Arizona School Of Real Estate And Business

A perfectly competitive firm chooses its price to maximize profits. sets its price to undercut other firms selling similar products. takes its price as given by market conditions. picks the price that yields the largest market share. takes its price as given by market conditions. A competitive firm maximizes profit by choosing the quantity at which average total cost is at its minimum. marginal cost equals the price. average total cost equals the price. marginal cost equals a...

Regulatory pillar The coercive power of governments (laws, regs, rules) Normative pillar Values, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar The internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution One that include laws, regulations and rules Informal institution One that includes norms, cultures and ethics What core propositions lie at the roo...

Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of Market-seeking Strategic goal - Abundance of strong market demand...

Base of the Pyramid Economies where people make less that $2,000 per capita per year BRIC Brazil, Russia, India, China Emerging Economies A term that has gradually replaced the term "developing countries" since the 1990s Emerging Markets A term that is often used interchangeably with "emerging economies" Expatriate manager A manager who works abroad Foreign Direct Investment Investment in, controlling and managing value-added activities in other count...

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist evolutionary view that claims globalization is swinging from one extreme to another from time to time pendulum investment in, controlling, and managing value-added activities in other co...

which view claims that the phenomenon of globalization was initially driven by the Western economies to exploit their Powers through Multinational Enterprises "New" force view economic gaines from international trade because one countries exported Goods, services or other items are unique, valuable and difficult to duplicate to the important countries. which view does this statement portray? resource-based View what is the aggregation of importing and exporting that leads to th...

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? The new-force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries Resource-based view What is the aggregation of importing and exporting that leads to the country-level trade su...

Globalization The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. Gross Nationa...

Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since the dawn of human history. What is Foreign Direct Investment? Investment in controlling and managing value-added activities in other countries...

Globalization Is the close integration of countries and peoples of the world which has been brought about by the enormous reduction of the cost of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders. New view of Globalization A new force sweeping through the world in recent times that it is a new phenomenon beginning in the late 20th century, driven by recent te...