Tag: advantages
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Free market system
Market system Market economy is an economy where resources are allocated by the price mechanism, the consumers determines what is produced. Example: United States
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Primary research
Primary research Primary research is a data conducted first hand or personally The information is generated by personally without referring to previous sources, often referred to as fresh information Eg. Interviews Advantages and disadvantages of Primary research Advantages of primary research New and updated information generated Very low chances of error Disadvantages of primary…
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Control, Responsibility, Span of control,Scalar chain and Delegation
Control and responsibility The organisational structure defines the roles and responsibilities of the people in a company It also shows who has to report to whom Span of control Span of control is the number of employees who directly report to their superior The number of people a manager directly controls Scalar chain…
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Disadvantages of Multinationals
Disadvantages of multinational companies on the countries Domestic market is badly affected Dumping may ruin the entire industry The revenue is taken back by the multi-national company Technology may not be applicable
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Advantages of Multinationals
Advantages of multinational companies to the countries Employment opportunities Tax revenue to the country Providing goods and services Global image Country is introduced to new technology