Decisions & Systems
Things that are required in order to live
Needs
The total value of all goods and services produced by a country in a given year
GDP
(Gross Domestic Product)
An increase in the general price level
Inflation
The characteristic to which Ray Kroc attributed his success
Persistence
Goods and services sold to another country
Exports
Products you can purchase to meet your wants and needs
Goods
The salaries and wages as well as investment income and government payments to individuals
Personal income
Depression
The business in which Harry Sonneborn suggested Ray Kroc actually was
Real Estate
The value of currency in one country compared with the value in another
Exchange rate
The value of the next best alternative that you were not able to choose
Opportunity Cost
This occurs when a government spends more than it takes in
Budget deficit
A number that compares prices in one year with prices in some earlier base year
Price index
The percent of the population McDonald's feeds each day
1%
A nation's transportation, communication, and utility systems
Infrastructure
The products and money used in the production of goods and services
Capital resources
This represents debt for an organization
A bond
People gaining employment and consumers regaining confidence may result in this
Recovery
Des Plaines, IL
Tariffs
An economy in which resources are owned and controlled by the government
Command economy
Expanded production technology would likely result in an increase of this
Productivity
Inflation is most harmful to people living on this
Fixed incomes
The percent of profit Ray Kroc would make from each franchise
1.4%
(1.9% - 0.5%)
Language, Religion, and Customs are examples of these factors which affect the international business environment
Cultural factors