Why is a small business potentially in a better position to achieve customer satisfaction than is a large firm? Large firms usually have a competitive advantage over small business in most elements in business operation (Longenecker‚ Petty et al. 2003; Longenecker‚ Petty et al. 2010). However‚ customer satisfaction has been questioned as being potentially better achieved by Small business than by large firms (Longenecker‚ Petty et al. 2003; Higgins 2009; Tjan 2009; Heaney 2010; Longenecker‚ Petty
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Department of Economics 11-1-2007 Technical Efficiency in the Indian Textiles Industry: A Nonparametric Analysis of Firm-Level Data Anup Kumar Bhandari Indian Statistical Institute‚ Kolkata Subhash C. Ray University of Connecticut Follow this and additional works at: http://digitalcommons.uconn.edu/econ_wpapers Recommended Citation Bhandari‚ Anup Kumar and Ray‚ Subhash C.‚ "Technical Efficiency in the Indian Textiles Industry: A Nonparametric Analysis of FirmLevel Data" (2007). Economics
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FOUNDING FAMILY OWNERSHIP AND FIRM PERFORMANCE: EVIDENCDE FROM THE S&P 500 The main of this paper is to evaluate the relation between firm performance and family ownership. There was a lot of belief that family ownership structure was very inefficient and less profitable as compared to the other ownership structures. Many reasons have been put forward for the same: owners may choose nonpecuniary consumption and draw resources away from profitable projects. Families often limit executive management
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Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach‚ mark your feeling about its appropriateness using the following scale: 1. definitely not appropriate‚ 2. probably not appropriate‚ 3. undecided‚ 4. probably appropriate‚ and 5. definitely appropriate The business firm should try to get useful information about competitors by: __5___ Careful study of trade journals Studying the competitors is the correct way that
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must a firm consider while addressing the make or buy decision? Ans: International Operations management and corporate strategy: Operations management of an International business needs to be integrated with the firm’s corporate strategy. The central role of operations management is to create the potential for achieving superior value for the firm. If operations management takes Rs. 100 worth of inputs and brings out product worth Rs. 150‚ it has crated considerable value for the firm. However
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Topics: 1) Dissolution of a Partnership Firm. 2) Forms of partnership under Islamic Law. Submitted To: Sir. Usman Arshad Submitted By: Muhammad Hashaam Khalid BBA-12-043 Date: 26 November‚2012 Sub-campus (Bhakkar) Dissolution of a partnership Firm: Dissolution of a partnership firm means the ending of contractual relationship b/w all the partners. It means the closing of partnership business. According to partnership act: “ if there is dissolution of
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Acquiring Legal Status of a Business Firm under Sole Proprietorship in the Philippines Starting a business in the Philippines requires series of procedures and steps‚ and there are different processes of registration depending on the form of business the entrepreneur ventures. This research report will talk about how to acquire the legal status of a business under the business form – sole proprietorship‚ discussing in detail the steps involved. As Lawrence Gitman defines sole proprietorship
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Monopolies‚ Oligopolies and the Economy Monopoly is a term to describe an industry where a seller of a product or service does not have a competitor offering a close substitute. The word is derived from the Greek words monos (meaning one) and polein (meaning to sell). Rarely does a pure monopoly exist. In a pure monopoly there is only one company making and selling the item in question; however there can also be the situation where there is one company who has the bulk of sales and the other firms in
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Radical and incremental innovations have long been the cornerstone of which firms base their knowledge and methods of technological innovation. However‚ this paper serves to bring attention to one of the less apparent forms of innovation‚ whose importance is increasingly being brought to light. Architectural innovations are‚ as defined by Henderson and Clark‚ "innovations that change the way in which the components of a product are linked together‚ while leaving the core design concepts (and thus
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OLIGOPOLY INTRODUCTION In this topic the oligopoly form of market is studied. You will learn that fewness of firms in a market results in mutual interdependence. The fear of price wars is verified with the help of the kinked demand curve. Collusive forms and non-collusive forms of market are analyzed. The economic effect of the oligopoly form of market is presented. OLIGOPOLY CHARACTERISTICS The oligopoly form of market is characterized by - a few large dominant firms‚ with many small ones‚ - a
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