FUNCTIONS OF MONEY Money is something that people use every day. We earn it and spend it but do not often think much about it. Economics define money as any good that is widely accepted as final payment for goods and services. Money is so common that we rarely think about what it is. The characteristics of money include durability‚ divisibility‚ portability‚ and scarcity. Money acts as a unit of account‚ medium of exchange‚ and a store of money. First money is a store of value. Store of value
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Comparing the industrialization of Britain and Japan Two ships can arrive at the same destination; however that does not necessarily mean that they used the same route on their journey. Such is the same with the industrialization of Britain and Japan. Both rose to become the two great pioneers of the modern world; however the paths they took to success were different. This paper will compare Japan and Britain‚ exploring the causes of its industrialization‚ and how the countries drastically changed
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Integrative Case: Wal-Mart’s Japan Strategy 1. Question: Do you believe Wal-Mart can be successful by circumventing the current Japanese distribution system? The Japanese distribution system has two distinct characteristics: too many very small retailers and multiple layers of wholesalers. Japanese consumers prefer to buy fresh‚ high quality food and have the tendency to purchase goods in small amounts and at frequent intervals. Since real estate is very expensive in Japan‚ people live in very small
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thousand Koreans lived in the main Japanese islands. This population largely consisted of students‚ merchants‚ and workers who entered Japan during the first four decades or so after the Meiji Restoration in 1868. In the 1920s‚ the Japanese economy experienced a shortage of labor. In response‚ Koreans seeking better educational and employment opportunities migrated to Japan. Until the late 1920s‚ most were male migrant workers who frequently shifted occupations. Most ethnic Koreans were farmers from
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SPECIAL FEATURE 2 Seven-Eleven Japan’s Business Model Since its establishment in 1973‚ Seven-Eleven Japan (SEJ) has always closely tracked changes in society and consumer lifestyles and has taken steps to enhance its own operations to meet emerging trends. SEJ continues to implement reforms to support continued progress. This section explains the strengths of SEJ’s business model. SEJ CORPORATE PHILOSOPHY • Modernization and Revitalization of Existing Small and Medium-Sized Stores
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Representative and other channels in order to change the Daitenho which is the local law that prevent TRU to expand the stores in Japan. Secondly‚ TRU had Den Fujita‚ President of McDonald’s Japan‚ as a local partner. He can help TRU to enter Japanese market because he had substantial experience with real estate and also had a lot of government contacts. Thirdly‚ it was a recession in Japan in 1990s. Daitenho was revised. Finally‚ TRU had a lot of experience in operating stores in many countries‚ TRU experiences
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October 21‚ 2013 Analytical Paper on Centralized Feudalism In the sixteenth century‚ Tokugawa Japan had a feudal system of domains that brought their political system together and set them apart from other countries. This system was based upon a supreme ruler‚ the Shogun‚ who was over several Daimyo. The Daimyo served as lords of land holders who reported to the Shogun. This system was a catalyst in the rapid progress and development of this country. The country’s natural landscape and their
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fast-growing emerging markets goes on and on. The U.S. forecast is a meager 2.4 percent‚ comparable with most Western economies. The domestic companies that are likely to see incremental growth in the coming decades are those that are not only doing business internationally‚ but that are developing the strategic skill set to master doing business across cultures. Cross-cultural core competence is at the crux of today’s sustainable competitive advantage. If one day you’re asked to manage a supply chain
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Almost one million people die in Japan every year. In other words‚ people die every 31 seconds. Some people die because of illness. Some people die because of car accident. Some people commit suicide. There are many kinds of death in this world. I believe most of those deaths are disconsolate and absurd. However‚ the honorable but unbelievable death existed in Japan in the middle ages. We call that hara-kiri. Hara-kiri is basically an act of killing your self by cutting open your stomach with a sword
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making their membership cards(w4‚t5) i/e matrix Total ife weighted score (2.57) Strong 3‚0-4‚0 Average 2‚0-2‚99 Weak 1‚0-1‚99 High 3‚0-4 1 2 3 Medium 2‚0-2‚99 4 5 6 Low 1‚0-1‚99 7 8 9 Company should hold and maintain strategy. Market penetration Product development
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