What is the difference between competitive advantage and comparative advantage? Answer: An advantage that a firm has over its competitors‚ that differentiates the Product or services offered by the firm and allows the firm to reduce it’s Cost or generate Higher Revenue or Margin is known as Competitive Advantage. A competitive advantage is something that a consumer views in a product or service as having higher value than the other competitors of the firm in the industry. It is an expertise that
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the ocean wherein he discovers the island of Caribbean. Columbian exchange is a phrase coined by Alfred Crosby. It represents the essence of the historic narrative. It refers to the period of cultural and biological exchange between the New and the Old Worlds. It is the exchanging of crops such as plants‚ animals and technology were able to transform the European and Native American ways of Life. More than that‚ Columbian exchange impact has an impact on the lives of people because it affects and
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Stock Exchange (Share Bazaar) is one of the most vital parts of the capital market. Stock Exchange is the market from where purchase and sale of industrial and financial securities are done. It is the place where trading in securities is done through rules and regulations laid down by the SEBI (Securities and Exchange Board of India). It performs various functions and provides useful services to the investors and borrowing companies. Stock exchange is an organized market for buying and selling of
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excellent fiscal policy designers should opt for a flexible exchange rate system. Nations‚ however‚ which do not have such policy makers should opt instead for a fixed exchange rate system. When attempting to stabilize an economy‚ monetary policy is the most efficient weapon that policymakers possess (Weerapana‚ 2003). In other words‚ it is much simpler to enact monetary policy than fiscal (Weerapana‚ 2003). Some nations benefit from a fixed exchange rate system‚ however. Nations such as Brazil‚ Kenya
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"If you were an exchange student from Thammasat Business School‚ what would be your three strategies in convincing your friends from the exchange university to go on exchange at Thammasat Business School?" One of the most memorable parts in university life is exotic experience‚ which students can gain through an exchange program. This abroad experience will enhance and broaden the visions of student as they are shaped to be adaptable to new environment. And when it comes to making this decision
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A. Ion exchange Chromatography Ion exchange chromatography is a process for separating proteins and other molecules in a solution based on differences in net charge. Ion Exchange Chromatography relies on charge-charge interactions between the proteins in your sample and the charges immobilized on the resin of your choice. Ion exchange chromatography can be subdivided into cation exchange chromatography‚ in which positively charged ions bind to a negatively charged resin; and anion exchange chromatography
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Columbian Exchange How you ever wondered what the Columbian Exchange was and how it affected our world today? The Columbian Exchange was coined by Alfred Crosby. The Columbian Exchange is defined as the transatlantic flow of goods and people. Columbus believed the earth was round. He was right but he underestimated the size of the world. Many people believed the world was flat as well as people would literally fall off the end of the world. Columbus was funded by King Ferdinand and Queen Isabella
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What makes a leader effective? Our world as we know it cannot run without leadership. From presidents and prime ministers to teachers and parents‚ we are always under the leadership of others‚ and often lead others ourselves as well. For such a fundamental concept in current society‚ it is surprising that many do not know what makes a leader effective. First of all‚ leaders need to be capable people. They usually have some sort of education in the area they are leading in‚ as well as talent or
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the Old World? The answer to this question would be the Columbian Exchange. Referring to the exchange of diseases‚ ideas‚ food crops‚ and populations between the New World and the Old World following the voyage to the Americas by Christopher Columbus in 1492 (Nunn‚ and Qian). This exchange was very important to the development of America‚ and would help lead America into becoming a world power later in history. The Columbian Exchange brought domestic animals‚ crops‚ diseases‚ and technology to the
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QUALITIES OF A LEADER Different companies‚ teams and situations need different kinds of leader and leadership qualities. However those leaders always possess some basic qualities which I appreciate such as: communication‚ trustworthy‚ confidence‚ enthusiasm‚ stability‚ thoughtfulness and be a model. Communication is the key to become a good leader. He/She should stay close with the team and care for them in only their work but also their privation if possible. People always want to be cared‚ especially
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