Goods and Services, Economics and Trade - Introduction to Business | BUS 135, Study notes of Introduction to Business Management

Download Goods and Services, Economics and Trade - Introduction to Business | BUS 135 and more Study notes Introduction to Business Management in PDF only on Docsity! BUS 135 EXAM1 STUDY GUIDE Study the following topics in details: Chapter1 Goods and Services, Quality of life, standard of living, outsourcing, in sourcing, risk, Entrepreneurs, factors of production, different factors that affect the businesses, technology and its benefits, database, empowerment, demography, evolution of business, Chapter2 Economics : macro and micro, Resource Development, Economic Theories, Different Economic Systems, Free market, Demand, Supply, Levels of competition, GDP, Unemployment, Inflation, business cycles, Fiscal Policy - Monetary Policy and its effects, Global Market, World Population, Chapter3 imports, exports, Trade, Theories of advantage, small business, measurement of global trade, balance of payments, unfair trade practices, free trade, different strategies for reaching global markets – their advantages and disadvantages, Sovereign Wealth Funds, Different forces affecting global trade, trade protectionism, Tariffs, quotas and embargos, WTO, Common markets, and Outsourcing.