buyers; they can do without the product for a period of time • Customers are price sensitive Availability of Substitutes - What is the likelihood that someone will switch to a competitive product or service? If the cost of switching is low‚ then this poses a serious threat. Here are a few factors that can affect the threat of substitutes: • The main issue is the similarity of substitutes. For example‚ if the price of coffee rises substantially‚ a coffee drinker may switch over to a beverage
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1 MALAYSIA CONTENTS Introduction Definition The Difference between 1 Malaysia concept and Malaysian Malaysia Concept 1 Malaysia concept 3 Basic Principles of 1Malaysia PRINCIPLE OF ACCEPTANCE PRINCIPLE OF NATIONAL SPIRIT PRINCIPLE OF SOCIAL JUSTICE 1Malaysia Values Conclusion References INTRODUCTION One people‚ One nation and One Malaysia. 1 Malaysia is designed to re-orient Malaysia towards a new direction‚ geared towards greater unity and success. Malaysian people
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Market Based Management on Knowledge Management and Effective Leadership Style at Southwest The fundamentals of Knowledge Management in building an effective leadership style will focus on establishing the importance and relationships between leadership practices and knowledge management in any organization. The business concept must be identified with the emphasis on detailed features and essential role of leaders while developing the organization goals. This paper will provide a framework addressing
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Emirates Airline is one of the five world leading airline companies founded in 1985. It was awarded the “World’s Best Airline” by Skytrax at the 2013 World Airline Awards. In addition Emirates Airline was awarded the “Best Middle East Airline” and for the ninth year in a row “World’s Best Inflight Entertainment”. Emirates Airline serves over 39 million customers a year based on 2013 data. Nonetheless as every other business‚ Emirates Airline faces its own challenges. The company needs to update
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wages and prices * Retraining workers policy Conclusion.................................................................................................................. 11 References.................................................................................................................. 12 Introduction There are limited historical records on unemployment because it has not always been acknowledged or measured systematically. According to the Department of Statistics Malaysia on 30 November
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Price Discrimination in Airline Industries Jennifer Solomon University of Maryland University College In many cases we run into industries that charge various customers different values for an identical good. These industries find that they intensify their revenues by using this method. Those industries that aid by this structure of moneymaking have participated in price discrimination. When you are boarding a flight I am sure you know that the passengers around you have not paid the same
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GST of Malaysia. Recently‚ Government Malaysia was implementation to change the service system and sale system tax to Good Service Tax system (GST) start from third quarter in 2011. GST is Value-Added tax (VAT)‚ there is tax on all taxable of goods and services in a country except those specially exempted goods and services. The implement of the GST is to substitute the sales and service tax which has been used in the country for several decades. It also can help government to reduce it’s to fall
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Executive Overview: Lufthansa is the largest airline in Europe in terms of passengers carried. By 2002‚ Lufthansa had become of the strongest airlines and top aviations groups in the world. Lufthansa had undergone a decade of fundamental change. Lufthansa was transformed from a state-owned‚ unprofitable national airline into one of the most profitable‚ privately owned aviation groups in the industry. The group turned a record loss of €350 million in 1992 into a pre-tax profit of €952 million in
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Development of a Vibrant and Sustainable Microfinance Industry Prices and Employment External Sector White Box: Development of Small and Medium Enterprises The Malaysian Economy in 2007 THE INTERNATIONAL ECONOMIC ENVIRONMENT IN 2007 Global growth was strong in 2007‚ driven by above-trend growth in most industrial economies and buoyant growth in emerging market economies‚ despite moderation in the United States (US) economy‚ higher oil prices and the onset of financial market turbulence in the second
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SABENA BELGIAN WORLD AIRLINES The company Sabena was the Belgian air carrier and one of the oldest in the world. It played it most crucial role in the development of Belgium’s colonial ties to Africa >> The airline was an important component of Belgium’s national sovereignty. The dependence on African routes resulted in long run problems after the colonies achieved independence >> Even losing money‚ the Belgium government continued to support it due to historical and employment importance.
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