demonstration of the advanced technology of the future. Though it was a fictional story‚ Star Trek became the universal vision of the future. As always reality tends to mimic fiction. Though our society has not quite resulted to living in space‚ we have made life easier with technology. Economic survival has become more dependent upon information and communications bringing forth new technology of which was never thought possible. Just a mere thirty years ago a computer occupied a whole room compared
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|Entry Mode |Advantages |Disadvantages | |Joint Venture |Gain immediate access to local partner’s knowledge‚ |Coordination between partners may not be smooth | | |expertise‚ networks‚ and market share |Political risk exposure is high | | |Development
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What is Bullwhip effect? Bullwhip Effect can in short be described as the variability in orders in a supply chain system moving up from consumers to core manufacturers. It is also known as the whiplash or whipsaw effect. The causes of this Bullwhip effect have been identified as:- Demand forecast In any company order is placed with the suppliers based on the demand graph. The order is placed to fulfill the current demand and also keeping in mind any unpredictable sale‚ which is the safety stock
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decades‚ Sonic Records has been a front-runner in the music-industry. To keep up with the changes to go electronically‚ they will be teaming with an online music store. They went with this decision because of the change in this industry as there is less demand for CDs that are being sold in stores. In order for Sonic to continue to succeed in this industry‚ the subsidiary needs to be formed. Sonic’s competitors have already been using this method for years now but‚ Sonic has now chosen to take
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Computers have become such indispensible devices in the modern time that we cannot imagine life without computers.However‚there have been different ideas on the benefits of computers.in my opinion‚computers can help us have instant access to great sources of information but they also bring many potential harms to our life. On the positive side ‚computers are of great importance in the following aspects.Firstly ‚we can get all kinds of valuable imformation through the internet in all fields such
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Globalization is "the integration of states through increasing contact‚ communication and trade to create a single global system in which the process of change increasingly binds people together in a common fate." Some economists see globalization as being in the best interest of all states involved‚ while others believe that increasing modern trade and global economic relations is harmful in many ways. While globalization marks a move in the direction of a more open world-trading government‚ it
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Advantage and Disadvantage of Unemployment. To anyone who suffers from unemployment‚ this would be a hard time for them in order to support their living. However‚ an economist is looking at unemployment is a necessity to maintain a balance economy. Therefore there are advantages and disadvantages of unemployment in a country. The disadvantages of unemployment are as clear as water to most people in the society even if they did not study economy. Deprived of a job meaning lacking of income‚ if the
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One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
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Nowadays many people all over the world spent most of their free time watching television; but since its appearance‚ television has brought to man many advantages as well as disadvantages. Television plays an important role in our daily activities: it keeps us informed about all the current affairs in the world. Television helps us in broadening Our knowledge in many ways. Through language teaching programs‚ we can learn the language we like such as: English‚ French‚ German‚ Chinese‚ Japanese
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What is telehealth ? telehealth is a collection of means or methods for enhancing health care‚ public health and health education delivery and support using telecommunications technologies . It also ecompasses a broad variety of technologies and tactics to deliver virtual medical ‚ health ‚ and education services. While on the other hand telemedicine is the remote diagnosis and treatment of patients by means of telecommunications technology. Telehealth uses computer assisted telecommunications
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