Social media is an added tool to a set of tools for a marketer, in the 21st century it is almost inevitable for a business to sustain a competitive advantage without an online presence, the difference is for most small or new businesses your social media presence will not happen overnight, it is a process of time and dedication to make that happen which is the job of often a social media manager working alongside marketers. But when done right, social media can transform a business. According to
For example, it may be in the form of equity financing in which the friend or relative receives an ownership interest in the business. However, these investments should be made with the same formality that would be used with outside investors. The advantages of financing from family and friends are more flexible than other lenders, offer loans without security or accept
They could be copyright infringement issues, and there could be issues of privacy invasion. Besides that, this application does not have password to protect the mobile user and the other people can tab and watch the video without permission, because sometimes people use
Three decades before no one wondered of open source or free to air concept, but it came into existence almost then; two decades before. Yet debates transpire about its usefulness and disadvantages. However, mass percentile benefits from it as its affordable & highly customizable for innovation driven businesses. Open source software is fundamentally related to sharing and gaining wisdom from the communities. Open source, still gaining popularity compared to proprietary and it's burgeoning as more
are able to make connections worldwide. Pondered (2006) concur with Cross Domain Solutions (n.d.); the Internet is a convenient and popular form of communicating with people from various parts of the world. The Internet has numerous of advantages and disadvantages involved with Internet usage. Particularly, the Internet most concerned area of usage is cybercrime. Stefan (2011) defined cybercrime as any criminal act or illegal activities conducted through the
by competitive firms (LINFO, 2006). If these natural monopolies are offering good prices correlated with a good quality of products, societies don’t need to take any action against them. Governments grant monopolies in the form of patents, copyrights, trademarks, and franchises to inventors, artists, composers, writers, entrepreneurs and others to innovate and produce creative works (LINFO, 2006). These government-granted monopolies help the society because they are time restricted, and because
Being blind he had better hearing, so he had a big advantage when writing and playing music (Clash Music). There were also disadvantages to being blind for example when his son was driving him to a concert a log fell out of the back of a truck, and with no knowledge that he should have moved, it hit Wonder straight in the forehead. He was in
does not mean the business despite all to achieve their goals. Therefore, the issue of business ethics is in place for each company and create a code of ethical conduct is a vital strategy. However, creating a code of ethical conduct besides brings advantage for the company, there is some evidence that developing codes of ethical conduct in an organization also have some drawback. First of all, business ethics is not derived from the eternal absolute truth, but from the business practices of every business
the existence of common institutions. Federal law is above the law of the Federation, that determined by the constitution. The executive branch implements laws and there is an independence of the federal legislative institutions. Secondly, this is advantages of federalism, which include protection
Classification of markets (market structure) and its practical importance. Relate it to the world of real competition with illustrative examples.. Market structure is the characteristics of the market. The major characteristics in describing the market structures are the nature of competition and the mode of pricing in the market. Market structures can also be described as the number of firms in the market that produce identical goods and services. The market structure will influence