Economic collapse

Q1- " It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner......." By using this quote Adam Smith refers to coincidence of interests . Adam smith writes that every individual tries to extract the greatest revenue he can from the society . He only cares about himself and only himself . He does not have an intention to promote the interest of society. However despite intending his own gain ,often he is le b invisible hand to promote the interest of…

2. The market entry strategies employed by IKEA in China and Japan are as follows: A market entry strategy is said to be the planned means of delivery of goods and services to a target market (Vineet 2013). Several market entry strategy are being employed by business entities and the include Joint venture, Exportation, franchising, Licensing, Outsourcing, and producing products in the target market (Wikipedia1 n.d). a. Market entry strategy of China IKEA in its entry into the Chinese market…

Introduction Before discussing the benefits and drawbacks of free trade, I would like to explain the meaning of “free trade”. Free trade is a trade where countries carries out economic activities without restrictions or barrier such as import and export tariffs, barrier to market entry and policies. There are several main features of free trade.These main features are the benefits of free trade,as for me: Free movement of labour and capital among countries. Free movement of labour and…

There are several yield differences between the Islamic Sukuk and conventional bond. Firstly, the yield differences showed that the difference of conventional bonds suffer more risk due to the nature of receiving the high yield ratio than Sukuk. Conventional bonds generate two cash flows for investors. First, the face value of which is a fixed amount of funds that the bond issuer is obligated to pay to the bondholder when the bond matures. Second, the interest is a fixed amount of funds that the…

1. When a country is in stress, dictatorships tend to rise. When a country is in a crisis, it is more likely that dictatorship will be accepted. World War I and the events of the following years brought crisis in a variety of countries. This lead to the rise of Dictatorships. The two most brutal dictatorships after the First World War were Soviet Russia and Nazi Germany. Since Germany was in such chaos, they were willing to accept Nazi dictatorship. And the Great Depression also devastated their…

In 1962, Michael Friedman proposed a doctrine in which he states that a company whose goal is to increase profits (legally) has the only social responsibility of a company is to pass on the profits to its stakeholders. In other words, the company does not do justice to its stakeholders by utilizing part of their profits for supporting social welfare causes. Friedman points out stakeholders would not invest in a company from which they cannot the maximum benefits. [1] Over the years, this…

3.1 Introduction to entrepreneurship An entrepreneur has been defined as “individual who exploits market opportunity through technical and/or organizational innovation” (Schumpeter, 1965) and Entrepreneurship is “the process by which individuals pursue opportunities without regard to the resources they currently control” (Howard Stevenson,1983). Entrepreneurs perform the main functions of driving innovation, risk taking and management of resources. Entrepreneurs can be broadly categorized using…

being a developing country to being a middle-income country with an increasingly important role in the world’s economy. At the start, it suffered an unstable economy and currency for years until the 1990s when the government attempted to introduce economic reforms. Using trade, Brazil was able to attract foreign investors that in return helped with stabilizing the economy. Brazil also faces a great deal of inequality and poverty that is still an ongoing and growing issue. Up to the present…

Competitive advantage is are conditions that permit an organization or country to create a decent or administration at a lower cost or in a more alluring manner for customers. These conditions permit the beneficial element to create a larger number of offers or prevalent edges than its opposition. Upper hands are credited to an assortment of variables, including cost structure, mark, nature of item offerings, circulation network, licensed innovation and customer support. Access to new…

and satisfaction. At the same time, QSR can expand their franchising market which increase the number of application for franchising. This is a great long run plan and it can help in establishing a strong distributor network across the globe. Economic factors directly impacts the economy performance of an organization. For the threats among the QSR are the future and potential competition from a national company in the same industry. For example, Mcdonalds, KFC, Burger King and others fast…