Questions regarding the paper ‘Retail location theory: The legacy of Harold Hotelling’ H1) Can you describe the PMD including its relationship with Hotelling’s model? The principle of minimum differentiation comes down to the fact that retail firms want to make/sell their products as similar as possible in order to get the best return. Hotelling developed a model that is in line with the principle of minimum differentiation. The model can be seen as a location model and explains consumer preference
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the 1970s there was an enormous economic shift in the United States. Going from a manufacturing based economy to a service based economy there was a large change in the types of jobs now available to men as more opportunities for women and those with higher education. The level of education an individual received now largely dictated what type of job they were eligible for and women‚ now able to provide for themselves and their families relied less on the ideals of a breadwinner‚ male run household
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Cultural Differences “What are you? People say this to me as a pick up line in a bar or a question to prove their own assumptions about my race.” (Lee‚ 41).’ This quote shows how having different culture affected the way people lived as it is shown in the story “Hapa” as well as the poem “Legal Alien”. People with different cultural backgrounds have been judged based on their appearances. The authors from “Hapa” and “Legal Alien” both explained how they must tolerate other people by the way they
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Understanding Cross-Cultural Differences: Through the Lens of Societal Disparities between France and the United States Northeastern University October 25‚ 2012 INTRODUCTION Over the past several decades‚ the number of businesses expanding globally has increased tremendously. Improved technology and removal of trade barriers has made it significantly easier for firms to expand overseas and take advantage of unsaturated markets and growth opportunities. This increased expansion has led to
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Indeed‚ the article titled “What are Some Benefits of Studying Accounting at a Liberal Arts School?” states that “a liberal arts-based curriculum instills the writing‚ thinking and cross-disciplinary skills needed to successfully navigate through changing markets and economies.” Furthermore‚ employers prefer open-minded graduates who are more likely to bring innovation and change to their company. Liberal arts-based curriculums assist students in developing
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Gender Role Changes How does time influence gender roles? Gender is defined as the behavioral‚ cultural‚ or psychological traits typically associated with one sex‚ and gender role is defined as an overt public presentation of one’s gender identity. In the book‚ The Catcher in the Rye‚ the strict gender roles defined the way people were expected to act and how they were viewed. Compared to what we see today those expectations have changed since the 50’s‚ for the better. During the 1950’s men and women
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their budget. The Bargain shopper often goes to stores that have bargains(Hence the name “Bargain shopper“). They often miss out on good opportunities due to the fact that they only look for things that can be bought at half price or have a certain percentage off. Regardless of which shopping mall you enter‚ there will always be a variety of various shoppers; it is almost guaranteed that if observed closely‚ one of the four major types will be easily identified. Thus‚ your everyday mall is filled
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Reflection Paper “Cultural Change and Persistence in China” This article revolves about culture change and persistence in China. Since the 1949 Communist takeover in china‚ the central government has initiated variety of changes. Many of these changes were literally forced; people who resisted them were often resettled or jailed. Ancestor worship was also declared illegal. Some of the investigators did their studies about variability and similarity of Chinese family life. Most of them focused on
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I have never been to a Spanish speaking country‚ but would like to visit in the future. In some Central American countries you say “ buen provecho” when you serve food to someone‚ and it is also customary to say “ muchas gracias” after the meal. In Spain
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Managing Cultural Changes at Procter & Gamble In September 1998‚ the Procter & Gamble Company‚ Cincinnati‚ USA‚ announced a major global structural change programme‚ “Organisation 2005”. The mission of the programme was to take P & G’s global turnover from $ 38 billion to $ 70 billion by 2005. The objective was to raise profitability by changing the work culture at P & G. The change drivers identified were the attributes of Stretch‚ Innovation‚ and Speed (SIS). The structural changes
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