An economy owns factors of production which are used in production process. Factors of production are also known as inputs of the production process. Level of …
Licensing Through licensing, a firm (licensor) grants a foreign entity (licensee) some type of intangible rights, which could be rights to process, a patent, a …
Barter economy is where goods are exchanged for goods rather than using money to perform transactions. Barter economy existed in the past where there were no …
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 model. These are the …
Goods and services aims at fulfilling customer needs. Examples of goods are books, foods, clothes and so on. Examples for services would be hair dressing, …
A firm needs to identify its potential market, locate adequate and available sources of supplies of raw materials and labor, raise initial amount of capital, …
During its early stages, international business was conducted in the form of enterprises that were owned singly or in partnerships. As the size of …
In it’s purest definition, international business is described as any business activity that crosses national boundaries. The entities involved in business …
Present Value of an ordinary annuity (Monthly/Annual investments are made to recover a large some of money at the end of n number of periods) can be found …
Needs are basic physical and mental conditions of a human that need to be satisfied using a product or a services. In other hand wants can be defined as ways …