bmgt studyguide - 19:56 a

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19:56 Customers put importance on high quality lower prices Home health care businesses are likely to be opportunities in the future because  the population is aging Flextime- good for people with children ppl 9 to 5 Global competition means that continuous learning will be needed in the future to  adapt to rapid changes. Job loss in specific industries: Workers lost these jobs because worker  productivity in the sector increased  Follower of Malthus-Allowing people to follow their self-interest is the best way to  generate economic growth and prosperity  The government is likely to  reduce taxes and cut back on some social programs  has kept taxes low, done little to regulate business activities, and implemented  only modest social programs -a predominately capitalist approach toward  achieving economic goals, but the current pressures it faces suggest it is likely to  adopt a more socialist approach in the future The Fed manages the U.S. money supply and interest rates  Licensing is when Pepsi Cola has entered into a long-term contract with a South  African beverage business. The contract calls for the South African firm to  produce and market Pepsi Cola in South Africa. Pepsi will receive a royalty on  each case of soda sold.  
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Mercantilism theory advocates that a nation should try to sell more goods to other  nations than it buys from them  nontariff barrier would require the foreign companies that sell butter in Denmark  to sell it in cubes, not tubs, in Denmark -a.Establishment of restrictive quality  standards requiring foreign firms to make expensive modifications in their  products before they can be sold in Catanio.  Not the desired approach to have to have government enforce  laws businesses  should want to do it on their own A situation where you must choose between equally unsatisfactory alternatives  refers to an ethical dilemma  A characteristic of an effective ethics officer would be a capacity to serve as a  counselor and an investigator a.The decision of Phillips-Van Heusen to cancel orders from suppliers that violate  it’s ethical code indicates that U.S. businesses are demanding socially  responsible behavior from their international suppliers  Stock is no longer sold to investors on the open market when a firm is taken  private  a.A major drawback of a partnership is that it is difficult to terminate  Members/customers democratically control their businesses by electing a board  of directors in a cooperative Entrepreneurial team is a group of experienced people from different areas of a 
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