Competitive Advantage
Sets you apart from your competition
What is competitive advantage?
An increase in the general price level of goods and services
What is inflation?
What is NAFTA?
The transition Russia and China has
What is communist to democratic?
When commerce transitions fom private to state ownership
What is nationalization?
The two types of structure of cost
What is variable and fixed?
31.4 trillion dollars
What is the USA's national debt?
7-25-50
What is population - public wealth - public expenses for EU?
Political pressure
What is why did Russia transition?
When more costs go to labor, example: construction
What is labor intensive?
Sharing investments and costs across multiple porducts, markets, ad businesses
What is economy of scope?
1 euro to $1.07
What is an example of exchange rate?
Falling frieght costs, creation of global labor force, porous borders etc.
What are drivers of globalization?
High inflation, low living standards, and rise in unemployment
What are effects of democratic transition in Russia?
Types: country specific, company specified, transfer risk, operational risk
What is types of political risk?
Ibon travels to a different country and brings back different management styles along with new experiences
What is an example of national difference?
Value of goods within the countrys border vs value produced by the countrys citizens
What is GDP vs GNP?
Coordinated social and political policy
What is a political union?
Integrating democratic economic policies through phases spread out over time
What is why China was more successful than Russia?
the cost of hours worked by all employees, plus payroll taxes and benefits
Decrease of the fixed cost per product
What happens when a company achieves economy of scale?
During deflation, these typically go down
What is interest rates?
The USA is this type of trade bloc
What is free trade area?
Russian and Chinese citizens accustomed to their communist culture and history
What is Culturist Theory of Democratic Transition?
An employee files a grievance report with his or her employer alleging that the employer has violated terms in the employment agreement.This is an example of
What is arbitration?