’s important to be vigilant when your kids are getting involved in online social networking‚ but it’s also good to encourage positive relationships through various avenues‚ including
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business. Some people are concerned about this shift because newspapers provide important in-depth coverage of events‚ while some Internet news sites only report opinions or repeat what is already in the newspapers. However‚ the new media offer so many advantages over the traditional media that they could easily become better sources of news than any we have ever had. One of the very first incidents of censorship in movies took place in Hollywood in the year 1934‚ when a nude scene was snipped off from
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The Competitive Advantage of Nations Porter The prosperity of a nation and the success of the companies that do business there is something that must be created‚ not inherited from generation to generation. The pressure and challenges companies set for their employees is how they advance‚ promote innovation and how they ultimately gain competitive advantage against competitors worldwide. This is also the case at a local level‚ a nations companies will see great benefits from having strong competitors
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Advantages: * you can carry a mobile phone with you so you don’t miss important calls * if you are lost‚ you can call for directions. * if you are in an accident‚ you can call the police or ambulance - and if the phone has a camera‚ you can take pictures of the accident. * you can listen to music‚ text‚ play games when you’re bored. * most mobile phones have a calculator and a phone book. * you can use a mobile phone to call your customers or boss if you are running late
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