How the Customer influences Business Strategy A business strategy describe how a particular business intends to success in its chosen market place against its competitors. It therefore represents the best attempt that the management can make at defining and securing the future of that business. A business strategy should provide clear answer to the questions: - What is the scope of the business to which this strategy applies? - What are the current and future needs of customers and potential
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Ways that plants cope with saline environments Introduction There are a lot of plants in this world managed to grow in different kind of environments by adapting to those environments in certain ways. In this essay‚ plants grow in environment with different salinity are concerned. Plants can be divided into two different groups when it comes to salinity. The first type of plants is the plants that grow and reproduce in saline environment which are called halophytes (Jefferies. 1981). Whereas
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SC/SOC-SCI/3434/10-11 THE CHANGING STRUCTURE OF THE NIGERIAN ECONOMY AND IMPLICATIONS FOR DEVELOPMENT 1970-2011 LECTURER:Prof Olowononi DEPARTMENT OF ECONOMICS AHMADU BELLO ZARIA The structure of Nigerian economy can be broadly classified into four:The production‚Commerce‚Services and others. PRODUCTION: processes and methods employed to transform tangible inputs (raw materials‚ semifinished goods‚ or subassemblies) and intangible inputs (ideas‚ information‚ knowledge)
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Elopement goes with a huge price I could still recall that when I was still a little child I would always admire the hero and heroine eloping together from their unreasoning families. I was filled with the admiration for their bravery to challenge the social ideas and defend their romantic love. Such stories always end up with”They lived happily together ever after” in my naïve mind. However‚ after reading My Mortal Enemy by Willa Cather and Shangshi by Lu Xun‚ I started to reflect on the real sense
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that project the shared values of the people who work in a firm. Thus‚ the way an employer behaves his/her employees will be similar to the way the employees will behave the customers. In order to achieve this‚ there are some subtle behaviors that can send the most powerful messages to the customers. These involve the prompt initiation of the conversation‚ verbal greeting‚ getting customer committed which are all to welcome the customer as a guest. Hi is a good word with a smile on face to greet
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The Demand For Labor The demand for labor and other productive inputs is different from the demand for consumer products such as iPods‚ books‚ haircuts‚ and pizza. Firms use workers to produce the products demanded by consumers‚ and so economists say that labor demand is a derived demand. That is‚ it is determined by‚ or derived from‚ the demand for the products that workers produce. • Labor Demand by an Individual Firm in the Short Run. Consider a perfectly competitive firm that produces
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and Demand Simulation Catrina McLaughlin ECO/365 November 3‚ 2013 Dennis McGuckian Supply and Demand Simulation In the ECO/365 course you are taken through a simulation‚ where you are asked to manage the supply and demand of two-bedroom apartments. The apartments are located in a city called Atlantis‚ which seems to be a very attractive place to live. The stimulation is used to provide the learner with real-life situation of how the pricing of a good or service (price ceiling) can affect
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The Great Unwatched? Why can’t media placement firms guarantee online ad placements? As a marketer‚ is this a business model they need to just “deal with”? The structure of the online advertising system is complex and there are so many clutters between the advertiser and the consumers‚ as mentioned in the article‚ for it is the programming that is doing the entire ad placement. And even with all the checks and balance the computer is doing it still cannot guarantee 100% where the ad will be placed
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per pound‚ then the demand for leeks will rise by 10 pounds. Therefore we can conclude that the demand for leeks is elastic. 2. Marginal revenue is equal to price if the demand curve is horizontal. 3. If there is a price increase for a good that Marilyn consumes‚ her compensating variation is the change in her income that allows her to purchase her new optimal bundle at the original prices. 4. If the demand curve is a linear function of price‚ then the price elasticity of demand is the same at all
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Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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