global economy
The global economy is shaped by various factors including trade balances, types of businesses, and ethical considerations. Trade balance, defined by the difference between a country'
Megnyitás
global economy Imports: bring goods into a country that were made in another country Exports: to send goods to another country for sale Functions of busniess finance: the busniess of money managment Accounting: maintaing and checkig record Managment:is the process of acheving company goals by,planning organzing and leading Marketing :The process of planning ,promoting and selling goods and services . Marketing :The process of planning,promoting and selling goods and services . Procurment:re-selling of goods that have already been produced Production:creating goods and services Free trade: an economic policy that determines which companies trade with each other Embargo:is a ban on the import or expire of a product quota:is a limit placed on the quantities of a product that can be imported. tariff: is a tax placed on imports to increase the price Balance of trade: The difference in value between a country's imports and exports Comparative advantage: is the ability of a country
to produce a particular good more efficiently than anothercountry Trade surplus: When a country exports
more products then it imports Trade deficit:when a country imports more
than it exports code of ethics: a set of guide lines for maintiang ethics in a work place Fair trade:a arrangment designed help producers in developing countries achieve sustanablie trade relationships passes the code of ethics Sweatshops:a factory or workshop where wokers are paid very low wages and are working unsafe conditions does not pass the code of ethics type of businesses corporation:a busniess that is owned by share holders partnerships:A busniess owned by two people who share risks and rewards. sole propitorship:A busniess owned by one person multinational corporation: a company that does business in many countries around the world Globalization: the exchange of goods and services between nations.
