bus508_w2_c4

bus508_w2_c4 - The Business Enterprise BUS 508 Economic...

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The Business Enterprise BUS 508 Economic Challenges Facing Contemporary Business Kurtz, D. (2010 Update). Contemporary business: 2011 custom edition (13 th ed. ). Hoboken, NJ: John Wiley & Sons.
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Objectives Upon completion of this lesson, you will be able to: Analyze the factors that drive supply and demand, different types of market structures in a free enterprise system, and factor of stability in a nation’s economy Formulate competitive market entry strategies based on analysis of global markets
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Why Nations Trade Boosts economic growth Expand markets Seek growth opportunities in other nations Make production and distribution systems more efficient Reduce dependence on economies of home nations
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Factors of Production Labor Natural resources Capital Entrepreneurship
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Size of the International Marketplace 1/5 people lives in well-developed country People alone are not enough to create a market Consumer demand requires purchasing power Many developing countries have posted high GDP
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bus508_w2_c4 - The Business Enterprise BUS 508 Economic...

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