A competitive advantage is an advantage over competitors gained by offering consumers greater value either by means of lower prices or by providing greater benefits and services that justify higher prices. Competitive strategies 1. Differentiation-this involves selecting one or more criteria used by buyers in a market. It is about charging a premium price that more than covers the additional production cost and about giving customers clear reasons to prefer the product over other‚ less differentiated
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Communication Technology Communication is the imparting or exchanging of information by speaking‚ writing‚ or using some other medium. The communications revolution is based on three technologies Telephone Televisions Computer. The history and development of communication technology is one of the ever increasing speed and efficiency of communication over ever greater distance and ever decreasing costs. Telephone: Telephone / Mobile Phone is a system for transmitting voices over a distance
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The Happiness Advantage: The Seven Principles of Positive Psychology that Fuel Success at Work Traditionally‚ most people believe that in order to be successful they must work hard‚ and once they are successful‚ they will be happy. Today we have the beliefs that if we can just find that great job or win that promotion‚ happiness will follow. This theory may be the cause of many people leading unhappy lives. The Happiness Advantage: the Seven Principles of Positive Psychology to Fuel Success
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National Trust 1. Use a SWOT analysis to explore the internal and external issues affecting the National Trust. “SWOT analysis focuses on Strengths‚ weaknesses‚ opportunities and threats facing the organisation”. (Mullins and Christy‚ 2010. P.545). According to the case study‚ National Trust is a non-profit organisation‚ which is managed by small Board of Trustees. The organisation is totally independent from government‚ and owns a huge number of properties includes historic houses‚ villages
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The advantages and disadvantages of living in a block of flats To begin with‚ it is said that living in a block of flats is very uncomfortable but many people do not agree. With such view a block of flats helps to find a lot of friends and deepen our communication skills. So what are the advantages and disadvantages of living in a block of flats? One the one hand‚ living in a block of flats is advantageous for many reasons. Firstly‚ people who live in a block of flats are friendlier than people
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process by which a company makes it methods‚ especially its production processes‚ uniform throughout its organization. Standardization helps cut costs by eliminating duplicated effort and allows a company to take advantage of economies of scale when purchasing supplies. However‚ some advantages may be lost when a company decided to standardize its operations. Disadvantages Loss of Uniqueness If a company builds up a customer base that values its unique niche products‚ or if the company serves a specialized
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A random document By looking deeply in any three of these media we could find many advantages as well as disadvantages.Firstly television has got a versatile Misleading messages may again divert young minds towards a wrong path. Wrong interpretation of news may even blow things out of proportion. This would create further unrest in any place or even violence in case of extreme situations. The children may learn violence by seeing movies and TV programs. They try to act as super heroes they
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actions that are usually recognised as noble‚ virtuous and other-regarding. It provides a powerful set of principles to enforce moral conduct that we would commonly accept‚ such as condemnation of murder‚ rape and theft‚ based on reason. Weaknesses: Kant’s assumption that the morally good will would always coincide with a correct knowledge of the moral law has not proved to be well- founded. Differences in moral perception show that this is rarely the case. Kant’s clear-sighted vision
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people worldwide these days for many health problems. For anyone that has thought about using this treatment to get relief from your pain‚ but are not sure if it will be effective for you‚ then you have to be made aware of the advantages of it now. There are many advantages for this treatment‚ but the following are the most common and important ones for you to have in mind as you choose if this treatment is the best solution for you. 1. Treatment is effective for a number types of health issues
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Mechanical advantage is a measure of the force amplification achieved by using a tool‚ mechanical device or machine system. Ideally‚ the device preserves the input power and simply trades off forces against movement to obtain a desired amplification in the output force. The model for this is the law of the lever. Machine components designed to manage forces and movement in this way are called mechanisms. An ideal mechanism transmits power without adding to or subtracting from it. This means the ideal
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