One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
Free Economics
Serrano Durán‚ Lucía Advantages and Disadvantages of Artificial Intelligence Human intelligence involves many skills such as problem solving‚ decision making‚ learning understanding and reflex actions. Many experts in AI have dreamt of creating machines that can imitate our human intelligence. This has led to many possibilities; however‚ the field of AI has to be understood from both sides of the coin. On the one hand‚ artificial intelligence has allowed the design of applications that can
Premium Problem solving Intelligence Morality
DISADVANTAGES it is a compound that is indestructible‚ even when it is melted the compound gas that is gives off is very harmful to our heath and environment; it weakens the ozone layer. Most plastic is produced from oil. The world is gradually running out of oil. Scientists are now developing plastics that are made from vegetable oil and other organic matter. This means that the plastic is more likely to be degradable‚ so it will be less of a problem in future. Another Disadvantage is
Premium Oxygen Plastic Natural environment
Disadvantages The disadvantages of humour in advertising all relate to the audience perception. Advertising humor needs to be well suited to its target audience. If they do not understand the joke‚ then the joke will be lost upon the audience. A sophisticated audience will understand your irony‚ satire‚ and puns‚ but a young audience may only understand slapstick comedy or a silly cartoon caricature. Inside jokes can be effective if the recipient understands that it was done for them‚ but nobody
Free Comedy Humor Joke
Contents 1 Definition of Franchising 2 Businesses for which franchising works best 3 Advantages 4 Disadvantages Definition of Franchising Franchising refers to the method of practicing and using another persons philosophy of business. The "franchisor" authorizes the proven methods and trademarks of his business to the "franchisee" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising‚ training‚ and other support
Premium Franchising
What are the main advantages and disadvantages of foreign direct investment as a means of entering new markets? Support your answer with real examples‚ where possible. Introduction Globalization describes the process by which regional economies‚ societies‚ and cultures have become integrated through a global network of communication‚ transportation‚ and trade. Bhagwati (2004). Big part of globalization is Foreign Direct Investment. Foreign direct investment (FDI) can be defined as the
Free Foreign direct investment Investment Multinational corporation
Online Shopping Introduction It is safe to say that the internet has changed the way we live our lives‚ whether it is the way we connect with friends on social media sites‚ the way we play games‚ and the way we shop. Even for the minor proportion of people who do not purchase products over the internet‚ tend to search prices and product specifications online before buying from any retail shop. This paper will examine the history of online. It will also explore the benefits and risks of online shopping
Premium Retailing Online shopping Electronic commerce
health care facilities‚ and thy use some devices for the point of care documentation. The purpose of this paper is to discuss electronic health record devices that are used to document point of care. The paper further discusses the advantages and disadvantages of electronic health records which are being used at the point of care. Finally the paper will then discuss a recent visit to the doctor where an electronic health record device was used at point of care. Electronic devices
Premium Personal digital assistant Health care Electronic health record
Genicon 1. What advantages and disadvantages does Genicon have over large multinational corporations in the process of market selection? Genicon has been at disadvantage in US market due to group purchasing organizations have been controlling sales of minimally invasive surgery products since 1990s. GPO financial structure has been favoring large companies and it was getting difficult for several startups or smaller organization to enter market and position them. Since Genicon did not have big
Premium Economics Marketing Management
event of a CNG cylinder leaking after an accident‚ the gas would rise and diffuse rapidly whereas the liquid fuels would spread over a wide area‚ with a high risk of ignition‚ before eventually evaporating to form a dispersing heavy vapour. Disadvantages CNG Shorter distance covered before refilling is required – This problem may be partially addressed with a higher coverage of CNG refilling stations‚ particularly on a contiguous basis. Higher re-fueling time – This is being addressed to through
Free Gasoline Carbon dioxide Methane