The Advantage In Technology Technology is the electric machines and systems that most people use daily. Technology has developed a lot during those years‚ and two important devices that most people use daily are the cellular and computer. The strongest advantage that technology can bring us is the much easier communication‚ and entertainment
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ADVANTAGE OF HAVING TWO MONTHS PRIOR TO YOUR SEMINAR * The advantage in preparing your seminar in two months prior to your seminar is that you can prepare everything with excellence because you have a lot of time to prepare. * You have a lot of time to locate a good venue‚ decide a design so that can capture the audience interest by seeing the area so relaxing and refreshing. * Whatever food you plan to fix‚ try to keep to the middle of the road in your selections of what to fix. Think
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everything in life‚ both chain and independent restaurants come with advantages and disadvantages; however‚ they both possess common factors such as growth‚ economic sales and development. Pertinent to the success of chain and independent restaurants is site selection. Because chain restaurants have more resources including the ability to retain realtors that specialize in real estate growth and development‚ they have an advantage. Though chain restaurants have the funding to hire experts in
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Competitive Advantage ”A company can outperform its rivals only if it establishes a difference that it can reserve”. - Michael Porter The unique skills and assets a company has to outperform its rivals are the sources of competitive advantage. The competitive advantage results from implementing a value creating strategy that is not implemented simultaneously by its competitors. The strategy attains sustainability if the competitors are unable to erode the strategic advantage the company has
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9 Case Study: McCafe The popular McDonald’s corporation has decided to branch out through the creation of McCafe‚ which is a coffee-house-style food and drink chain‚ recording 15 % more revenue than that of a regular McDonalds. The McCafe outlets focus on providing consumers with unique products that differ from that of the traditional McDonald’s menu‚ together with a contemporary store design. With these new chain outlets spread worldwide‚ gaining immense popularity‚ McCafe has also strategically
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3)Drinks Market Not only the menu McDonald’s need to modify‚ but also the lifestyle brand. McDonald’s know that drinking coffee is a culture or even a lifestyle for some people‚ thus McDonald’s add a McCafe section in their outlets. McCafe sell coffee‚ muffins and desserts to the customers who want to relax in soft leather
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What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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universities. The students may either find a job after leaving their school or further their studies in university. Some of the well to do students may opt for foreign universities. But there are advantages and disadvantages while students pursuing their studies in foreign universities. The advantage of pursuing studies in foreign universities is‚ they have better exposure and wider knowledge. Foreign universities are prestigious and reputable. They hired experienced lectures to teach the students
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McCafe Hardcastle Restaurants Private Limited (HRPL)‚ a Master Franchisee for west & south India operations of McDonald’s Restaurants and a wholly owned subsidiary of Westlife Development Limited‚ a company listed on the Bombay Stock Exchange (BSE : 505533)‚ officially announced the launch of the first McCafé® in-restaurant at its McDonald’s® Restaurant at SOBO Central‚ Mumbai‚ today. In embracing the coffee culture that is fast gaining acceptance in India‚ McCafé® aims to reach out to as many
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The Absolute Advantage concept is generally attributed to Adam Smith for his 1776 publication An Inquiry into the Nature and Causes of the Wealth of Nations in which he countered mercantilist ideas. Adam Smith argued that it was impossible for all nations to become rich at the same time by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their
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