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 are Nike's aims and objectives?

    Q: What are Nike's aims and objectives?

    A: Nike is one of the largest manufacturers of athletic apparel and sporting equipment in the world, therefore it has numerous, distinct missions and aims. As with all publicly traded companies, Nike’s first objective is to make a profit for the shareholders.
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  • Does Bill Gates own any part of Apple?

    Q: Does Bill Gates own any part of Apple?

    A: There is no mention of Bill Gates owning even a small portion of Apple in either his About.com or Wikipedia entries. This means that, unless this is a topic that has not been brought to the public, Bill Gates does not own any part of Apple.
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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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  • 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 a high-value customer?

    Q: What is a high-value customer?

    A: High-value customers are clients on whom the survival or profitability of a business depends, according to Chief Marketer Network. Without these customers, a business loses its competitive advantage and market share, resulting in decreased performance. In worse scenarios, loss of high-value customers could result in a bad reputation or the collapse of a business. Hence, these customers should receive highly personalized care and attention from business owners and employees.
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  • Who are Walt Disney's competitors?

    Q: Who are Walt Disney's competitors?

    A: As a media and entertainment company, the Walt Disney Company's major competitors include Time Warner, Viacom Inc. and Comcast. Their cruise line and theme parks also compete with companies such as Six Flags Entertainment and Carnival Cruise Lines.
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  • What is the Coca-Cola organizational chart?

    Q: What is the Coca-Cola organizational chart?

    A: The Coca-Cola organizational chart explains the corporate chain of command. The chain of command is crucial to maintaining order in the decision-making process. In an effective chain, responsibility flows downward, while accountability flows upward, as stated in the Business Dictionary.
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  • What are the benefits of international business?

    Q: What are the benefits of international business?

    A: International business fosters rapid growth for companies because they have to meet huge demands and relatively higher standards. As such, companies are pushed to expand and invest in the best tools and technologies to keep up. However, according to Economy Watch, there are also many more benefits.
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  • How much money does Bill Gates make every minute?

    Q: How much money does Bill Gates make every minute?

    A: According to a report by Wealth-X, in 2013 Bill Gates earned about $23,148 per minute, which is the equivalent of approximately $1.38 million per hour, $33.3 million per day and $11.5 billion in the year. In 2013, his earnings were second only to those of Warren Buffet.
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  • How can I redeem Kool-Aid points?

    Q: How can I redeem Kool-Aid points?

    A: The last day to redeem Kool-Aid points was June 30, 2010, so it's no longer possible to redeem them. The program was discontinued on June 30, 2007.
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  • Who owns Google?

    Q: Who owns Google?

    A: Google is a publicly traded company owned by a group of shareholders. Founders of Google, Larry Page and Sergey Brin, own most of the shares of the company.
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  • Where is the Home Depot corporate office?

    Q: Where is the Home Depot corporate office?

    A: As of 2014, the corporate headquarters of the Home Depot is at the Atlanta Store Support Center on Paces Ferry Road in Atlanta, Ga.. The headquarters reside in an edge city about 10 miles northwest of downtown Atlanta called Cumberland. The area is the region's fifth-largest business district and shares a ZIP code with the unincorporated nearby town of Vinings.
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  • What does "inc." mean?

    Q: What does "inc." mean?

    A: A company with a name that ends in "inc." is incorporated, giving its owners, officers and investors specific legal advantages. Essentially, these key people in the business have no personal liability in the event that the business fails or assets are seized due to mismanagement or unpaid debts.
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  • How long can companies try to collect a debt?

    Q: How long can companies try to collect a debt?

    A: Companies can try to collect a debt almost indefinitely, according to the Federal Trade Commission. However, in practice they are unlikely to be successful after the statute of limitations, allowing them to sue you in order to collect that debt expires. These statutes of limitations vary from state to state.
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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 importance of a chain of command?

    Q: What is the importance of a chain of command?

    A: A chain of command is important for forming an organizational system, establishing figures of authority in various environments and simplifying decision making. People on different levels within a chain of command have unique responsibilities to fulfill, and individuals who sit low on a chain of command often have the least influence over organizational matters. When there is no chain of command, organizational activities become more complex, confusing and less productive.
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  • What is corporate planning?

    Q: What is corporate planning?

    A: Corporate planning is a strategic tool used by companies to set long-term plans to meet certain objectives, such as business growth and sales volumes. Corporate plans are similar to strategic plans, but place greater emphasis on using internal resources and streamlining operations to achieve certain end goals.
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  • What is a Fortune 50 company?

    Q: What is a Fortune 50 company?

    A: A Fortune 50 company refers to the 50 most prosperous and progressive organizations in the world. These companies make the most revenue and hold greater sway over the world's finances than any other businesses. The top 50 organizations in the Fortune 500 listing are given this auspicious title.
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  • Who owns Hollister Co.?

    Q: Who owns Hollister Co.?

    A: Hollister Co. is owned by the company Abercrombie & Fitch. Hollister was founded in July 2000 and was meant to cater to a younger teenage crowd with lower prices than Abercrombie & Fitch.
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  • What is the difference between privatization and commercialization?

    Q: What is the difference between privatization and commercialization?

    A: In the strictest sense, privatization is the industrial assumption of functions or institutions that were formerly part of or administered by the government, whereas commercialization is the introduction of a commodity into the free market for mass consumption. An example of privatization is the growing trend of for-profit colleges. In contrast, the introduction of a new food item at a fast food restaurant is an example of commercialization.
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  • What is a principal officer in a corporation?

    Q: What is a principal officer in a corporation?

    A: A principal officer is usually a manager in a corporation who is authorized to exercise some corporate powers, such as signing contracts and making major business decisions. Corporate law distinguishes officers from regular employees because officers have a greater responsibility to conduct the business of the corporation.
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