Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More

Balance Sheet, Income Statement, Cash Flows

Balance Sheet, Income Statement, Cash Flows According to Michael Dennis in his book: "Credit and Collection Handbook" there is an important interrelationship between the Balance Sheet, Income Statement and Statement of Cash Flows. The income statement reports revenues, expenses and the resulting net income or loss for a period of time. The Balance Sheet reports a company's assets, liabilities, and equity as of a specific date in time. The Statement of Cash Flows reports cash inflows and outflows from operating activities, investing activities and financing activities and the resulting net increase or decrease in cash and cash equivalents. The three statements are interrelated. From the Income Statement net income after…
Read More

EU, NAFTA, APEC, ASEAN, MERCOSUR

EU, NAFTA, APEC, ASEAN, MERCOSUR The European Union is a group of democratic European countries working together for peace and prosperity (Hill; The, 2005). Its forerunner, the European Coal and Steel Community, was formed in 1951 by Belgium, France, West Germany, Italy, Luxembourg and the Netherlands to remove barriers to intragroup shipments of coal, iron, steel and scrap metal. The European Union now consists of 25 countries. It originally dealt with trade and the economy, but now also covers citizen's rights; ensuring freedom, security and justice; job creation; regional development; environmental protection; and making globalization work for all. The North American Free Trade Agreement (NAFTA) is an agreement entered into…
Read More

Capital goods

Capital goods Capital goods are durable goods which are used in manufacturing operations to produce other goods for consumption. Capital goods include machinery and equipment. Capital equipment is equipment used in the production of other products. The equipment is not consumed or incorporated into the new product. According to Stephen Green in an essay on the Export America website, import restrictions established by other countries involving used goods vary by product and country of destination. In the case of used or remanufactured capital equipment, some foreign countries require elaborate documentation including certificates authenticated by the commercial office of their local Embassies or Consulates, and other countries forbid the import of…
Read More

Pricing Strategies & Pricing Wars
Bill Saporito takes on the is

Pricing Strategies & Pricing Wars Bill Saporito takes on the is Bill Saporito takes on the issue of price wars in his article, "Why the Price Wars Never End," (Fortune, March 23, 1992, pp. 68-78). Price wars are used to increase market share by increasing volume, but the tactical goal of greatly decreasing prices, putting a competitor out of business, is hard to achieve in today's environment of mergers and acquisitions and liberal bankruptcy laws. The result is that consumers come to expect increasingly lower prices while manufacturers watch their profit margins erode as they week to maintain their market share. Increased investment in fixed assets means that there are…
Read More

Tax Cut Analysis

Tax Cut Analysis Tax cuts can help revive the lagging U.S. economy. As Shostak (2009) points out, per Keynes a free market economy "could lead to self-destruction," so the government and central banks must manage it by exerting influence on the level of spending across the economy. Spending is the key to reviving the economy, because when one individual spends money, that money becomes another individual's income (Shostak, 2009). Shostak (2009) states, "If during a recession consumers fail to spend, then it is the role of the government to step in and boost overall spending in order to grow the economy." Tax cuts are an excellent way to boost spending.…
Read More

Impacts of WTO on Saudi Arabia

Impacts of WTO on Saudi Arabia The World Trade Organization (WTO) is the successor organization to the General Agreement on Tariffs and Trade (GATT). The WTO is one form of global governance actively supported by global business firms in particular and national governments in nation states with major global business firms. Support for the WTO comes primarily from the major developed economies. In spite of the support for the WTO among the major developed economies, however, each of the major developed economies continually attempts to circumvent the rules to provide benefits for benefits for global business firms from their own country at the expense of global business firms from other…
Read More

Reshaping of the Global Economy

Reshaping of the Global Economy In Lean and Mean Bennett Harrison, a political economist who specializes in corporate restructuring, argues that despite current talk to the contrary, it is still big companies who are responsible for creating new jobs (5). Small companies, according to Harrison's research, retain their traditional role as suppliers. The production and selling of central commodities which Harrison identifies as those visible in nearly every home, commodities such as television sets and cars, provides clues as to which industries will generate the most profit (6). What has begun to happen is that global networking has created the Grand Alliance with megacorporations such as Philips, Thomson, and NBC…
Read More

Almusbah

Almusbah Through its various entities Almusbah is primarily engaged in producing, distributing and marketing branded and mass market fragrance, cosmetics, hair care, air fresheners, skin care and toiletry products. The mass market products retail at significantly lower prices compared to high priced designer products. Almusbah sells locally and internationally to wholesalers, distributors, chains, stores and to mass merchandisers. Almusbah higher management comprises a professional team combining tradition and innovation as well as an extensive understanding of business trends. The company’s management is comprised of the following directors and executive managers: Mr. Ahmed Almusbahi Joint CEO and member of Board of Directors Mr. Abdullah Almusbahi Joint CEO and member of Board…
Read More

The Market Economy
THE MARKET ECONOMY: PROS AND CONS
Individu

The Market Economy THE MARKET ECONOMY: PROS AND CONS Individu Individualism, property rights, rationality, selfishness, and economic competition have been identified as the key characteristics of the market economy concept. The general theme of the concept is that whatever individuals want to do in an economy should not be interfered with by government, so long as the rights of others are not harmed in the process. The market economy concept holds that economic welfare will be generated through the selfishness, or greediness, of the members of the economy. Selfishness, according to this line of thought, motivates individuals to promote their own economic wellbeing, and, in the process, create economic benefits…
Read More

Capitalism vs. Socialism

Capitalism vs. Socialism Capitalism and socialism are politico-economic systems that differ profoundly, both in terms of their political ideology and their mechanisms of economics. Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand (ôCapitalismö). Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good…
Read More