Macroeconomics Principles: Chapters 7-12
Chapter 7: Business Cycles and Unemployment
Business Cycle
The business cycle consists of four phases: expansion, peak, recession (contraction), and trough.
Unemployment Rate
The unemployment rate is calculated as the number of unemployed individuals divided by the number of individuals in the labor force. It’s important to note that this calculation does not include discouraged workers or those working in the underground economy.
Labor Force Requirements
Important: Discouraged workers are not included
Read MoreA Comprehensive Guide to Marketing Strategies and Administrative Functions
Merchandise
Types of Merchandise
- Of Consumption: Directly satisfy a need and do not require further processing.
- Middle: Used for the manufacture of other goods. Do not directly meet needs. Are transformed and become part of another good.
- Of Capital: Used for producing other goods, without losing their original status.
Services
Actions or activities that generate intangible products or are not appreciated at a glance.
Marketing Strategy
Tools the company uses to:
- Reach consumers
- Grasp as a client
- Secure long-
Navigating Global Supply Chain Management: Strategies, Challenges, and Optimization
Chapter 11: Global Dimensions of Supply Chain Management
Going Global: Strategies and Considerations
Expanding business operations internationally presents both opportunities and challenges. Here are some common strategies for going global:
- Exporting: Manufacturing products domestically and selling them abroad.
- Licensing: Granting another organization the right to manufacture or sell products using a company’s technology or product specifications.
- Franchising: Granting another organization the right
Roles of a Social Worker in Community Development
Key Roles and Responsibilities
Educator
The social worker empowers community members with the necessary skills and abilities to solve their own problems and difficulties.
Coordinator
The social worker coordinates activities within the community and collaborates with other professionals and technicians.
Advisor/Consultant
The social worker guides community leaders and members in finding solutions to social needs and utilizing available resources.
Planner
The social worker develops plans, projects, and programs
Read MoreUnderstanding Quality: A Comprehensive Guide to its History, Concepts, and Dimensions
History of Quality
The pursuit of quality has been a constant throughout history, driven by factors like competition, prizes, and fashion. These factors have led to significant changes in how we perceive and achieve quality.
The desire to enhance competitiveness and maximize profits has made quality a focal point. Prizes are awarded to those who meet specific standards, pushing industries to strive for excellence. The fear of losing customers who value these awards further fuels the emphasis on quality.
Read MoreInvestment and Financing Strategies for Business Success
Investment and Financing
Investing and Financing Defined
Investing is the process of allocating financial resources to acquire, renovate, or improve assets like property and equipment. The goal is to enhance the productive or commercial activities of a company. Financing, on the other hand, involves obtaining the necessary financial resources to cover business expenses.
Budgeting
A budget is a numerical plan that outlines how resources will be allocated to specific activities. When making investment
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