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Researchers have identified a seven-step model that can be used by managers who are faced with an important decision.Discuss these steps as they would apply to an important and realistic business situation of your choosing.
Birth Rate
The number of live births per thousand of the population per year.
Domestic Investment
The total spending on capital within a country, including spending on new buildings, machinery, and inventory changes.
Real GDP
A measure of the value of all goods and services produced by an economy adjusted for price changes or inflation.
Foreign Investment
The investment of capital by individuals, corporations, or governments from one country into business interests within another country.
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