Business Page 2

Airlines typically outsource their catering to specialist companies. This is because catering is a complex and time-consuming operation which requires specialised knowledge and equipment.

Productive bargaining is a process in which each side in a dispute works cooperatively to find a solution that is acceptable to both. It is a process in which each side tries to understand the other side’s interests and needs and to develop creative solutions that will meet the needs of both sides.

Commercial dance is a style of dance that is often seen in musical theater and on television. It is a fusion of many different styles of dance and is characterized by its high energy and flashy movements.

The soft drink industry is so profitable because people have a high demand for sugar and caffeine and are willing to pay for it.

The disadvantages of scientific management are that it can lead to specialization and a lack of employee creativity and initiative, and that it can be costly to implement.

To make a business plan, you will need to describe your business goals, strategies, and how you plan on execution. You will also need to include a financial plan and market analysis.

Global marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives. It is a process of managing product, pricing, communication, and distribution decisions designed to create global customer satisfaction and loyalty.

Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement.

Marketing research is important because it allows organizations to learn about customer needs and preferences. Additionally, marketing research can help organizations to identify new market opportunities.

Time management is important in the workplace because it allows employees to be more productive and to get more done in a day.