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Competition in a Free Market

–          North Americans live in a free market society –          In a free market, businesses can make a profit, which means that successful business people can keep some of the money that they make –          Profit drives business; the more successful a business becomes, the more profit the owner keeps –          Profits may be reinvested…

Business Competitive Advantages

businesses look for advantages over their competition Some of these advantages are temporary, part of the continual back- and forth activity that occurs among competitors i.e. Pepsi and Coke Sustainable Competitive Advantages o   Sustainable competitive advantages are methods by which a business holds on to its customers, in spite of the competition o   Developing a…

Customer Relationship Management

Marketers use customer relationship management tools to create marketing programs that satisfy customers Customer relationship management involves three stages: customer acquistion, customer retention, and customer reacquisition Customer relationship management Overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction Information technology and database systems Customer contact brands or companies…

Functionalism, Systems Theory, Symbolic Interactionism, Social Exchange Theory

Functionalism: -The sociological theory that ties to explain how a society is organized to perform functions effectively. This theory focuses on how the structures function within society. It is the oldest sociological theory and is also used by anthropologists. – These structures, for example: the law, political system, and family; called institutions. – assumes that…

Studies of the Family: Psychological, anthropological, sociological

ANTHROPOLOGICAL: The study of human behavior in societies, therefore it is the study of culture, the arts beliefs habits institutions and other endeavours that are characteristic of a specific community, society, or nation. – studies highlight the diversity of behaviors that fulfill the functional requisites of society. – ethnocentrism: the tendency to evaluate behavior from…

Functions of the Family

1. Responsible for the addition of new members through reproduction. Society must maintain a stable population in order to survive. Population growth provides a competitive advantage that usually enables a society to become wealthier. 2. Provide physical care for their members, including adults, children and dependent elderly. When families are unable to care for their…

Energy Movement in Ecosystems: Trophic & Energy Pyramid

Organisms can be classified into trophic (feeding) levels depending on how they get their energy. Organisms that get their energy from nonliving sources (sun, organic matter) are called autotrophs (producers) and make up the 1st trophic level. Organisms that get their energy from other living things are called heterotrophs (consumers). Heterotrophs that eat autotrophs make…

The Outer Planets: Jupiter, Saturn, Uranus, Neptune, Pluto & Charon

Our solar system is divided into two sections, the first section being the inner planets consisting of Mercury, Venus, Earth, and Mars. The inner planets have rocky crusts, dense mantle layers, and very dense cores. The second section consists of Jupiter, Saturn, Uranus, Neptune, and Pluto. Except for Pluto, the outer planets are gaseous with…