1. Competitive advantage A distinctive competence is a unique firm-specific strength that allows a company to better differentiate its products and/or achieve substantially lower costs than its rivals and thus gain a competitive advantage. Resources are financial‚ physical‚ social or human‚ technological‚ and organizational factors that allow a company to create value for its customers. Company resources can be divided into two types: tangible and intangible resources. Tangible resources are something
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Mini Cooper Creative Brief Introduction Mini is a British automotive brand owned by BMW. It made its debut in the year 1959. From that time to today Mini has achieved a great reputation within the market. The Classic Mini‚ which is the original design-to-space concept‚ influenced generations of car makers with its transversal placed engine which enables space saving. New Mini models also live up to its characteristics as a small city car that creates space inside and saves space outside
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Federalists Advantages Federalists had several advantages in promoting the Constitution over the anti-federalists. The Federalists were for the Constitution because they wanted a more conservative government‚ where as the anti-federalists were against it because they didn’t want the government to be in control of everything. George Washington‚ the first president of the United States‚ was one of many of the advantages the Federalists had over the Anti-Federalists. For starters‚ he was
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Advantages of the Smart Phone Blythe Oade Baker College Smart phones combine the versatility of cell phones‚ gaming consoles‚ PDAs‚ and personal computers into one handheld device. Whether people need them for personal or business use‚ they can find a smart phone to customize that meets their liking. “It seems America is getting hooked on the smart phone. We depend on these modern Swiss Army knives for everything from planning our schedules to checking the news‚ finding entertainment and managing
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I. Problem and It’s Background The Creative Toy’s Company is a small firm that specializes in producing small wooden toys that was started by John Wilson. Mr. Wilson is a carpenter by hobby and built numerous toys for his own children‚ and then he found out that these toys are quite marketable an age of plastic and battery operated and easily broken toys. In the past‚ upper management allowed each department to determine its own procedure and methods‚ as long as production orders were filled
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I have chosen the Comparative Advantage Theory for my key term to discuss. I chose this term because it has a great importance on world trade clearly help shape the pattern of world trade‚ and also to get a better understanding of the concept. Comparative Advantage is the benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost. According to Satterlee (2009)‚ opportunity cost is the value of what had to be given up‚ or forgone‚ to consume or achieve the object
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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Creative Story: The Lake It was the middle of springtime and across from my house where the incident took place. There was a lake there in which my brother and I loved to explore from time to time. The humidity and waterdrops where reminiscent of a fully functional sauna. The onslaught of heat and burning glow of the sun was relentless. Nonetheless‚ this fact did not bother us one bit‚ but gave us more incentive to dance with our cool and embracing "long-lost love". The first step of
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The Advantages of Drones By: Jacob Griffin INTRODUCTION: Since the beginning of time‚ man has had a great desire to fly. In 1903‚ the Wright Brothers were the first men to achieve sustained‚ powered flight. Long after man first flew and with the invention of advanced electronics‚ people decided they wanted to fly small planes for themselves as a hobby. For years‚ people have enjoyed flying radio controlled aircraft. An advance in technology correlates to an advance in electronics‚ which results
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Critical Thinking: Marketing Marketing is more than commercials on the television or billboards that dot the highways‚ they are more than advertisements in the paper or salesman attempting to sell you their products. Many believe that this is marketing but marketing is so much more complex than the advertising and the selling of goods and services. Marketing is the process of interesting potential customers and clients in your products and/or services. (Ward) Another definition is "Marketing is
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