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globalizationthe procedure of interlinking financial markets in various countries into a common world pool of funds to be accessed by both between
gross domestic producta measure of national economic activity gdp is measured from two approaches gdp can be viewed as the total value of all goods
income elasticitythe functional relationship among the changes in the quantity demanded for a good or service and the change in income of those
leading economic indicatorsthe 11 key economic indicators that have been establish to lead business cycle turning points of the 11 four are basically
marginal revenuemarginal revenue is the additional revenue an organization receives resulting from the sale of one more item of output marginal
opportunity costthis is the amount that is sacrificed when choosing one activity over the next-best alternative in organization an example of
this is the practice of maximizing profits and revenues and minimizing costs using marginal
organization for economic development oecd an international organization found in paris france in 1961 to act as a worldwide forum to stimulate world
find the labor force the working-age population the number of employed workers and the number of unemployed workers unemployment rate 560
perceived value pricingthis refers to a pricing strategy that dictates that the price of a given item will be set based on the customers perception
perfect competitionits a market where conditions prevail like that buyers and suppliers are without the ability to manipulate price in any
price elasticitya measure of the change in demand for a product relative to unit changes in the price of the product if the percentage change in
profit margina measure of organization performance profit margins measure the percentage return an organization is earning over the cost of
regression analysisthis is a statistical tool which is used to discern the relationship among a dependent variable as like sales to one or more
shortagea condition under that the quantity demanded for a good or service exceeds the available supply for that good or service shortages usually
surplusthe surplus is a condition under that supply for a good or service is in excess of the demand for that good or service when this happens there
time value of moneythe time value of money is the price or value placed on time it is commonly thought of as the opportunity cost related with a
unemployment ratea measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of
value additivityin an efficient market the value of any 2 assets can be estimated as the sum of the values of the two individual assets this is a
value chainit is the collection of activities within an organization that allows it to compete within an organization the activities in a value chain
exit strategythe exit strategy denotes that which investors in an organizations realize all or elements of their investment regardless of the
employmentthe calculations of human input in the production procedure in the united states there are two major measures of employment as determined
a trust is build to acquire shares in organizations for subsequent allocation to employees over time by
employee communicationmore widely called internal communications employee communication is must in retaining a happy and productive workforce
elasticity of demandthis is a measure of how responsive the sales volume of goods is to changes in that products price equal to the marginal change