Advantages: Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Some of the advantages that IT can have on our enterprise are given as following. 1. Storage: Information technology creates electronic storage systems to protect our company’s valuable records. 2. Automated Process: In business‚ people look for ways to do more work in a shorter amount of time. IT improves our company’s efficiency by developing
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The Advantages and Disadvantages of Incorporating a Business In order to mention all the advantages and disadvantages of incorporating a business‚ first I should try to explain what a corporation is. In 1819‚ Chief Justice Marshall of the United States Supreme court said: " A corporation is an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of the law." In the Webster’s College Dictionary corporation is defined as "an association of individuals‚ created by law and having
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1. List down the advantages and disadvantages of forming a partnership * Collaboration. As compared to a sole proprietorship‚ which is essentially the same business form but with only one owner‚ a partnership offers the advantage of allowing the owners to draw on the resources and expertise of the co-partners. Running a business on your own‚ while simpler‚ can also be a constant struggle. But with partners to share the responsibilities and lighten the workload‚ members of a partnership often
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Advantages of Total Quality Management (TQM) Improves Reputation - TQM programs have the advantage of improving corporate as well as product reputations in the marketplace‚ because errors and defective products are discovered much more rapidly than under a non-TQM system‚ and often before they are ever sent to market or found in the hands of the public. Higher Employee Morale - Compared to employees who are motivated‚ disengaged workers are less efficient‚ miss more workdays and cost organizations
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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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The Advantages and Disadvantages of Communicative Language Teaching The Advantages and Disadvantages of Communicative Language Teaching By HAH Introduction The focus of this essay is to highlight the advantages and disadvantages of Communicative Language Teaching (CLT). In doing so‚ it is important to first clarify the meaning of CLT and it’s place in the ongoing history of language teaching methodology. CLT is generally accepted as the most recognized‚ contemporary approach to language
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proprietorship is a business owned one person‚ who has full control of the business and how it is run. They also own all the assets of the business and any profit that it makes. In the same vein‚ they are also responsible for all the debts and liabilities the business accrues. There are lots advantages by being a sole trader. The first advantage is easy formation. The formation of sole proprietorship business is very easy and simple. No legal formalities are involved for setting up the business excepting
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Business/Corporate Travel Definition & Why: A corporate travel agent provides travel advice‚ research‚ and booking services to business clients. Corporate travel agents assist corporate executives and employees in making business travel plans in accordance with corporate policies regarding travel‚ as well as ensuring that business travel is completed in a way that respects employee and business scheduling while also reducing costs. The corporate travel agent may work in house for a company or may
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The pros and cons of an online business With the advent of the internet‚ businesses have taken to new found markets according to a Jupiter study more than $107 billion was spent over the internet. This has opened new doors to entrepreneurs to start a business using the internet. Not to be confused with the dot.com business that busted in early 2000‚ but a legitimate businesses. Starting an online business like everything else in life has its positive and negatives aspects. These are some
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Retail Management 3rd assignment Rahul Nakarmi Silver Mountain Graduate Business School Retail Management‚ Semester 5 Sachin Karanjit Feb 11‚ 2013 Advantages and disadvantages of different retail business There are various forms of retail and among them classification based on ownership seems quite popular. There types based on this are independent‚ chain and franchise retailer. Personally the example of independent retailer (small retail outlet) is one near my house which owned by a Gurung
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