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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elements; offer‚ acceptance‚ consideration‚ capacity to contract and intention to create legal relations. In this scenario there doesn’t appear to be an issue with capacity to contract and intention to create legal relations‚ so we can assume that they are both satisfied. The issues concerning this scenario are the concept of an offer‚ acceptance and consideration. When looking at the issues and assessing them‚ the objective view adopted in Smith v Hughes‚ rather than a subjective one. This unbiased
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This paper integrates elements from the theory of agency‚ the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We focus in this paper on the behavioral implications of the property rights specified in the contracts between the owners and managers of the firm. The possibility of monitoring the behavior of the company by means of review of controls has stayed aside in this analysis. In the activity they can use resources for changing
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affect the capital structure of a firm Credit ratings is the assessment of the credit worthiness of a firm based on historyof borrowing and repayment. Credit rating is the credit worthiness of a debtor. The debtors ability to pay back the debt. Companies with high rating (AAA) have a good market reputation and logically would avoid not being in favor of more debt in capital structure to save them from any adverse circumstances. High credit ratings expose a firm to obtain higher external sources
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Auction: Only way of allocating natural resources to private firms? Auction: Only way of allocating natural resources to private firms? “Is Auction the right way of allocating natural resources?” Time and again this question has come into limelight. Many scams still make us debate on this. Whether it is the 2G spectrum allocation scam or allotment of oil or Coalgate scam? Before getting into this debate lets first try to understand the rationality behind the allocation of natural resources
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Article Critique to the article “From common to uncommon Knowledge: Foundations of Firm-specific use of Knowledge as a Resource” Authors: Rajiv Nag and Dennis A. Gioia Published: Academy of Management Journal‚ 2012‚ Vol. 55‚ No. 2‚ 421–457 Course: Business Research Methods‚ Dr. Johannes Rank‚ Winter Term 2012/13 Submitted: January 28th 2013 Technische Universität Berlin Research question: “How can managers create uncommon knowledge when rivals have access to similar‚ commonly available
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Explain the Ethical Teachings of one Religion you Have Studied Christian Ethics contains numerous aspects within the ethical teaching of the religion; traditionally‚ the religion taught that something can be determined as ethical or unethical depending on whether God commands it as right or wrong‚ or a more calculative method of summing up the positives and negatives of a moral choice‚ and Christian ethics also contains an appeal to the Natural Law Theory. Christianity has a very diverse nature
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Find a review for a film‚ preferably one that you have seen. Movie: Mission Impossible III Source: Rotten Tomatoes Critic: Joe Morgenstern Publication: The Wall Street Journal According to the distinctions made in Chapter Ten‚ how is the reviewer approaching the film. Joe Morgenstern presents his review in a formalist manner. A formalist film analysis is concerned with elements such as plot structure‚ mise en scene‚ camera techniques‚ editing‚ and sound. A formalist film analysis that
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OFFER AND ACCEPTANCE For a contract to be valid‚ firstly there must be an AGREEMENT between the parties i.e. one party must make an OFFER which is UNCONDITIONALLY ACCEPTED by the other. OFFER What is an offer ? An offer is a promise that the person making the offer (known as the offeror) is prepared to be legally bound upon specified terms – he is making a statement of the terms on which he is prepared to be legally bound‚ for example A says to B would you like
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Rupavilas Patel Kaplan University Unit 1 Assignment Chapter 1 5 What role does professional research play within an accounting firm or department? Who primarily conducts the research? Professional research‚ if carried out properly‚ gives an accounting professional the tools need to investigate and assess an issue or problem that a client‚ business‚ or government may have. Being able to do this on a regular basis is a very important aspect of being a public accountant. Especially in today’s society
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