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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Authors: Vlad Malamud, Yevgeniy Rotenberg

Editor: Douglas Allen

Reviewers: Dean Murray Young (Thompson Rivers University, Canada) Timothy B Folta (Purdue University)

Contributing authors: Wesley Scott Cables, Ricardo Cubillos, Mike Davis, Vesselin Dotkov, Loiuse Doyle, Barbara Gabhauer, Glenna Gagliardi, Melissa Harrison Hiatt, Katie Holtmeier, Alisa Jeffrey, Alexia Jennings, TimPitner, Ashley Randall, Dag Johan Sundby, Nathalie Tryon, Jeffrey Wiant, Sarah Wilson

“Aga Kahn Agency for Microfinance.” 2008, available at http://www.akdn.org/akam_case.asp.

AON Global Risk Alert. “China Establishes a New Employment Contract Law for 2008.” AON, 2007, available at www.aon.com/about/publications/global_riskalert/gra_2007-oct-01.jsp

AON Group, Inc. “Political and Economic Risk Map.” Aon Global Corporate Marketing and Communications, 2007, available at http://www.aon.com//about/publications/pdf/issues/2007_P&E_Risk_Map.pdf.

“Assessing Globalization.” World Bank Briefing Papers, 2001, available at http://www1.worldbank.org/economicpolicy/globalization/issuesbriefs.html.

Bartlett, Christopher A., and Sumantra, Ghoshal, and Birkinshaw, Julian.”Transnational Management, Fourth Edition.” McGraw Hill: Irwin, 2004.

Beenhakker, Henri. “The Global Economy and International Financing.”

Quorum Books, 2001.

Berkhout, Tom. “Corporate Gains.” Alternatives Journal, 2005.

Bhagwati, Jagdish, Arvind Panagariya and T.N. Srinivasan. “The Muddles Over Outsourcing.” Journal of Economic Perspectives, Fall 2004, 93-114.

Bhagwati, Jagdish and T.N. Srinivasan. “Trade and Poverty in the Poor Countries.” American Economic Review Papers&Proceedings, May 2002.

Bradley, Frank. “International Marketing Strategy”. Prentice Hall, Toronto, Fifth Edition. 2005.

“Business Social Responsibility.” 2007, available at www.bsr.org.

Carrada-Bravo, Francisco. “Managing Global Finance in the Digital Economy.”

Praeger Publishers, 2002.

Carroll, Archie. “ A Three Dimensional Conceptual Model of Corporate Social Performance.” Academy of Management Review, 1979.

Carroll, Archie. “Corporate Social Responsibility: Will Industry Respond to Cut-Backs in Social Program Funding?” Vital Speeches of the Day, 49, 604-608,1983.

Collins, Jim. “Built to Last.” HarperBusiness: 1st Edition, October 26, 1994.

“Corporate Social Responsibility.” available at www.industryplayer.com.

Coyle, Brian. “Hedging Currency Exposure.” Glenlake Publishing, 2000.

Coyle, Brian. “Introduction to Currency Risk.” Glenlake Publishing, 2000.

“CSR Europe.” 2007, available at www.intranet.csreurope.org.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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