Franchising has certainly become a key component of the U.S. economy. What are the major advantages and disadvantages of franchising? Advantages and disadvantages of franchising The main advantage that I think franchising has is the possibility to expand a brand …
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Question 1 Profit is the amount of money a business earns above and beyond what it spends for salaries and other expenses. Select one: True False Feedback The correct answer is ‘True’. Question 2 Correct 1.00 points out of 1.00 Flag …
Identify and discuss the social responsibilities of a company. Social responsibilities of a company Social responsibility is a moral system that recommends that a substance, be it an association or individual, has a commitment to represent the advantage of the …
Six-step approach to achieve long-term improvement of business ethic Before explaining the six-step approach, we need to know what is business ethic. Business ethics also known as professional ethics are the moral values and principle of business organization that helps …
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Comparative advantage and Absolute advantage in global market Comparative advantage in the global market is an ability of any given economic firm to manufacture products and services at a lower cost than other economic firms. Giving limited resources after that …
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Describe the steps involved in the marketing process. Steps involved in the marketing process Marketing process shows a planning procedure to enhance the reason for making all efforts in marketing. The five stages in key marketing are: mission recognition; situation …
Compare the assumptions Theory X makes about employees with those of Theory Y. How do these different assumptions influence management styles? If a manager believes that his colleagues don’t embrace their work and have little inspiration, then he would likely …
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Describe and compare the basic contributions of Maslow and Herzberg to the understanding of worker motivation Contributions of Maslow and Herzberg to the understanding of worker motivation The fundamentals of the Maslow’s theory deals with the human needs as well …
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What is a cross-functional, self-managed team? Who would serve on such teams? Why do cross-functional, self-managed teams often lead to networking? Cross-functional, self-managed team A self managed team is a team which deals on its own and on consistent schedule …
What is a matrix organization? What advantages and disadvantages are associated with this type of organization? Matrix Organization and its advantages and disadvantages A matrix organizational structure reveal relationships are set up as a matrix or a grid rather than …
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