SOM 122 Study Guide - Midterm Guide: Synchronicity, Problem Solving, Opportunity Cost

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Must meet legal and regulatory requirements, which may limit foreign ownership. Trade: bootstrapping an entrepreneur starts a company with little, business. An individual is said to be boot strapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company. The way a business sets itself up to deliver and capture value. A tool that breaks apart the business model into nine important components. Pre-cursor to writing a business plan: business. Profit: capital the financial resources needed to operate a business, caring, carroll"s. *believed that profits will increase if firm focuses on all components: central bank. How we reach and deliver our value proposition to our customers. International trade occurs when a firm exports goods or services to consumers in other countries. Foreign direct investment occurs when a firm invests resources in business activities outside its home country.