The Advantages of Industrial Clusters in Prolonged Economic Recession Dr. Ninko Kostovski University American College Skopje Abstract Industrial clusters have various forms and in their essence‚ are very dynamic concepts. According to Porter‚ they are spatial concentrations of interrelated enterprises‚ suppliers‚ knowledge workers‚ universities and research and development institutions‚ that establishing and maintaining intense linkages between them‚ create their competitive
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different types of vending machines that are used by business owners throughout the world There are many advantages that are associated with the use of vending machines. For example‚ consumers will be able to purchase items like drinks and snacks on the go‚ which will save them time throughout the day. Another advantage of using a vending machine is that it can be placed in areas where there is not room for a cafeteria or other eating establishment. Business owners can also benefit from the use of vending
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economy. It is a privately owned business that was established in 1962 by Mr. Sam Walton in Bentonville‚ Arkansas. Walton opened Wal-Mart as a one-stop shop providing services at unbeatably low prices. Wal-Mart has opened many stores‚ and its development dominating most parts of the American society. Arguments have been raised on the implications of these low prices to the U.S economy and its communities. Film maker Robert Greenwald highlights the impacts of Wal-Mart on small American societies in the film
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record of all transactions for a small business is very important. Small businesses need to have a system in place for all record keeping for many reasons. One reason would be to control the creation and growth of records. Although we try to become a more paperless society the amount of paper we use never seems to go away. An effective records management system will limit the amount of copies you have to make‚ reducing the waste generated. One reason is for small businesses to stay within compliance
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The Impact of Road Improvement on Small Business Historically governments have invested millions of dollars on upgrading the infrastructure of a country by providing the necessary capital and labor needed. The economic rationale for government involvement is that infrastructure investment requires large capital outlays‚ and has very long pay-off periods (Investment Insight‚ 2012). Infrastructure is defined as the basic inputs into and requirements for the proper functioning of the economy. This
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11/6/12 Business Relations The 6 Facets of Customer Service What does “customer service” mean? According to Melvin Richardson’s article “What does customer service mean?”‚ Customer service means: listening to your customers‚ satisfying every want and need‚ taking ownership of the customer’s account‚ showing appreciation‚ smiling and following up with each and every customer. These are all simple tasks to complete individually but they become more complicated to fulfill when they are all lumped
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Question 1: Imagine that you are in charge of logistics for a small exporting business such as Honeyland. What are the difficulties you need to think about? Efficient logistics is important for businesses especially when they involve in exporting products to reach their market. For a small exporting business such as Honeyland‚ there will be difficulties in managing logistics. Leading supply chain practices and processes commonly reside with large retailers and manufacturers. They have and driven
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“According to the scholars‚ All the Small Business owners are not entrepreneurs” Small Business is normally privately owned corporations‚ partnerships‚ or sole proprietorships and it typically has a small number of employees. (Wikipedia‚ the free encyclopedia) A business that is independently owned operated and also well aimed for profit can call as a small business. “At the same time venture growth is the essence of entrepreneurship” In political economics‚ entrepreneurship is a process
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greatest leaders in American business - past or present? What did/do they do that makes you call them leaders versus managers? I consider Bill Gates and Steve Jobs to be the greatest leaders in American business. Over the past 25 years‚ technology was the industry of choice for many of the top business people. Microsoft ’s Bill Gates and Apple’s Steve Jobs both exemplify the explosion in that realm. Gates‚ Microsoft chairman and world ’s richest man‚ is the No. 1 business leader of the past quarter-century
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minimize. KONEK.COM is a hardware store located at Mabini St.‚ Molave Zamboanga del sur. It was owned and managed by Mr. & Mrs. Roy Megapatan. They started at a very small scale business selling cell phone accessories. But because of the company’s dedication for hard work and determination to rise among others‚ the very small hardware store becomes one of those who are trusted when it comes to supplying electronic devices such as computers‚ computer accessories‚ cell phones‚ cell phone accessories
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