Unemployment exists when people who are willing and able to work cannot find a job. Specifically, there are seven different types of unemployment.
Posts published in “BUSINESS MANAGEMENT”
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Another important government economic objective is to keep low unemployment in the country to maintain and improve the country’s economic status.
With the demand for necessities and luxury products falling during economic recession, it is important for managers to consider ways to reduce business costs.
An economic recession has serious consequences for most businesses and the whole economy. A recession is a period of six months or more of declining GDP.
Different producers should adopt a different business strategy during economic growth, and a different business strategy during economic recession.
The country’s economy usually does not grow at the steady and constant rate, but tends to grow at different rates over time which leads to The Business Cycle.
One of the most important government economic objectives is to maintain sustainable and high economic growth in the country.
All governments around the world have economic objectives for the nation’s economy to achieve by using specific economic policies.
This section introduction to economics includes government influences on economic, environmental, legal and ethical issues, and impact different business functions.
Most of the business organizations that exist in the world are small businesses and micro-businesses with either one or no additional workers.
Growth is a long-term objective of most businesses. However, some firms never grow. Why some businesses want to grow and other businesses remain small?
While growth is a common business objective, it is neither easy nor cheap for the company to achieve as there are many problems linked to business growth.
Franchising is a business agreement in which the franchisor agrees to allow the franchisee to use its name, logo and products in exchange for a payment.
Franchising has allowed certain multinational businesses to expand much more rapidly than they could otherwise have done.
External Growth can lead to rapid expansion of the business which might be vital in very competitive markets, or in industries that expand fast.
Joint Ventures (JV) and strategic Alliances (SA) allow business organizations to enjoy some of the benefits of mergers, acquisitions and takeovers.