Advantages and Disadvantages of Oligopoly When the market is dominated by a few suppliers‚ it is termed as oligopoly. It can be observed in the television industry of the United States‚ where the market is governed by a handful of market players. The advantages and disadvantages of this market form can be clearly demarcated. Oligopoly market form exists in the television and media industry‚ health care insurance industry‚ and cellular phone service industry of the United Sates. This is because each
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of the business plans. It also involves the process of coordinating and controlling various activities in the organization. An effective manpower planning requires a careful assessment of the future needs of the organization. It involves the development of strategies to match the requirement of employees and availability of positions at a regional as well as a national level. Those in charge of manpower planning need to have a foresight about the business plans. They need to plan the activities for
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Advantage (depending upon implementation some of these can turn into disadvantages) employment (1 emp/1000 tourist) (labor intensive‚ few administrative positions‚ little upward mobility.) infrastructure development (roads‚ water‚ electricity‚ telecom and cybercom‚ but not necessarily local priorities.) cultural preservation (economic incentives to preserve food‚ fashion‚ festivals and physical history‚ but these tend to be superficial elements of a culture.) environmental protection (econ incentives
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Advantages and Disadvantages of Outsourcing Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks. Once the task is outsourced to the service provider‚ he will take the responsibility of carrying out the tasks and maintaining
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expenses Advantages: Using budgeting‚ you can plan what money you have and where it will be spent. You can moderate where money can be spent and can provide bonuses if things go particularly. Also budgeting can motivate staff as it can be used for assessing performance in a department and measuring there success. Define goals and objectives Align corporate goals with regards to markets‚ sales levels‚ margins‚ manning‚ cost levels and capital investment with your budgets. Think about and plan for
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well as the advantages and disadvantages of each source. In order to make effective decisions and coordinate the decisions and actions of the various departments‚ a business needs to have a plan for its operations. Planning the financial operations of a business is called budgeting. Although budgeting allows the organization to plan their work and work towards their plan‚ it also has both advantages as well shortcomings that can affect an organization’s progress. The main advantage of a budget
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Advantages and Disadvantages of the Internet Internet has been developed since the first electric computer appeared. It’s been better and better now‚ and it’s so common that everyone who own the computer must be using it because most of the time we can’t use the computer without it. Although the Internet is good and so important for us‚ there are still many disadvantages of using the Internet. First‚ the Internet has greatly improved our lives‚ and it has become necessary for everyone who
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live without cars‚ buses‚ trains and planes many years ago. Some people prefer travelling by car‚ others think that it’s dangerous and pollute the environment. There’s no doubt that travelling by car has both many advantages‚ and a lot of disadvantages. Travelling by car has many advantages. First of all‚ we can go anywhere we want using car. We don’t have to waste our time and wait for a bus. If we compare using bus‚ bus only bring us to station bus not to the right location that we want. Also‚ using
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2010‚ I realize that one theme keeps showing up: Adventure travel is simply good for you. So I’ve compiled a Top Ten list of the reasons why. While there are several physical health benefits to adventure travel (see Nos. 1‚ 2‚ and 3‚ below)‚ the advantages for your mental wellness are just as impressive (Nos. 4‚ 5‚ and 6). Too‚ adventure travel can enlighten your soul (Nos. 7 and 8 ) and even help save the world (Nos. 9 and 10). Can you think of
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One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
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