Marketing :: essays research papers

1. A. An economic system is a nations system for allocating its resources among its citizens. Economic systems differ in terms of who owns or assures the four base factors of production labor, capital, entrepreneurs, and natural resources. In planned economies, the government all or most factors. In market economies, which atomic number 18 based on the principles of capitalism, individuals control the factors of production. Most countries today have mixed market economies that are dominate by one of these systems but include elements of the other. The process of privatization is an important centre by which many of the worlds planned economies are wretched toward mixed market systems. 2. A. The most common forms of business ownership are the sole proprietorship, the partnership, the cooperative, and the regular corporation. Each form has several advantages and disadvantages. The form nether which a business chooses to organize is crucial because it affects both long-term sch eme and day-to-day decision making. In addition to advantages and disadvantages, entrepreneurs must consider their preferences and long requirements3. B. The difference forms of competition advantage are critical to foreign business. With an irresponsible advantage, a country engages in international make out because it can gravel a product more efficiently than any other nation. that more often, countries trade because they enjoy comparative advantages They can produce about items more efficiently than they produce other items. The import-export balance including the balance of trade and the balance of payments, and exchange rate differences in national currencies affect the international economic environment and are important element of international business.4. A. brotherly responsibility refers to an organizations response to tender ineluctably. Until the second half of the nineteenth century, because business often paid little attention to these needs. Since thus ho wever both overt pressure and government regulation particularly as a result of the great depression of the 1930s and the social activism of the 1960s and the 1970s have forced business to consider the public welfare at least to some degree. A trend toward change magnitude social consciousness, including a heightened sense of environment activism has recently emerged.5. A centering is the process of planning, organizing, directing, and controlling an organizations financial, physical, human and information resources to succeed the organizations goal. Planning means determining what the company needs to do and how go around to get to get it done. Organizing means determining how best to arrange a businesss resources and the necessary jobs into an overall structure.