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The World Trade Organization (WTO)

Introduction The World Trade Organization (WTO) was founded in 1995 to promote free trade and economic progress by negotiating trade laws, resolving trade disputes, and providing a venue for negotiations. The WTO promotes worldwide trade and resolves trade disputes with 164 member countries. The US and China, the two most prominent WTO members, have had ... Read More
Pages: 3       Words: 765

User Privacy on the Digital Markets

Introduction Microeconomics is a vital concept when organizations and individuals decide on allocating resources at a smaller scale. It focuses on smaller units of the economy, such as a firm, an individual, an industry, or a family. Microeconomics is a branch of economics that deals with people’s interaction with the market, how they make decisions, ... Read More
Pages: 5       Words: 1255
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International Trade in Global Logistics Incorporating WTO

Generally, WTO has been a game changer in how the countries of the world engage in trade and logistical operations. Regarding global logistics, the trade organization has helped regulate the movement of goods between member countries. This means that the international trade organization is an important regulator of business and trade among its member countries. ... Read More
Pages: 5       Words: 1184

Us Fruits and Vegetable Importation From China

Introduction One area that has significantly contributed to the expansion of imports within the United States is through the importation of fruits and vegetables from China. Due to globalization requiring international trade engagements between nations, increased importation occurrences are inevitable. However, this article will focus on analyzing specific obstacles implicated in product imports from China, ... Read More
Pages: 6       Words: 1628

Individual Consultancy Project International Strategic Marketing

Executive Summary Тhis еxеcutivе summаry outlines thе reseаrch, аnаlysis аnd criticаl evаluаtion cоnducted by thе intеrnаtionаl strаtegic mаrketing сonsultаnt fоr Sаinsbury’s PLС tо dеtеrminе thе best сountry fоr thе сompаny tо еntеr fоr intеrnаtionаl expаnsiоn. Тhe сonsultаnt reсommended thаt Sаinsbury’s supermаrkets shоuld еntеr Portugаl, а сountry with аn estаblished economy аnd а growing retаil mаrket. ... Read More
Pages: 25       Words: 6756

Air Transport Safety; FAA, Icao, OSHA, and EPA

The field of aviation safety is regulated worldwide by several prominent agencies, including the Federal Aviation Administration (FAA), the International Civil Aviation Organization (ICAO), the Occupational Safety and Health Administration (OSHA), and the Environmental Protection Agency (EPA). Stakeholders must understand how these agencies regulate aviation safety and their role in enhancing safety (Federal Aviation Administration, 2023). ... Read More
Pages: 3       Words: 768

Role of Decision-Making in Economic Growth

Introduction In today’s economy, where everyone is always worried about themselves, some organizations work to uplift the global world economy. When it comes to those organizations working as a well-oiled machine, it all depends on the art of decision-making of the company or the organization’s leader. The leader, the C.E.O. of any company, is responsible ... Read More
Pages: 16       Words: 4290

Microeconomics: Monopolistic Competition

Monopolistic competition occurs when the related products or services may seem similar but are not perfect substitutes (Overby et al., 2021). It exists between perfect and monopoly competition by combining their elements, including similar services or products that are not identical. Some products and services of monopolistic competition include clothes, household items, hair salons, hamburgers ... Read More
Pages: 6       Words: 1509

Global Business Issues

Ways in which the Government Intervenes in the Economy Introduction Governments worldwide today have more interest in market intervention than in previous years. In the United Kingdom, the government has decided to help minimize the influence of the economic downturn and financial crisis on consumers, companies, and employees to assist in economic recovery and secure ... Read More
Pages: 10       Words: 2478

International Business Environment and Trade

Introduction Kitchenomatic is a startup company located in the United Kingdom. The company is dealing with products such as Automatic Kitchen Appliances and services like online and physical distribution globally. Kitchenomatic Company manufactures numerous kitchen products, for instance, modern microwaves; meat mincers; gas cookers/ovens; pressure cookers; and electric rice cookers. Due to the high demand ... Read More
Pages: 6       Words: 1433

Retail Store Theft and a Device To Prevent It

Introduction: Retail theft has been a significant issue for business ownеrs all over the world for a long time. Sincе rеtail thеft can rеsult іn thе loss of thousands of dollars worth of goods as well as higher insurancе premіums, lost incomе, and dеcrеasеd customеr satisfactіon; it poses a severe concеrn for retailers. Additionally, it ... Read More
Pages: 5       Words: 1133

Discount Evaluation Analysis

The organization had $383,442.56 in discounts available based on the information provided. Nevertheless, the business utilized only $5,573.33 in rebates, leaving $377,869.23 in unutilized discounts. The business could have avoided spending $377,869.23 on expenses if discount capture was 100% effective. The business might have made substantial financial savings by ensuring that all discounts are utilized. ... Read More
Pages: 4       Words: 877

Comparing and Contrasting the Advantages of Exporting, Licensing, and Franchising for Entering and Competing in Foreign Markets

In this era of rapid globalization, businesses have various strategic options when competing and expanding in foreign markets. Among the most well-liked approaches are exporting, licensing, and franchising. Nevertheless, how should companies decide which suits their unique needs and objectives best? An in-depth exploration of these questions will be carried out throughout this essay as ... Read More
Pages: 3       Words: 710

Essay on Monopolistic Competition

Abstract This term paper investigates the economic theory of monopolistic competition and its applicability to the modern business environment. In the study, monopolistic competition and its effects on a variety of industries—including technology, healthcare, and retail—are examined in three news items. The literature review contrasts and compares the writers’ viewpoints and provides significant facts, figures, ... Read More
Pages: 6       Words: 1512

The Implications of Tax Cuts on the US Economy

A tax cut denotes a decrease in the amount of money from taxpayers to revenue. Tax cuts increase the disposable income of the taxpayers but decrease government revenue. Tax cuts represent reductions in the amount of tax paid for services, goods, and income. Tax cuts leave taxpayers with more usable money and thus are examples ... Read More
Pages: 6       Words: 1531
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