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Statistics

Construction of Index Number

Management > Managerial Statistics > Construction of Index Number Following are the steps involved in the construction of index number Purpose of index number:  The steps which are taken in the construction of index number generally depend on the purpose of the index number. Hence the purpose of index numbers must be defined clearly, perfectly […]

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International Business

Drivers of International Business

Management > International Business Management > Introduction to International Business > Drivers of International Business The production of goods and services has increased around the world due to a number of factors, particularly globalization. Many companies have gone beyond their national borders to have operations, even in remote corners of the world. McDonald’s, Subway, Kellogg’s, Walmart, […]

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International Business

Factors Affecting International Business

Management > International Business Management > Introduction to International Business > Factors Affecting International Business The exchange rate, geographical position, level of development, national income, legal and political framework are some factors which influence the international business. Influence of Politics and Protectionism: A country’s government can have a major effect on its balance of trade […]

Categories
Statistics

Index Numbers

Management > Managerial Statistics > Introduction to Index Numbers According to the Spiegel: “An index number is a statistical measure, designed to measure changes in a variable, or a group of related variables with respect to time, geographical location or other characteristics such as income, profession, etc.” According to Patternson: “In its simplest form, an […]

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International Business

Disadvantages of International Business

Management > International Business Management > Introduction to International Business > Disadvantages of International Trade The disadvantages of international trade are as follows Impediment in the Development of Domestic Industries: International trade has an adverse effect on the development of domestic industries. Due to foreign competition, cheaper availability, and unrestricted imports, the domestic industries in the […]

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International Business

Advantages of International Business

Management > International Business Management > Introduction to International Business > Advantages of International Trade The advantages of international trade are Low-cost production: A company can take advantage of low-cost production outside its domestic operations by identifying a nation where the labour is cost-effective and in abundant supply. For example, countries like China, India, the […]

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International Business

Comparative Study of Domestic Business and International Business

Management > International Business Management > Introduction to International Business > Comparative Study of International Business and Domestic Business Characteristics of International Business: It is one which is engaged in an economic transaction with several countries in the world. It is carried out across borders and national territories of a country (Inter-country) Many restrictions are […]

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International Business

Features of International Business

Management > International Business Management > Introduction to International Business > Features of International Business In this article, we shall understand the features of international business. Large scale Operations: To cope with the global competition in international business, all the operations are conducted on a very huge scale and generally using special purpose machinery and […]

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International Business

What is International Business?

Management > International Business Management > Introduction to International Business > What is International Business? The world is fast becoming a global village where there are no boundaries to stop free trade and communication. Keeping pace with it, the way we do business has changed in an unprecedented manner. The competition, in the global marketplace, […]

Categories
Statistics

Variables in Statistics

A variable is any characteristics, number, or quantity that can be measured or counted. A variable may also be called a data item. It is called a variable because the value may vary between data units in a population, and may change in value over time. For example; ‘income’ is a variable that can vary between data units in a population and can also […]