Lower level and supervisory level management require more technical skills. Technical skills are the ability to perform very
specific tasks for a business. These are technical skills such as a programming supervisor, a scheduling manager, or a first-line
Contract manufacturing refers to the outsourcing of the production of a good or service to a foreign producer. Contract
manufacturers will private-label goods for other companies generally because of cheap labor and the proximity of resources. The
The legal and economic environment can either increase the risk (too many laws may restrict trade; increasing taxes may act as a
disincentive for starting a business), or decrease the risk (the ability to successfully find capital; laws that permit compet
A vertical merger is the joining of two firms at different stages of related businesses.
One of the key advantages of a franchise is:
getting to keep all the profits of your business after taxes.
fewer restrictions on selling than in other forms of busine
Fiscal policy refers to the federal governments efforts to keep the economy stable by increasing or decreasing taxes. Increasing
taxes draws money away from the private sector and puts it in the hands of the government.
The foundation of the U.S. economic
Among the changes resulting from increased global trade are:
less global competition as companies set up manufacturing systems in foreign countries.
less need for efficient distribution systems.
improved living standards around the world.
less need for em
1. Based on the total points in the course, I will need _ points to earn an "A" in this class?
2. I only need to log into my Online Learning Environment at least once a week.
falsetwice a week
3. The Final Exam will be available during the f