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Money is a medium of exchange. Early economies functioned on a barter system. If you had sheep and needed grain, then you would look for someone who had grain and hope they needed sheep--or, if...
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1. The attached article gives a fairly balanced view of the proposed increase of the minimum wage in California to $15/hr. It cites an economist, Michael Reich, as suggesting the minimum wage...
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By this quote, Marx means that money has value beyond just its monetary value. Instead, money can be converted into a process by which it is turned into a commodity. It is then capable of being...
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The jobs that are lost are skilled positions where labor can be outsourced; policymakers can focus on preparing people for jobs in America, as well as protecting our nation from outsourcing in a...
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Hello, thanks for your question on competitive strategies that might have helped to propel Activision Blizzard past Electronic Arts, as leaders in the gaming industry. Background According to...
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Certainly price could affect the change in demand for an iPod. Right now Apple has cornered the market when it comes to compact mobile listening technology, but you cannot discount competition from...
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It depends on what's meant by "narrow span of control," but I can certainly think of examples that might be helpful in answering this question. When we use the term "manager," we are presupposing...
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This question engages the issue of shareholder activism which has been increasing discussed in the financial news in the past few decades. The first thing to note is that shareholder activism is an...
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Every generation fears for the future of the United States when it observes the next generation to come. An innate sense of conservatism with respect to societal norms causes many mature adults to...
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Business
The family in Italy spends about 39% of its income on food, while the family in Mexico spends about 58% of its yearly income on food. Interestingly, according to the photos, the types of food they...
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Let's examine the significant difference between these two terms, which mark two extremes of market structure: Perfect competition is a type of market that has many consumers and producers with no...
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A common working definition for "global network" is the following definition: A global network is "any communication network that spans the entire Earth." If you use this definition, then a global...
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The distinction between public and private corporations is one of ownership and control. A privately-owned business is just that: a company owned and operated by an individual or group of...
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Business
Free trade agreements (FTA's) are an integral practice within an ever-growing globalized market economy, and, in America especially, free trade agreements have resulted in huge economic gains. As...
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Families with low incomes face a chain reaction, as VanFleet (2002) documents (see the source below), meaning that their poverty affects them in many ways. They cannot afford proper health care,...
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Business
ERP (Enterprise Resource Planning) management involves using software to manage the integration of different business functions, including resources such as cash, production capacity, and raw...
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Business
Bulgaria was a Soviet satellite state from 1946 to 1989; it is now a member of the European Union (despite concerns over its high incidence of corruption) and NATO. The country has been criticized...
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Deciding which of the following countries--Russia, Bulgaria, and Estonia--would best represent business opportunities for Canada is a multifaceted question, with several variables to be considered....
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Business
Chevrolet uses the marketing technique of focusing on its awards, such as those from J.D. Power Awards and Car and Driver magazine. The commercials use "real people" to demonstrate the cars'...
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Business
A manager is a fairly precise term, referring to a specific form of supervisory role. Part of what defines a manager is a job description that includes the responsibility of acting as a bridge...
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Business
According to the article, the problem Monsanto is facing is the increasing number of weeds that have developed resistance to its leading herbicide, Roundup. The success of Roundup had been based on...
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There are many different ways of interpreting what actually gave rise to the financial crisis. Personally, I'm not sure that terms such as "heroes" and "villains" really help us understand what...
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Business
Under Occupational Safety and Health Administration (OSHA) regulations, employers are mandated to provide a safe workplace for employees. Included among key employer responsibilities is to have a...
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Business
There are different ways to approach giving a 25th anniversary speech (this anniversary is referred to as the silver anniversary). One way is to start with a quote, such as the proverb "a good wife...
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Business
Jointly Payable vs. Payable in the Alternative Note that the check was made payable to "Andrew Michael Bogdan, Jr., Crystal Bogdan, Oceanmark Bank FSB, the Goodman-Gable-Gould Company " with no...
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Process strategy involves figuring out the most efficient way to produce a good or deliver a service so that processes do not need to be outsourced and so that quality assurance is maximized. There...
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There are three primary motivations for developing a business model that includes the delivery of high quality goods and services: market reputation, customer loyalty and retention, and customer...
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Business
Economic interventionism is an economic policy view that favors government intervention in the market. Interventions often take the form of regulations, policies, or subsidies. These may be...
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Business
The answer to this depends on which government you are discussing, what markets, and the precise forms of intervention. For example, in the wake of the financial crisis of 2008, many governments...
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Business
According to a 2016 survey by the National Association of Colleges and Employers (NACE), Accounting is the most sought after major among employers. In fact, 98 percent of those who responded were...
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Business
A market economy is one in which the prices of goods, investments, and services are unimpeded by government regulation of any sort with the market and laws of supply and demand setting prices. The...
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Business
The unemployment rate does not count all jobless individuals. To be classified as unemployed, a person must be jobless, looking for a job, and available for work. People without jobs who do not fit...
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The letters stand for the Latin phrase “curriculum vitae,” which translates generally into “the progression of one’s career over the course of a lifetime.” This term is used most often in...
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Business
There are several things to consider when writing a cover letter. I will assume this is a cover letter for a job. At the top of the page, in the center, you should list your name, address, city,...
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The website at the following link: http://www.rythospital.com is a counterfeit website. It purports to be a website for RYT Hospital, Dwayne Medical Center, and it runs an ad for Rivitalex, which...
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As there seem to be several different and not entirely related questions here, this answer will focus on giving you a starting point for answering some of them. For the mission statement, you...
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Business
On the surface, this idea sounds very appealing. Who wouldn't want to eliminate waste, eliminate error, and make their processes more effective? The goals of this idea are admirable and useful....
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Major Themes of the Case Study This case study examines the practices of Chiba, a Japanese company that has largely succeeded in implementing and integrating its corporate philosophy with its...
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Business
Management is comprised of a body of managers or a group of individuals responsible for providing leadership to various departments in a company. Management has several roles in a company, but...
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Business
Often, people only focus on the negative impacts of monopolies. One of the most basic benefits of a monopoly is that companies with monopolies can use economies of scale. They can buy, produce, and...
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I'm not really clear on the context in which this question is being asked, since it is listed under "Business," which presupposes a capitalistic system of some sort, I would think. If consumers do...
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Passive strategy: If you invest $1000 passively, you might put it into an index fund in which the $1000 is allocated to stocks/securities in exactly the same proportions that the security holds in...
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The biggest mistake that Warren and Carol Oats made when they got to Japan -- or, in fact, before they got to Japan -- was not doing their research. Every cultural mistake that they made was one...
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1) Summary of the case: Liu is struggling to uphold the standards of Almond, a German company that is seeking to expand its holdings in China. Chen, a member of the firm's board, has expressed...
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A trade discount is offered in a business setting and facilitates a reduction in the cost of goods and services purchased by a company. Trade discounts are typically offered within a specified...
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Business
A firm that wants to expand its business through strategic alliance(s) will benefit through access to increased resources and capabilities and through broadening market channels and brand...
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Business
Some current topics of interest in Finance are auction and game theory; gambling and sports (University of Salford); employee satisfaction and employee working environment; corporate culture;...
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The description of "six distinct traits of professionalism" can vary depending upon one's source. One set of traits—as described by the Kappa Omicron Nu National Honor Society for the Human...
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Monopolistic competition is a type of imperfect competition in which firms sell products that are differentiated from those of their competitors. Product differentiation is typically achieved by...
