Opportunity cost is defined by Case and Fair as (1999, pg. 03) "that which we give up, or forgo, when we make a choice or a decision."" The article states that "opportunity cost measures the cost of any economic choice in terms of the next best alternative forgone."" ... Opportunity cost is solely concerned with the result of making a particular decision and the impact that choice will have. ... This notion applies to all culture, individuals, firms, governments and businesses. ... Opportunity cost is an important concept in economics as it can be used to predict the feasibility of one decis...

• Word Count: 288
• Approx Pages: 1
• Has Bibliography
• Grade Level: Undergraduate

Opportunity cost is defined by Case and Fair as (1999, pg. 03) "that which we give up, or forgo, when we make a choice or a decision."" The article states that "opportunity cost measures the cost of any economic choice in terms of the next best alternative forgone."" ... Opportunity cost is solely concerned with the result of making a particular decision and the impact that choice will have. ... This notion applies to all culture, individuals, firms, governments and businesses. ... Opportunity cost is an important concept in economics as it can be used to predict the feasibility of one decis...

• Word Count: 288
• Approx Pages: 1
• Has Bibliography
• Grade Level: Undergraduate

(Daft 778) Small business owners never start their businesses with the intention of failing, however statistics show that in all likelihood they will not be successful. ... Despite these opportunities to continue businesses, statistics show that many companies that file for Chapter11 will eventually file under Chapter 9 and liquidate their business. ... Chapter 11 still provides an important last opportunity for businesses to succeed. ... Effective Small Business Management. ... West's Business Law. ...

• Word Count: 1115
• Approx Pages: 4
• Grade Level: Undergraduate

The Small Business Administration (SBA) and Congress have been working together to promote economic development and growth in distressed communities by giving those businesses which are located in such communities opportunities to contract with the federal sector. ... The HUBZone Empowerment Contracting Program's intent is to stimulate economic development and employment in urban and rural communities by establishing contracting preference standards and employment opportunities for small business concerns that are located in and persons that reside in "historically underutilized business...

• Word Count: 805
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

The area most affected by this change was the business community. ... E-commerce gives people a lot more opportunities, especially smaller businesses. ... Communicating became faster and smoother between business to customers and businesses to businesses. ... As one business consultant once wrote that it is imperative now that businesses know what their customers want and deliver it. ... Having the opportunity to do business over the internet has greatly revolutionized the business community. ...

• Word Count: 607
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

My Uncle is a general merchant (Business Man as locally called in Nigeria) and owns a good number of factories and chain of businesses. I always visited some of the Factories and Business office where I learned and understood production flow, inventory controls or warehouse management and customer satisfaction. ... Relocating to the United States about a year ago has presented an opportunity for me to study a MBA program which I believe is a step towards the right direction. My experiences so far has opened my mind to see ways on how I can transform my ideas into a viable business by learning ...

• Word Count: 454
• Approx Pages: 2
• Grade Level: Undergraduate

African American Business Development Significantly increase the number, mix and size of operation of African American businesses. Objectives: Increase African American Business Numbers by 10% net per annum. ... Convene a forum of African American businesses and business leaders to consider the potential for partnerships, investment venture and other initiatives to promote economic and business development. 2. ... Monitor implementation of the newly updated regional economic development strategy published in the Visioning Task Force Final Report (August 1997) for its impact on providing ...

• Word Count: 804
• Approx Pages: 3
• Grade Level: Undergraduate

While choosing for a particular issue to discussed the different leadership styles of men and women; I decided to research on both the military and the global business. There are increasing numbers of women in the military as well as increasing numbers of women around the global business. ... Second, I will differentiate the opportunities of men and women in the military. Lastly, I will discuss how men and women do business in the Middle East, Latin Americans, Asians, Europeans, Africans, and North Americans. ...

