2015 Introduction & Definition Competitive advantage exists when a particular company consistently outperforms other companies in the same industry. A company is considered to be outperforming others if profits are higher than the competition’s profits. The competitive advantage is thought to be stronger when it lasts for a longer period of time. Those companies who are able to maintain a competitive advantage for many years are thought to have a sustainable competitive advantage. Understanding the
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MARKETS AND THE COMPETITIVE ENVIRONMENT Introduction: The markets in which firms operate vary a great deal. Some are highly comparative‚ and profits in these markets are half to come by. Some appear to be almost free from competition‚ and firms in these markets earn large profits. Some markets are dominated by fierce advertising campaigns in which each firm seeks to persuade buyers that it has the best products‚ and some markets display a warlike character. So a competitive environment is
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Discuss what government policies can be used to overcome a recession A recession is two or more consecutive quarters of a year that experiences a decline in GDP or has negative GDP growth; recessions are believed to be caused by a widespread fall in spending. Employment‚ investment‚ household incomes and business profits all fall during recessions; while bankruptcies and the unemployment rate rise. Governmennts respond to recessions by adopting expansionary economic policeys such as the expansionary
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Reinventing Government (New Public Management) To know the real meaning of “reinventing government‚” let us take a look first on the definition of reinventing or reinvent. Merriam Dictionary defines reinvent as “to remake or redo completely‚” meaning to change‚ transform or amend; hence‚ reinventing government means transforming the government into a new face. It is believed that for a government to be effective and efficient‚ it needs strategic government reforms. According to Osborne (2007)‚ in
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V. Possible Government Policies to Cope with Financial Globalization As mentioned above‚ it is agreed by economists that financial globalization would be beneficial in the long run‚ but‚ in the short-run‚ it has certain links to the happening of financial crises. Thus‚ countless economists are suggesting that certain government policies should be imposed to stabilize to stabilize foreign and domestic financial markets. In general‚ there are three different types of arguments adopted by economists
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to oppose the creation of a stronger U.S. federal government and which later opposed the ratification of the Constitution of 1787. The Anti-Federalist rejected the term and argued that they were the true Federalists. In both their correspondence and their local groups they tried to capture the term. We the Anti-Federalist were composed of diverse elements‚ such as those who opposed to the Constitution because they thought that a stronger government threatened the sovereignty and prestige of the states
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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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community and charity/organizations that provides the food the homeless. Everyone insist on practicing their constitutional rights‚ but City of Orlando Ordinance has really emplaced a restriction on the act of humanity and kindheartedness. The cities government has based their decision on the complaint of the community of Lake Eola Park. The intentions of the law was to prevent abusive use or overly excessive use by anyone in the community‚ being that an organization called “Food Not Bombs” gather at the
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How does the Government use Monetery and Fiscal Policies to Benefit the Economy? Our governments roll in the American economy extends far beyond its activities as a regulator of specific industries. The government also manages the overall pace of economic activity‚ seeking to maintain high levels of employment and stable prices. The government has two main tools for achieving these objectives: fiscal policies‚ through which it determines the appropriate level of taxes and spending; and monetary policies
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Governments should spend more money on education than on recreation and sports. Do you agree or disagree? Do you believe that government should focus on education rather than recreation? Education is a learning process for every citizen composing a nation . Perhap‚ a nation cannot produce a good citizen for giving full attention to education without recreation. I believe the children is our future‚ the pride of our nation‚ teach them well and give the way they must possess inside. The amount
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