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The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada. Assume that the market is competitive, all jets are identical, and that Canada engages in international trade.
FIGURE 33- 6
-Refer to Figure 33- 6. If the world price of a regional jet is $20 million, Canada will
Forecasting Demand
The process of estimating the future demand for a product or service based on historical data, market trends, and other factors.
International Setting
Refers to the global context in which organizations operate, encompassing different cultures, legal systems, and market conditions.
Strategic International HR Planning
Projecting global competence supply, forecasting global competence needs, and developing a blueprint to establish global competence pools within companies.
Global Competence Supply
Refers to the availability and accessibility of skills and expertise worldwide that companies can leverage to meet their strategic objectives.
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