STEN 1000 Chapter Notes - Chapter 3: Financial Regulation, Canadian Natural Resources, Government Debt
Document Summary
Bric countries (brazil, russia, india, china) anticipated to lead the way in the future. Purchasing power parity: the concept of ppp allows us to estimate what the exchange rate between two currencies would be based on buying household commodities instead of using currency exchange rates, a more accurate reflection of gdp. Tech companies in india given its well-educated and tech focused labour pool: manufacturing in china. 2: organizations facing increasingly competitive markets will seek the most efficient and cost-effective product/service delivery systems as a methodology for maintaining cost competitiveness and earning higher margins and profits. 3 base as a result of greater size, process standardization, or enhanced operational efficiencies. The role of the government: liquidity refers to the cash position of a company and its ability to meet its immediate debt and operational obligations. Ongoing commitment to international trade system: refers to the need for countries to commit and adhere to the trade policies and agreements overseen by the wto.