Piano Bed in Luce Visible Storage
The piano was an important element of the parlor in the United States in the nineteenth and early twentieth centuries. It was a focus of family life and attested to the social aspirations of the owner. The consumer of this convertible piano-bed could, in a way, have his cake and eat it too--enjoying the propriety that a piano conferred on his parlor while gaining a reasonably comfortable sleeping unit for a large family living in limited space. The amusing idea of sleeping in a piano (or a fancy
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U.S. shoppers fuel recovery
Consumer spending boosted the modest U.S. economic recovery in the July to September period, but not enough to cool job worries.
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Wall St. on hold for vote, Fed
Summary of business headlines: Lackluster economic growth ahead of mid-term election; Consumer spending grows, but jobs still a worry; Chicago manufacturing gets a pop; Merck takes $1 billion Vioxx charge; Stocks flat ahead of vote, Fed.
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3.2 Who is the customer?

Customers are people who buy our products and services, and may or may not use them. The key to defining these people as ‘customers’ is that each engages in an exchange relationship that adds value to the organisation providing the product or service. Consumers do not give any value to organisations – there is no exchange relationship. They use products and services, but do not buy them.

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Licensed under a Creative Commons Attribution - NonCommercial-ShareAlike 2.0 Licence - see http://creativecommons.org/licenses/by-nc-sa/2.0/uk/ - Original copyright The Open University

5 Conclusion

The idea of the double whammy brings together the two driving forces behind changes in industrial structure, with which this unit opened and now closes. The use of a new technology causes a decline in the costs of production, which in turn encourages a rapid take-up by consumers of products embodying the new technology. This unit has explored the factors affecting consumer demand. While the price of the product was found to be of crucial importance, socio-economic influences such as culture a
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4.3.2 Network externalities and increasing returns to scale

The reader should ask herself the following question: Would I subscribe to a telephone service knowing that nobody else subscribes to a telephone service?

The answer should be: Of course not! What use will anyone have from having a telephone when there is no one to talk to?

(Shy, 2001, p. 3)

The uncertainty surrounding production in the introductory phase, which places such importance on
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4.2 The industry life cycle

The model of the industry life cycle represents an industry as if it were a biological organism going through the stages of birth, growth, maturity and decline. This helps us to understand how a particular firm can become the ‘leader of the pack’ through innovation. In Section 2 it was explained that an economic model is a deliberate simplification of the world, which helps to provide a systematic way of thinking about causa
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2.1 Industry and markets: what do we mean?

Case study: Digital outsells film

Sales of digital cameras have overtaken traditional 35 mm cameras for the first time. According to monthly figures collated by national electric and photo retailer Dixons, digital camera sales out
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Licensed under a Creative Commons Attribution - NonCommercial-ShareAlike 2.0 Licence - see http://creativecommons.org/licenses/by-nc-sa/2.0/uk/ - Original copyright The Open University

Yemenis reject US and al Qaeda
Yemenis say they do not want any U.S. involvement in the country but at the same time distance themselves also from al Qaeda. Deborah Lutterbeck reports.
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An image of a pile of copper,silver and gold coins.
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Listen: Divinity professor offers new look at Book of Judges
Jack M. Sasson, the Mary Jane Werthan Professor of Jewish Studies and Hebrew Bible, offers a new appreciation of the first 12 chapters of the book of Judges in a forthcoming book that is part of the Anchor Yale Bible Commentary Series.
Author(s): Ann Marie Deer Owens

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Consumerism -- Exploitation or Expression?
Dave Harris
Producer (requires Internet Explorer) This RLO uses a number of images, including some in advertisements, to introduce some of the debates about consumerism. Some analysis is offered on how advertisements actually communicate strategically with consumers. For some theorists, consumerism represents the worst kind of ideological mechanism, binding people to capitalism by deeply affecting their desires.There is also a more optimistic view, stressing how people are able to use cons

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Stealing Empire: P2P, intellectual property and hip-hop subversion
Stealing Empire poses the question What possibilities for agency exist in the age of corporate globalisation Using the work of Antonio Negri and Michael Hardt as a point of entry Adam Haupt delves into varied terrain to locate answers in this groundbreaking inquiry He explores arguments about copyright via peertopeer P2P platforms such as Napster free speech struggles debates about access to information and open content licenses and develops a politically incisive analysis of counter discourses
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Consolidation in turbulent times
Lufthansa carried a total of 70.5 million passengers last year and was ranked number one by IATA (International Air Transport Association) for having carried the most number of passengers on international scheduled routes, leaving number two Air France lagging some 20 per cent behind.

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Branding Africa
Think of Africa and you’re likely to conjure up images of warfare, drought and corruption. But Ruurd Brouwer, Africa Director of entrepreneurial development bank FMO in the Netherlands says that, in order to attract investment to the continent, we need to get rid of the sorts of images as depicted by aid agencies and instead replace them with pictures of successful African bankers driving Mercedes cars.


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Coping with Copenhagen: the business implications
The Copenhagen Climate Summit (COP 15) began on December 7, 2009, on the heels of the pirating of the East Anglia University Climatic Research Unit's email exchanges, and calls of climate sceptics to re-examine the scientific basis for undertaking actions to limit greenhouse gas (GHG) emissions originating from human activity.
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The illusion of control: dancing with chance
Looking back, it may seem obvious that there was insufficient risk management in the financial industry. In a new book called ‘Dance with chance, making luck work for you’ authors Spyros Makridakis, Robin Hogarth and Anil Gaba suggest that while there are events that you can’t anticipate, there are better ways of dealing with risk.
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Just a pretty face(book)? Social media tries to come of age
Emails are old hat; SMSs passe. Tweeting, blogging, and posting on “walls” are no longer the domain of the under-30s. They have become a staple of the way most people in the world communicate today, of the way Fortune 100 companies reach out to customers old and new.
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Pricing guidelines for firms during a crisis
In their paper, When to Push the Panic Button?, INSEAD professors ‘Paddy’ V. Padmanabhan and Pushan Dutt show that consumers engage in consumption smoothing both across and within product categories, and that expenditure share of durable goods falls during a crisis. Also, within durables they find that expenditure on automobiles decreases, whereas expenditure on bicycles increases.
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Communicating your way to the top
Good communication skills outrank other core business competencies as the number one skill for corporate recruiters looking to hire MBA graduates. That rather surprising conclusion comes not from communications specialists, but from an organisation that has all the relevant data at its fingertips, The Graduate Management Admission Council (GMAC), which runs GMAT testing for MBA applicants.
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