Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2, Problem 2TIT
Summary Introduction
To discuss: The employment trend in manufacturing over the last four years.
Introduction:
Economics is the term used for the study of production, distribution and consumption of resources.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Economic and business environment analysis:
What is the Business environment like: Government attitude to foreign investment and trends, ease ofdoing business, trade regulations in germany What is the Inflation levels, currency exchange rate; risks of devaluation versus the dollar in germanyWhat is the Education and literacy levels, availability of skilled labor, labor costs in germany
This information must be linked to the product ( time and patience bakery bread)
A. Instructions: Explain the following effects brought by globalization on the Philippine government, economy, and community. Write your answers in the space provided below.
4. The size of foreign investments has increased, and many poor economic habits and political trends have been erased.
_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5. Violence and drug abuse increased, and many deadly diseases have spread under the influence of globalization.
_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6.…
1. Define ethics, and why is it business ethics is very important?
2. Why is entrepreneurship an important component of economic development?
3. Define innovation, and why is it important in entrepreneurship activity especially during pandemic?
4. Why is corruption an unwanted activity in a country like the Philippines?
5. What options would you want to improve your economic lot, be an employee, be a professional, or a small business operator? Why, explain further.
6. What is meant by “the consumer’s right to be safe”?
Chapter 2 Solutions
Understanding Business
Ch. 2.1 - Prob. 2.1AQCh. 2.1 - Prob. 2.1BQCh. 2.1 - Prob. 2.1CQCh. 2.1 - Prob. 1TPCh. 2.1 - Prob. 2TPCh. 2.1 - Prob. 3TPCh. 2.2 - Prob. 2.2AQCh. 2.2 - Prob. 2.2BQCh. 2.2 - Prob. 4TPCh. 2.2 - Prob. 5TP
Ch. 2.2 - Prob. 6TPCh. 2.2 - Prob. 7TPCh. 2.3 - Prob. 2.3AQCh. 2.4 - Prob. 2.4AQCh. 2.4 - Prob. 8TPCh. 2.4 - Prob. 9TPCh. 2.4 - Prob. 10TPCh. 2.4 - Prob. 11TPCh. 2.5 - Prob. 2.5AQCh. 2.5 - Prob. 2.5BQCh. 2.6 - Prob. 2.6AQCh. 2.6 - Prob. 12TPCh. 2.6 - Prob. 13TPCh. 2.6 - Prob. 14TPCh. 2.6 - Prob. 15TPCh. 2 - Prob. 1CTCh. 2 - Prob. 2CTCh. 2 - Prob. 3CTCh. 2 - Prob. 1DWSCh. 2 - Prob. 2DWSCh. 2 - Prob. 3DWSCh. 2 - Prob. 4DWSCh. 2 - Prob. 5DWSCh. 2 - Prob. 1TITCh. 2 - Prob. 2TITCh. 2 - Prob. 3TITCh. 2 - Prob. 4TITCh. 2 - Prob. 1VCCh. 2 - Prob. 2VCCh. 2 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What kind of responses would you expect from Teslas rivals in the automobile manufacturing industry to the Model 3s popularity?arrow_forwardWhat are the problems discuss in this article? How does it relate to business? Give some of the main points discuss. Small businesses are referred to as the backbone of the economy for a reason. They employ 46% of American workers and make up nearly half of GDP, and they boomed during the pandemic as new business applications set records. But things have turned the other direction in the last year, first because of soaring inflation and then major regional bank failures—headlined by the second and third-largest collapses ever, at Silicon Valley Bank and Signature Bank. The specter of banking consolidation is rising, and with it an even more challenging economic environment for small business, raising the questions: What becomes of the entrepreneur if their local bank goes away? Is the banking system stable? And is a credit crunch on the horizon? Underscoring the open nature of this debate, expert opinion is splitTreasury Secretary Janet Yellen has said that the banking situation is…arrow_forwardwhat is the opportunity or threats of Jollibee Corp in terms of GDP in the PHarrow_forward
- Chapter 3Pick any pair of rivals in the same industry (such as Boeing and Airbus, Apple and Samsung, Toyota and Volkswagen) and explain why one outperforms another.arrow_forwardThe demand for personal loans has increased and so M/s MNC, a leading bank, has launched a new application “Insta loan” and wants to leverage the emerging technologies to drive business growth. The loan applicants can apply on the website & submit documents to check their Elaborate on the technologies & trends which can be used to create a seamless user experience? Explain which metrics can be used to monitor business growth in this casearrow_forward36- Mr. Ahmed is running a small grocery shop in Manah. During this pandemic, the sale of goods has gone down because of less demand. After 12 months of bad market conditions, the Business started slowly improving from March 2021. Identify the economic cycle he is facing at present. a. Thorough b. Peak c. Recovery d. Recessionarrow_forward
- How do you currently describe the business climate locally, regionally, and globally? What are the implications for the companies in the same industry as your CLC group’s company? Explain why. Explain and cite examples using Google Scholar.arrow_forwardHow important is for a business student to know the economic indicators?arrow_forwardChoose from the following agricultural/agribusiness industry that you are interested with. Be specific. Animal production or livestock industry Plant/horticulture industry Crop industry Fishery Others ( be specific) After choosing an industry, you are asked to research about it and be able to answer the following questions: How attractive is the market? In what way are competitors expected to respond if you enter the market? What is the current size of the market and how large is it expected to become? What are the current and projected growth rates?arrow_forward
- 1. What kinds of industries tend to be better performers in the medium to long term? Why? What kinds of industries tend to do poorly in the medium to long term? Why? 2. Can you make the claim that some industries are inherently more profitable than others? Provide arguments and examples to justify your response. 1 What kinds of industries tend to be better performersarrow_forwardConsidering that the global economy changes, and there will be a continues record of high oil prices plus an additional slow down in consumer spending, relate your insights on how the major shipping businesses worries or strugglesarrow_forwardYou have been hired as a consultant for an oil and gas company, Dawson, headquartered in Mexico, which believes there is potential growth in Canada’s market. Because of your knowledge of Canada, you have been asked to provide a proposal on the Canadian Business Environment that would include an overview of Canada’s economic systems and the role of government in conducting business in Canada, specifically as related to the oil and gas. In addition to the overview, it should specifically outline how these compare to Mexico. This proposal serves to inform the company’s decision to invest in the country, so should beinsightful and provide detailsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning