In 1983‚ Hong Kong implemented Fixed-linkage System to US currency because of the reason that Hong Kong currency was very unstable. This Fixed-linkage System is a fixed exchange rate system that fixes the exchange rate of Hong Kong Dollar and United State Dollar to a ratio of 7.8: 1 Hong Kong Monetary Authority does not need to stable exchange market by controlling the supply and demand of HKD. It can be stabilized by Fixed-linkage System. In the past 15 years‚ Hong Kong interest rates and exchange
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Nowadays‚ McDonald’s brand has more than 31‚000 fast-food restaurant‚ located in 121 countries and regions. McDonald’s restaurant industry has become the world’s most valuable brands. However‚ McDonald’s face a big problem about business sales in Hong Kong. First of all‚ people are increasingly aware of fast foods harm human health‚ resulting in a decline in sales of McDonald’s fast food. Most people think that McDonald’s is a restaurant that sells primarily unhealthy junk food like hamburgers‚
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How E-tailing affect on Traditional Retail Market in Hong Kong? Products The product quality and Word-of-mouth are importance evaluation of online products. The consumers would consider both quantitative and qualitative aspects of online reviews. The consumer will also collect the comments about favorable news and unfavorable news before they are going to purchase in internet. Moreover‚ when consumers read online reviews‚ they are concern that not only to review marks but to other contextual
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Hong Kong International Airport (HKIA) is the main airport in Hong Kong; it is an important regional trans-shipment centre‚ passenger hub and gateway between the Mainland China and the rest of Asia. And HKIA is the primary hub for several domestic airlines‚ such as Cathay Pacific Airways‚ Dragonair‚ Hong Kong Express Airways‚ etc. Review the history‚ HKIA has won seven Skytrax World Airport Awards for customer satisfaction in just ten years (Skytrax‚ 2010)‚ the second busiest airport in the world
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price reducing strategy‚ which is commonly used in response to strong competition‚ may see short term gains‚ rarely does it attract and retain new customers (Chan & Wong 2005). In Hong Kong many hotels have reduced their room rates to remain competitive‚ however the above implies that hoteliers would do better to understand how their services and facilities influence customer satisfaction rather than simply reducing their room rates. (Chan & Wong 2005). Customers are interested in value for money and
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food market has a sharp growing‚ expanding at 20% a year. In 2006‚ the sales of organic baby food were increased 21.6%. There are also has dramatically increase in variety‚ availability and decreasing the cost of organic food. Local trend of organic food At the end of 1980s‚ there were many cases happened in Hong Kong that poisonous crops which are contaminated with pesticide‚ people in Hong Kong raise their awareness of health. Until 1990s‚ Organic foods have been selling in Hong Kong‚ most
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Challenges Hong Kong Faced from Shanghai as an International Financial Centre 09815346D YUE Pujue (Betty) The day that Shanghai’s financial system is protected behind the thick walls of a closed account has gone away. When China’s State Council revealed the plan to develop Shanghai into a multi-functional international financial centre by 2020 in the late March 2009‚ Shanghai rapidly responded to the call by increasing its financial industry output value as a share of
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FAST-FOOD & ORGANISED CATERING IN HONG KONG: A MARKET ANALYSIS © Access Asia Limited‚ 2001 Fast-Food & Organised Catering in Hong Kong: A Market Analysis China Contact Publication date: Published by: UK Address: Telephone: Fax: China address: August‚ 2001 China Contact 19‚ Bramford Court‚ High Street‚ Southgate‚ London N14 6DH‚ UK +44-20-8350-7150 +44-20-8882-4986 Room 702-2‚ Huaizhong Building‚ 1162 Huaihai Middle Road‚ Shanghai 200031‚ PR China. +86-21 6472 7888 +86-21 6472 8206 chinacontact@accessasia
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Hong Kong Peninsula’s OLI study of Qatar market 1 Ownership Advantages According to Dunning’s eclectic OLI framework [1993]‚ the ownership specific advantage is talking about control issue such as cost‚ benefit and risk of inter-firm relationships. These issues can be justified as three elements: Firm Size‚ Multinational Experience‚ and Ability to develop differentiated Products. Dunning and McQueen [1981] also point out that the foundation of the firm entering new market is able to acquire
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groups the most in need for financial support in Hong Kong. They face keen competition and suffer from the local economic regression‚ which create difficulty to them earning a living. Young people‚ in general‚ refers to people in the age groups of 15-19 and 20-24 (Chung Kim-wah 2009). They are recognized as labor force in Hong Kong‚ but their employment opportunities are not optimistic. Those school leavers in the age of 15-24 entering the labor market have little competitiveness compared graduate job
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