Globalization – a shift toward a more integrated and interdependent economy Globalization of Markets – refers to the merging of historically distinct and separate national markets into one huge global marketplace; moving away from an economic system in which national markets are distinct entities‚ isolated by trade barriers and barriers of distance‚ time‚ and culture‚ and toward a system in which national markets are merging into one global market Converging tastes and preferences of consumers
Premium International trade International economics
Exam I -REVIEW-CH 1-4Exam I -REVIEW-CH 1-4 Student: ___________________________________________________________________________ 1. If Chrysler raises the prices of its new models of pickup trucks by 4 percent and General Motors and Ford follow by raising prices by a similar amount‚ then this is evidence of A. a monopoly. B. an oligopoly. C. pure competition. D. monopolistic competition. E. supply and demand. 2. Because the US government regulates business to ensure competition and protect
Premium International trade
stakeholders exert in the organisation. Introduction Each stakeholder is important to the business‚ however‚ some are more important than others. I have chosen the top three that I think are the most important and in this word document‚ I will evaluate how these stakeholders influence the NHS and McDonalds. McDonalds Owners The owners are very important in McDonalds‚ because they’re the people that invest in the business and make sure that it runs smoothly to be able to give a good service and provide
Premium Fast food restaurant Employment Burger King
Part B – Macroeconomics Question 10: a) Which of the following are final goods and services and which are intermediate goods and services? Please explain why in your answer. i) A windscreen purchased by a motor vehicle spare parts supplier; Intermediate goods – by national accounts (GDP) windscreen primary production value has already been accounted. It is being resold at a deflated value as second hand goods. ii) A new bulldozer to be used by a construction
Premium Inflation Gross domestic product Central bank
to make sure that business is operating properly. One legal structure of Tesco is the ‘Corporate governance’‚ the people in this sector deal with shareholders; they do this to make sure Tesco is achieving the strategies that the shareholders want them to achieve. For the community the company has responsibilities to make sure that it reduces using carbon footprints this means the business doesn’t produce a huge amount of carbon dioxide. The Legal Services deal with any business legal matter that
Premium Charitable organization Customer Good
The business environment In this assignment I will describe the type of business‚ purpose and ownership of two contrasting businesses. NHS The NHS is a public organisation‚ owned by the government to help people with health care‚ injuries‚ infection‚ disease etc. The NHS are a health care system/organisation put together to help the residents living in the U.K. They are owned by the government and the government fund them with equipment‚ facilities‚ staff etc. Also‚ the NHS doesn’t charge us
Premium Health care Fish and chips Tertiary sector of the economy
n uc at io Ed fro m Pe ar so n Chapter 1 What is tort law? er m iss io n Key points In this chapter we will be looking at: ✦ What a tort is ✦ What kinds of activity tort law covers ✦ How torts compare to crimes and ✦ Some practical issues in tort law ✦ Tort and fault ✦ The relationship between tort law and human rights law ✦ The way the tort system operates in personal injury cases pr io rp breaches of contract ✦ How tort law is made wi th ou t Introduction Pr oo f s:
Premium Tort
10-point questions on it from the questions below. List 2 data sources researchers use to estimate historical standards of living and explain what they can infer from these sources. List three indicators of economic development other than National Income measures (NI‚ GDP‚ or GNP‚ level‚ growth rate‚ or per capita) that are of interest to economists and explain what can be inferred from each of these indicators. i. Life expectancy at birth. Unambiguous measure of welfare ii. 4. heights and skeletal
Premium Roman Empire Economics
EYMP 1 Task 1. Context and principles for early years provisions. The Early Years Foundation Stage was brought into force in September 2008 by orders and regulations which come under section 39 of the Childcare Act 2006. All of the early years providers are required to use the EYFS to ensure a flexible approach to children’s care‚ learning and development that enables young children to achieve the five Every Child Matters (ECM) outcomes. These 5 outcomes are staying safe‚ being healthy‚ enjoying
Premium Developmental psychology Reggio Emilia approach Play
Name of Tutor : Mr. Chai Ming Perng Name Student ID 1 Lynie Liew Tyng Huey 14WBD05482 2 Gan Hin Hun 14WBD03034 3 Kong Boon Kee 14WBD03958 4 Hew Zee Ching 12WBD05302 5 Choo Ke Xin 14WBD02061 6 Kuan Chun Loong 14WBD04522 Coursework Report TOPIC: Financial Ratio Analysis Section A (i) CALCULATION OF FINANCIAL RATIOS Financial Ratios Actual 30 June 2015 Forecast 30 June 2016 (a) Operating Profit Margin (b) Interest cover (c) Inventory days (d) Receivable days (e) Payable
Premium Financial ratios Generally Accepted Accounting Principles Accounts receivable