Why do firms differ - Study guides, Class notes & Summaries

In the long run, what costs do firms have to pay? correct answers Variable Costs (no fixed costs) If you're incurring losses in the long run, will you live immediately or stay? Why correct answers Leave Immediately bc there are no fixed costs to recuperate What are the different types of monopolies? correct answers 1. Closed Monopoly 2. Natural Monopoly 3. Open Monopoly (don't think of it like this) What is a closed monopoly? correct answers Occurs because there are barriers to entr...

Test Bank for International Business 17th Edition by by John Daniels, Lee Radebaugh and Daniel Sullivan. All Chapters 1-20 | Newest Version 2024 || A+ International Business, 17e (Daniels) Chapter 1 Globalization and International Business 1) In terms of international business, it is most accurate to say that _. A) there is a universal "best way" to conduct business B) global competition affects large companies but not small ones C) most firms depend either on foreign markets and supplie...

BMAL-590 Global Dimensions of Business Master With Complete Solution 2024

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

1. What is information technology and why is it important? Suggest three fictitious headlines that might be added to Figure 1-1 on page 2. Information technology (IT) is a combination of hardware and software products and services that companies use to manage, access, communicate, and share information. Your students should be able to suggest many interesting headlines. You might want to hold a class contest and reward the most creative headline writers. (Pages 2, 4) 2. Why would a systems ana...

Resource Question and answers already passed 2024/2025 Resource-Based View RBV's Makadok Research Questions - correct answer How do firms behave? -- Firms behave in a manner to preserve and strengthen internal resources to create sustained competitive advantage Why do firms differ in their resources or performance? -- Barney specifies the conditions under which firm resources can be a source of sustained competitive advantage for a firm and outlines a framework (VRIN) for determinin...

International Business Chapter 6 Latest Version 100% Pass What is international trade? Why does it occur? International trade is trade between residents of two countries. The residents may be individuals, firms, not-for-profit organizations, or other forms of associations. Occur because both parties believe they benefit from the voluntary exchange. How do the theories of absolute advantage and comparative advantage differ? Absolute advantage: suggest that a country should exp...

What are the main services offered by financial institutions? - Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions What is the main objective of personal financial goals? - To maximize individual utility Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds? - Making financing decisions Why is understanding the definition of finance important in managing personal finan...

WGU - C211 Global Economics for Managers:Exam questions with 100% correct answers Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? - ANSWERS 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 Dire...