M – Commerce and Trends for 2010
It wasn’t not long ago online shopping joined the history. Now, the mobile revolution promises to repeat the same with the..
Tag Archives
Introduction to National Income
National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the..
Theories of Economic Development
ROSTOW’S STAGES OF ECONOMIC GROWTH This was provided in 1960 by W. Rostow and he identified five different economic stages for a country...
Outsourcing
Outsourcing refers to contracting non core activities of on organization to a third party while keep focused on core activities of the..
Business Objectives
Most of the ordinary people would say businesses’ main aim is to make profit. True enough, but this may not be the case; profit is..
Protectionism and Tariffs
Protectionism means the government interference in trade markets to protect specific industries in the economy. There are three main reason..
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...
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..