dumping
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- charging less than the actual cost or less than the home-country price for
goods sold in other countries
successful global leaders recognize what?
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- they recognize and respect differences among cultures
monopoly
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- a situation in which one company dominates a market to the degree that it
can control prices
- can essentially cut out other competitors
- buyers have no choice other than to buy from the one company
oligopoly
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- a market situation in which a very small number of suppliers, sometimes
only two, provide a particular good or service
- customers have some choice but not as many choices as in a
monopolistic competition
- individual firms can have considerable control over pricing
socialism
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- economic system characterized by public ownership and operation of
key industries combined with private ownership and operation of less-vital
industries
- lies somewhere between capitalism and communism with a fairly high
degree of government planning and some government ownership of
capital resources (tends to be focused on industries considered to be vital
to common welfare)
FERC
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- Federal Energy Regulatory Commission
- regulates rates and sales of electric power and natural gas
Asia-Pacific Economic Cooperation (APEC)
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- an organization of 21 countries working to liberalize trade in the pacific
rim
- has a long-term goal of liberalizing and simplifying trade and investment
among member countries and helping the region as a whole achieve
sustainable economic growth
- member nations represent 40% of the world's population and more than
50% of the world's GDP
structural unemployment
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- a mismatch between workers skills and current employers needs
- workers can't find jobs that match their qualifications, and employers can't
find employees with the skills their job openings require
- a never-ending concern as changes in the external environments of
business make some skills obsolete and create demand for new skills
goods-producing businesses
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, - create value by making things most of which are tangible
- tend to be capital intensive
free market system
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- an economic system in which decisions about what to produce and in
what quantities are decided by the market's buyers and sellers
- businesses have the chance to succeed or fail by their own efforts
- little to no government control
- based on capitalism
manufacturing, production, or operations (operations managers)
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- an area where the company makes whatever it makes (for goods-
producing businesses) or does whatever it does (for service businesses)
- responsible for purchasing, logistics, facilities management
privatization
Give this one a try later!
- turning over services once performed by the government and allowing
private businesses to perform them instead
Give this one a try later!
- charging less than the actual cost or less than the home-country price for
goods sold in other countries
successful global leaders recognize what?
Give this one a try later!
- they recognize and respect differences among cultures
monopoly
,Give this one a try later!
- a situation in which one company dominates a market to the degree that it
can control prices
- can essentially cut out other competitors
- buyers have no choice other than to buy from the one company
oligopoly
Give this one a try later!
- a market situation in which a very small number of suppliers, sometimes
only two, provide a particular good or service
- customers have some choice but not as many choices as in a
monopolistic competition
- individual firms can have considerable control over pricing
socialism
Give this one a try later!
- economic system characterized by public ownership and operation of
key industries combined with private ownership and operation of less-vital
industries
- lies somewhere between capitalism and communism with a fairly high
degree of government planning and some government ownership of
capital resources (tends to be focused on industries considered to be vital
to common welfare)
FERC
,Give this one a try later!
- Federal Energy Regulatory Commission
- regulates rates and sales of electric power and natural gas
Asia-Pacific Economic Cooperation (APEC)
Give this one a try later!
- an organization of 21 countries working to liberalize trade in the pacific
rim
- has a long-term goal of liberalizing and simplifying trade and investment
among member countries and helping the region as a whole achieve
sustainable economic growth
- member nations represent 40% of the world's population and more than
50% of the world's GDP
structural unemployment
Give this one a try later!
- a mismatch between workers skills and current employers needs
- workers can't find jobs that match their qualifications, and employers can't
find employees with the skills their job openings require
- a never-ending concern as changes in the external environments of
business make some skills obsolete and create demand for new skills
goods-producing businesses
Give this one a try later!
, - create value by making things most of which are tangible
- tend to be capital intensive
free market system
Give this one a try later!
- an economic system in which decisions about what to produce and in
what quantities are decided by the market's buyers and sellers
- businesses have the chance to succeed or fail by their own efforts
- little to no government control
- based on capitalism
manufacturing, production, or operations (operations managers)
Give this one a try later!
- an area where the company makes whatever it makes (for goods-
producing businesses) or does whatever it does (for service businesses)
- responsible for purchasing, logistics, facilities management
privatization
Give this one a try later!
- turning over services once performed by the government and allowing
private businesses to perform them instead