• Word Count: 694
• Approx Pages: 3
• Grade Level: Undergraduate

When it comes to operating a successful business the people you employ are almost equally as important as what you do. ... This law guarantees people with disabilities have the same opportunities as everyone else, not just in the business place but also in everyday American life. It insures those with disabilities have the right to enjoy equal employment opportunities, purchase goods and services, and participate in all government programs and services. ... On top of that, from time to time I have the privilege of guest speaking to businesses and local organizations about what it means to live...

• Word Count: 677
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

The CTO position has a great opportunity to be involved on both sides of the business: technical and leadership. CTO's are in the perfect medium of business and technology. ... It clearly exemplifies how to act and how not to act in a business setting. ... Plus, that gives employees the opportunity to get exercise, a breath of fresh air, and creating a firmer bond of trust. ... This article showed that community engagement is a key role in any successful business. ...

• Word Count: 776
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Through the rapid economic growth in China, many businessmen are waiting and seeking for the opportunities to enter China's market. ... Without acquiring enough Chinese culture information, businessmen may confront many entry barriers and lose lots of opportunities. Compared to the economy of democratic countries, the term of "guanxi" might be explained as an unethical business practice and connected to "lobbyist" judging by the business standard process. ... Complicated and elegant Chinese cuisine food culture facilitated the table business culture. ... The past ten...

• Word Count: 700
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

It is noticeable that the functions of technology and education played major roles in the US although opportunities in other fields such as job vacancies are on a steep decline. ... Moreover, there are not only opportunities in jobs but also the mean salary is higher than jobs in other fields. ... This shows that the job opportunities for information workers is increasing. ... The next in line was the trade sector at 61%, then came business and other works at 45%, communications and transportation services at 39%, 38% in government sector and between 14% and 28% in agriculture, construction an...

• Word Count: 1045
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

Since our economy is rapidly changing it creates new opportunities for small business owners everyday. New technology has opened thousands of new opportunities and especially with the Internet making a small business available to thousands of people around the world. ... There a re 6 main tactics people use to become a business owner they are to start a new business. Buy an existing business. ... They are all retired business executives which helps small businesses grow. ...

• Word Count: 844
• Approx Pages: 3
• Grade Level: Undergraduate

The owner of the restaurant also operates an insurance agency strategically located right next to the pizzeria, which offers a unique opportunity of brand exposure to those doing business within the insurance agency's Albany location. ... The combination of all these measures is to bring a mutually beneficial exchange of information to the target audience in an attempt to educate, remind or persuade potential customers of the benefits of a product or business. ... Considering the limited capital and lack of brand recognition for any new business, my company looks to separate itself by un...

• Word Count: 1142
• Approx Pages: 5
• Grade Level: Undergraduate

Business organizations and individuals now prefer builders than architects. ... However, it also affects architects and intermediaries negatively by reducing business opportunities. ... This paper evaluates critically the opportunities and challenges of using builders and architects to the customers. ... To select an appropriate builder one needs recommendation from a friend, family, and business associates (Mallgrave, 136)....

• Word Count: 487
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

Introduction In general, Business ethics are known as moral ideologies that make the methods of performing business. It also determines individuals' behaviour on dealing business. ... Actual opportunities must be given to the participants from participating in the research without gathering inappropriate force or disadvantages. ... Such explanations contain warning of probable damage and providing clear opportunities to refuse to participate and to terminate participation at any time. ... Conclusion Ethics in business research is discussed in four fields including; participants harm, i...

• Word Count: 807
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Affirmative action has been accepted by governments, businesses, and educational institutions to remedy the effects of past discrimination against a group. ... On March 6 Kennedy signed Executive Order 10925, which established the President's Commission on Equal Employment Opportunity and spelling out the obligations of contractors doing business with the government. ... It was aimed at the full realization of equal employment opportunity and required firms conducting business with the federal government to "take affirmative action" to ensure such opportunity. ... Thus it is not enough...

