1. Distinguish between an absolute advantage and a comparative advantage. Cite an example of a country that has an absolute advantage and one with a comparative advantage. Absolute advantage is when a monopoly exists in a country when it is the only source and product of an item. Meanwhile‚ a comparative advantage is when a country can supply products more efficiently and at a lower cost than it can produce other items. South Africa has an absolute advantage because of its diamonds. The United States
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Chapter 1 1. The differences among multidomestic‚ global‚ and international companies are as follow: The multidomestic is an organization with multicountry affiliates. It formulates its own business strategy based on perceived market differences. It adapts to the local market in the country they are in. However‚ a global company is an organization that attempts to standardize and integrate operations worldwide in most or all functional areas. The advantage it has is cost savings. On the other
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CHAPTER 1 THE PROBLEM AND ITS SCOPE 1.1 Introduction Laundry business is a strong and energetic business‚ its only biggest threat is the competition. Laundry shops are easily managed through the use of new high technologies. Take note of the service‚ it comprises of the use of detergent soaps to be used for the clothes‚ the water consumption‚ space to be saved by the costumers especially students who are living in a boarding houses and apartments in hanging their clothes to dry and the time that
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Chapter 1: Introduction to Management and Organizations A Manager is: Someone who works with and through other people by coordinating and integrating their work activities in order to accomplish organizational goals. Classifying Managers by Levels First-line Managers: Are at the lowest level of managers and manage the work of non-managerial employees. They supervise and coordinate the activities of operating employees. Middle Managers: Large group of managers in organizations who are primarily
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Chapter 1: Introduction Introduction Sales and Inventory System is designed for a business that desires that desires a control over stock levels and inventory tracking. This system can be used either as simple inventory control system or a complete manufacturing solution. In today’s generation. We are engaged in highly computerized technology aiming to enhance individual lifestyle and most especially in the world of business. A collection of components that work together to realize some
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Macroeconomics | Assignment 1: Demand Illustration | Market Subject- Blueberries Cultivated/ Produced | Price Per Pound ($) | Quantity Demanded Per Year (lbs) | $5.10 | 2 | $4.60 | 3 | $4.10 | 4 | $3.60 | 5 | $3.10 | 6 | Personal Demand: Market Demand: Price Per Pound ($) | Quantity Demanded Per Year(lbs) | $5.10 | 170‚000‚000 | $4.60 | 180‚000‚000 | $4.10 | 190‚000‚000 | $3.60 | 200‚000‚000 | $3.10 | 210‚000‚000 | Increase in Demand: Price Per Pound ($) |
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Chapter 1 THE PROBLEM AND ITS SETTING Introduction Nikola Tesla‚ Sir Albert Einstein‚ former Republic of the Philippines President Ferdinand Marcos‚ and Dr. Jose Rizal‚ they all have one thing in common – a nanay-teacher. The nanay-teacher was a house bill (HB No. 5243) first introduced by Hon. Sherwin Gatchalian‚ a Congressman in Valenzuela City. This act was intended to strengthen the role of parents as partners of the government in educating children. Most Filipino students have their mothers
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Chapter 1 INTRODUCTION Situational Analysis Nowadays‚ technology is widely recognized as an integral part in industries. Organizations‚ government agencies‚ and other establishments today are advancing rapidly by combining with technology‚ which is also briskly advancing‚ to further improve the means of gaining progress. The use of computer technology gives industries an opening to many doors of opportunities of creating a quality impact to its progress. As technological advancement emerged
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CHAPTER 1 AN OVERVIEW OF FINANCIAL MANAGEMENT General Directions: Encircle the letter of the correct answer on the space provided for. 1. The primary goal of a publicly owned corporation is to ________. a. maximize dividends per share b. maximize shareholder wealth c. maximize earnings per share after taxes d. minimize shareholder risk 2. A financial manager is considering two projects‚ A and B. A is expected to add P5 million to profits this year while B is expected
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Management Information System Case Study – chapter 3 1. What competitive forces have challenged the movie industry? What problems have these forces created? What changes have these problems caused the movie and televisions studios to make? The internet is the driving force in the technological revolution of the 20th century. There are no limitations and the future trends for this technology are infinite. These forces have brought many problems to owner of copyrights‚ because of downloading
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