Why does vandalism occur? Vandalism is everywhere‚ why do it? It is stupid and reckless‚ not to mention illegal! It occurs because of bad choices you as a person make‚ like who you surround yourself around and the friends you choose. Or because of the mood or mindset you are in. There are many reasons why vandalism occurs‚ but not many ways to putting it to a stop. Friends are not always your friends! Friends sometimes get you into sticky situations‚ but friends are not the one’s making your choices
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3. Porter’s theorizes that four broad attributes of a nation shape the environment in which local firms compete‚ and that these attributes promote or impede the creation of competitive advantage. These attributes are‚ factor endowments‚ demand conditions‚ related and supporting industries‚ firm strategy‚ structure‚ and rivalry. He speaks of these four attributes as constituting the diamond. He argues that firms are most likely to succeed in industries or industry segments where the diamond is most
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Explain why it is important for marketers to understand the concept of branding. Discuss in detail concepts branding‚ brand positioning and brand equity and explain some brand strategies such as brand extension or brand stretching. Introduction. It is imperative for marketers to understand the concept of branding as it is the process which will identify and differentiate a company ’s product or service from the competition (Jobber‚ 2010). In our developed economy the competition and the offer
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Analyze the differences between ethical concepts‚ principles‚ theories‚ and tradition Mizzoni (2010) explains that understanding the distinction between ethical concepts‚ principles‚ theories‚ and traditions is part of the framework that may help one answer the philosophical problem about right and wrong. These terms will be briefly described and analyzed below. Ethical concepts Ethical concepts are described as the most basic building blocks of ethics (Mizzoni‚ 2010). They are thoughts or notions—
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Explain the gains from trade and the implications for trade negotiations Trade is the transfer of goods and services from one person or entity to another in return for something in exchange from the buyer. The fundamental force that drives trade is David Ricardo’s law of comparative advantage; that is‚ the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity. One country cannot have a comparative
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ASSIGNMENT QUESTION 2 Explain the origin and the concept of ‘Neighbour Principle’. Illustrate with decided cases the application of this principle. Above all‚ I want to explain the ‘Neighbour Principle’’. Lord Atkin stated his famous neighbour Principle as was that ’You must take reasonable care to avoid acts or omissions which you can reasonably foresee would be likely to injure your neighbour `.This is sometimes known as the neighbour principle. By `neighbour`‚ Lord Atkin did not
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Chapter 1: International Interdependence 1.4 ADVANTAGES & DISADVANTAGES OF INTERNATIONAL TRADE Pg 22-27 Advantages of International Trade The fundamental reason for international trade is to sell something that we don’t need and to buy something we do need. Trade creates jobs‚ attracts investments‚ attracts new technology and materials‚ and offers Canadians a wider choice in products and services. People spend‚ save‚ or pay taxes with the money they earn in their jobs. The government
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Theory of Absolute Cost Advantage MERCANTILISTS’ VERSION Mercantilism stretched over nearly three centuries‚ ending in the last quarter of the eighteenth century. It was the period when the nation-states were consolidating in Europe. For the purpose of consolidation‚ they required gold that could best be accumulated through trade surplus. In order to achieved trade surplus‚ their governments monopolized trade activities‚ provided subsidies and other incentives for export‚ and restricted imports
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Title: Explain why companies use competitive bidding and explain the advantage of using it. Introduction In the modern businesses‚ selecting the qualified suppliers becomes more and more important activities for the companies. Lots of companies use the method of competitive bidding‚ which is commonly used for selecting suppliers. Transparent procurement method in which bids from competing contractors‚ suppliers‚ or vendors are invited by openly advertising the scope‚ specifications‚ and terms
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International Trade Theory 1. International(or foreign) trade is across borders. 2. The Mercantilist Doctrine : mercantilism is the first(or preclassical) theory of international trade. 3. Absolute Advantage Theory : The absolute advantage theory holds that the market would reach an efficient end by itself. Government intervention in the economic life of a nation and in trade relations among nations is counterproductive. 4. Comparative Advantage Theory : It was the comparative advantage
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