Recent Trends in Operations Management
The operations management is the process of managing activities that produces goods and services in order to create value to the customer...
Business
Direct Investments and Multinational Corporations
A firm directly invests within foreign shores involves with capital, personnel and assets beyond domestic borders. The firm is responsible..
Factors of Production
An economy owns factors of production which are used in production process. Factors of production are also known as inputs of the..
Licensing and Franchising
Licensing Through licensing, a firm (licensor) grants a foreign entity (licensee) some type of intangible rights, which could be rights to..
Barter Economy
Barter economy is where goods are exchanged for goods rather than using money to perform transactions. Barter economy existed in the past..
Economic Models and Production Possibilities Frontier
The expression of a model can be in the form of words, diagrams, or mathematical equations, depending on the audience and the point of the..
Goods vs Services
Goods and services aims at fulfilling customer needs. Examples of goods are books, foods, clothes and so on. Examples for services would..
Domestic versus International Business
A firm needs to identify its potential market, locate adequate and available sources of supplies of raw materials and labor, raise initial..
The Multinational Corporations
During its early stages, international business was conducted in the form of enterprises that were owned singly or in partnerships. As the..
What is International Business?
In it’s purest definition, international business is described as any business activity that crosses national boundaries. The entities..