1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
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Are multination corporations such as Wal-Mart helpful or harmful to the global economy? To a lesser extent‚ multinational corporation such as Wal-Mart are harmful to the global economy. Multinational corporation is a corporation or company that is registered in more than one country or that has operations in two or more countries. Global economy generally refers to the economy‚ which is based on economies of all of the world’s countries’ national economies. Also‚ global economy can be seen as the
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17 (2008)‚ 2‚ 247-263 Original Scientific Article – UDC – 616.89-008.441.42 159.015.7 Evolutionary Explanations of Eating Disorders Igor Kardum‚ Asmir Gračanin‚ Jasna Hudek-Knežević University of Rijeka‚ Faculty of Arts and Sciences Department of Psychology Abstract This article reviews several most important evolutionary mechanisms that underlie eating disorders. The first part clarifies evolutionary foundations of mental disorders and various mechanisms leading to their development. In
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Multinational companies are giant firms with their origin in one country‚ but their operations extending beyond the boundaries of that nation. For reasons of marketing‚ financial and technological superiority‚ these multinationals are generally considered as a sine qua non of the modernisation of an economy. They have been responsible for the rapid economic liberalisation in India in 1991‚ the question of the entry of multinational corporations (MNCs) has assumed significance. Multinationals
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Sexual orientation | Mobile phone OS allegiances | | Sexual orientation | | | Prohibitions on torture | 3 BRANCHES OF ETHICS Normative Ethics * What decides what’s the right thing to do * Concerns itself which moral theory to endorse‚ wherein these theories help dictate what is the right thing to do * The big three: Virtue‚ consequentialism‚ Deontology * What determines our ‘moral oughts’ Applied Ethics * What’s the right thing to do with respect to specific cases?
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not going up ‚ the business would still have revenue and support from another sources. The article expands the topic more by adding a third motivation‚ making your business more competitive. By entering in the global market a company will gain knowledge about different sales strategies‚ such as improving customer service and product quality. By learning how to compete against international companies‚ management can definitely increase the potential for growth and expansion. By going global
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Theoretical Knowledge: The candidate’s trustworthy personality and her psychiatric experience together with good knowledge of various Jungian theories make her understand her patients on several levels. Demonstrates a thorough knowledge of psychiatric classification‚ including multiaxial diagnoses and relevant diagnostic criteria to develop an accurate diagnostic formulation autonomously. Uses supervision well in more complicated cases involving multiple or more unusual diagnoses. Demonstrates motivation
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CHAPTER 2 THE EVOLUTIONARY DEVELOPMENT OF ENTREPRENEURSHIP CHAPTER OUTLINE I. The Evolution of Entrepreneurship II. The Myths of Entrepreneurship A. Entrepreneurs are doers‚ not thinkers. B. Entrepreneurs are born‚ not made. C. Entrepreneurs are always inventors. D. Entrepreneurs are academic and social misfits. E. Entrepreneurs must fit the “profile.” F. All you need is money to be an entrepreneur. G. All you need is luck to be an entrepreneur. H. Ignorance is
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CAPITAL BUDGETING FOR MULTINATIONALS 13.1 INTRODUCTION Although the original decision to undertake an investment in a particular foreign country may be the outcome of combination of strategic‚ behavioural and economic considerations‚ choice of a specific project within a particular product-market posture calls for evaluation of its economic feasibility. For this purpose‚ capital budgeting exercise has to be done. A firm should deploy funds in a project if the marginal revenue obtained there from
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of the managerial characteristics of a Born Global firm? How are distinguishable from those of a traditional firm that seek to expand with a more traditional evolutionary process? The Born Global firm phenomenon refers to those special firms that adopt an international approach right from their birth The general characteristics of Born Global firms differentiate themselves from other multinationals in their growth stages. Born Global firms typically operate in a narrowly defined market niche
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