• Word Count: 1046
• Approx Pages: 4
• Grade Level: Undergraduate

As a modern business methodology in the tourism sector, online Tourism addresses the needs of investors, organizations and consumers to reduce costs while at the same time improving the quality of products and services. ... As regards benefits for the consumer, there is the convenience and time saving associated with researching and booking a holiday or business trip from home - 24 hours a day, 7 days a week, as well as the opportunity to obtain immediate cost comparisons. ...

• Word Count: 622
• Approx Pages: 2
• Grade Level: Undergraduate

Georgetown's McDonough School of Business intrigues many students that are interested in pursuing a higher level education in business. Georgetown's homepage features a section in entrepreneurship which allows students to take a further look into the details of owning their own business. Credibility is established by including a video, involving CEO of the Georgetown's School of Business, researched in full detail how the school takes learning to the next level with hands on training. ... Entrepreneurship is a complicated business which people have to develop people skills, pra...

• Word Count: 561
• Approx Pages: 2
• Grade Level: Undergraduate

Sam Walton came to the realization that the opportunity does exist for discounts stores if they continue to offer low prices in small and rural communities, Sam learned this through his experience with the Ben Franklin stores. Sam tried to persuade the Butler brothers with this opportunity but was denied. ... Management and ownership of the family business, eighty percent of all American businesses are owned by families and one third of them are owned and managed by women. ... Family owned businesses have a higher sales margin than non-family owned businesses. ... Succession in the family bu...

• Word Count: 947
• Approx Pages: 4
• Grade Level: Undergraduate

Analyse various methods that a business can use when determining whether there is a market in a foreign country The first step for any business looking into an international trade venture, is obtaining a good understanding of the market assessing viability and potential success. ... The challenge for any business is to gain a sufficiently detailed understanding of the fundamentals of a market. ... Thus meaning that identifying a gap within the market would prevent large losses to the business. ... Furthermore finding a gap could lead to identifying the businesses target market. ... Leadi...

• Word Count: 779
• Approx Pages: 3
• Grade Level: Undergraduate

The Economic Opportunity Act (EOA) was signed into law on August 20, 1964, by President Lyndon Johnson as part of the War on Poverty. ... The EOA outlined a plan of action through the establishment of a group of programs including work training, work study, community action programs, and the creation of the Office of Economic Opportunity (OEO). ... These programs include Senior Adult Centers, Commodity Distribution, Home Energy Assistance, Information and Referral, Family Success Center, Head Start Child Development Services, Family Day Care Homes, the Singles Parent Scholarships Fund, a vari...

• Word Count: 1137
• Approx Pages: 5
• Grade Level: Undergraduate

These will be discussed in more detail below and how they affect business. ... Technological Factors: Kotler and Armstrong (2010:92) define the technological environment as "Forces that create new technologies, creating new product and market opportunities.... Woolworths remains one of the top retailers in South Africa because it is able to see trends and work with them to help boost sales and exploit market opportunities, just like they have done with the emerging black diamond market. ... The second reason is to protect consumers from unfair business practices. ... This also brings abo...

• Word Count: 1207
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

By acquiring Motorola, Google will gain even more control over its products, although it is doubtful whether Google can be successful in both areas of the business. Currently, Google maintains the software part of the business, but they do not deal with making the actual devices. ... "This is an opportunity for Google to jumpstart the market, in pricing and innovation," said Avi Seidmann, an information systems professor at the University of Rochester (Rusli). ... Furthermore, as the owner of Android phone software, Google now placed itself in direct competition with some of its own busines...

• Word Count: 1029
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

Indicate your understanding of the concept of globalisation and discuss fully its implications for Caribbean business development. ... It offers an opportunity for a larger volume of production in which lower costs of production per unit of output may be achieved. The prospects of increased profitability in the home market are improved while there are greater opportunities to counter falling demand in one area by increasing demand in others. ... OPPORTUNITIES FOR GLOBALISATION FOR THE REGION 1. ... This recruitment of labour increases employment opportunities within the region. ...

• Word Count: 673
• Approx Pages: 3
• Grade Level: Undergraduate