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Cost–benefit analysis – Systematic approach to estimating the strengths and weaknesses of alternatives; Kaldor–Hicks efficiency – State leading to a Pareto-efficient outcome, concerning the compensation principle; Pareto efficiency – Weakly optimal allocation of resources
Social exchange theory is a sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits. The theory also involves economic relationships—the cost-benefit analysis occurs when each party has goods that the other parties value. [1]
PT Sumber Alfaria Trijaya Tbk or Alfamart is a primarily-franchised Indonesian convenience store chain. As of June 2023, it has over 18,000 stores in 27 provinces spread across Indonesia , with 4 million daily customers and tens of thousands of micro, small and medium-scale business partners. [ 1 ]
In marketing strategy, first-mover advantage (FMA) is the competitive advantage gained by the initial ("first-moving") significant occupant of a market segment.First-mover advantage enables a company or firm to establish strong brand recognition, customer loyalty, and early purchase of resources before other competitors enter the market segment.
Tournament theory is the theory in personnel economics used to describe certain situations where wage differences are based not on marginal productivity but instead upon relative differences between the individuals. [1]
The theory of CMM was developed in the mid-1970s by W. Barnett Pearce (1943–2011) and Vernon E. Cronen. Communication Action and Meaning was devoted to CMM, is a thorough explication of CMM, which Pearce and Cronen introduced to the common scholarly vernacular of the discipline.
Localization economies arise from many firms in the same industry located close to each other. There are three benefits of localization economies: The first is the benefit of labor pooling, which is the accessibility that firms have to a variety of skilled laborers, which in turn provides employment opportunities for the laborers.