Corporations

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According to Inside Business Magazine, a company faces direct competition when there are other businesses within the market that offer the same services or products. Indirect competition occurs when a company faces business rivalry from substitute services or products. Both direct and indirect competition may lead to negative impacts on a company's performance. Designing and implementing a good business plan is an effective strategy in overcoming fierce competition.

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  • What is the Samsung mission statement?

    Q: What is the Samsung mission statement?

    A: Samsung's mission statement is "Inspire the world, create the future." As one of the leading electronics companies in the world, Samsung Electronics is characterized by new technology, creative solutions and innovative products. Its mission statement changes every decade to match the current business and technology climate.
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  • How many Barbie dolls have been sold since 1959?

    Q: How many Barbie dolls have been sold since 1959?

    A: According to the Washington Times, Barbie manufacturer Mattel does not know precisely how many dolls have been sold since 1959, but sales figures number in the billions. Every three seconds a Barbie doll is sold somewhere in the world.
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  • How many hamburgers does McDonald's sell in a day?

    Q: How many hamburgers does McDonald's sell in a day?

    A: As of September 2014, McDonald’s sells about 6,480,000 hamburgers in a day worldwide. This works out to 75 hamburgers every second. The restaurant has come a long way from its humble beginnings.
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  • What are corporate goals?

    Q: What are corporate goals?

    A: Corporate goals are statements that outline an overall company vision that includes an operating philosophy and specific objectives. Corporations set goals to provide direction to management and employees. Clear goals allow companies to communicate expectations and provide a blueprint for decision making.
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  • Why did the East Coast Fishery collapse?

    Q: Why did the East Coast Fishery collapse?

    A: According to Canada History, the East Coast Fishery collapsed due to the inability of the government to regulate the volume of cod being fished from the Grand Banks. By 1995, the fishery had completely collapsed, with an estimated cod bio-mass left at a mere 1,700 tons.
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  • What is the slogan for Volkswagen?

    Q: What is the slogan for Volkswagen?

    A: As of 2014, Volkswagen's current slogan is "Das Auto," which means "The Car" in German. The car company launched this new slogan in 2007 at the Frankfurt Motor Show.
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  • What are the objectives of McDonald's?

    Q: What are the objectives of McDonald's?

    A: The main objective of the McDonald's corporation is to be the customer's favorite place to eat. To achieve this, McDonald's created a global strategy called "Plan to Win," which focuses on creating an extraordinary customer experience.
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  • Are there any Bank of America branches in the Philippines?

    Q: Are there any Bank of America branches in the Philippines?

    A: Bank of America has a branch in the Philippines in the city of Manila. Manila is the capital and largest city of the country. Bank of America has locations in 12 countries and territories within the Asia Pacific region.
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  • What happened to Pan Am Airlines?

    Q: What happened to Pan Am Airlines?

    A: Once the largest international air carrier in the United States, Pan American World Airways collapsed following bankruptcy in 1991. It was founded in 1927 as an air mail and passenger service from Key West, Fla. to Havana, Cuba.
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  • What is the Remington Arms Company?

    Q: What is the Remington Arms Company?

    A: The Remington Arms Company is a manufacturer of firearms. The company was founded in 1816, and it is the oldest operating firearms manufacturer in North America.
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  • What are Enbridge pipeline projects?

    Q: What are Enbridge pipeline projects?

    A: According to the company, Enbridge has several North American pipeline expansion projects in the works as of 2014. These include the Big Foot oil pipeline, the Athabasca pipeline twinning project, the Edmonton to Hardisty pipeline project and the Flanagan South pipeline project. Additional pipelines being managed by Enbridge are the Line 78 pipeline project, the Line 79 pipeline system project, the Norealis pipeline project and the Norlite diluent pipeline project.
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  • What is the purpose of a business organization?

    Q: What is the purpose of a business organization?

    A: A business organization determines who is liable for a business and how the business pays its taxes. The most common forms of business organization are sole proprietorships, partnerships, limited liability companies and corporations. When one or more people conduct business, the state and the IRS consider the business a sole proprietorship or partnership by default, while other forms of organization require significant paperwork and legal proceedings.
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  • What is the Birmingham Silver Company?

    Q: What is the Birmingham Silver Company?

    A: The Birmingham Silver Company is a company that buys all types of silver, including scrap silver. It is a UK company located in Hockley, Birmingham, and it pays instant money in either cash, bank transfer or cheque for silver.
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  • What is the definition of "corporate veil"?

    Q: What is the definition of "corporate veil"?

    A: The term "corporate veil" refers to the concept that a publicly traded company's shareholders are shielded from liability connected to that company's actions. If the company incurs corporate debts or breaks laws, the corporate veil concept dictates that shareholders should not be held liable for those errors.
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  • What are the disadvantages of transnational corporations?

    Q: What are the disadvantages of transnational corporations?

    A: The disadvantages of transnational corporations include job insecurity, environmental degradation, poor working conditions and the risk of outsourcing. The arrival of transnational corporations to new areas is generally met with enthusiasm, but there are downsides to having multinational corporations expand into new territories too. From exploitation of natural resources to market domination, there are several consequences of business expansion around the globe.
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  • What is the difference between CEO and CFO?

    Q: What is the difference between CEO and CFO?

    A: The chief executive officer is the highest-ranking overall position in the entire company, while the chief financial officer is the highest-ranking financial position. While both essential positions in any company, there are major differences in the roles each one plays.
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  • How do you start a Starbucks franchise?

    Q: How do you start a Starbucks franchise?

    A: Starbucks Corporation does not offer new franchise opportunities for its stores. However, it provides franchises for Seattle’s Best Coffee, which is a wholly owned subsidiary of Starbucks.
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  • Who is the president of LA Fitness?

    Q: Who is the president of LA Fitness?

    A: According to the Orange County Register, as of January 2011, the president of LA Fitness is Louis Welch, The chain of health clubs, privately owned by its executive management team, was founded in 1984 and is headquartered in Irvine, California.
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  • What time does T.J. Maxx open on Black Friday?

    Q: What time does T.J. Maxx open on Black Friday?

    A: In 2013, T.J. Maxx stores opened at 7 a.m. on Black Friday. Marshalls, which is owned by the same parent company, also opened at 7 a.m. on Black Friday in 2013.
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  • Who owns the Hershey chocolate company now?

    Q: Who owns the Hershey chocolate company now?

    A: As of June 30, 2014, the Hershey Trust Company is the shareholder with the greatest number of shares, making it the owner of the company. The Hershey Company, formerly known as the Hershey Foods Corporation, Hershey Chocolate Corporation and Hershey Chocolate Company, is an investor-owned public corporation.
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  • When was Colgate made?

    Q: When was Colgate made?

    A: Colgate, the business, began in 1806. As published on Colgate’s corporate website, the brand started out as starch, soap and candle company in New York City. The toothpaste was first introduced in 1873.
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