Examlex
What are the two levels of strategic alternatives that a firm must consider when competing internationally?
Production Possibilities Frontier
A diagram displaying the peak output scenarios for two different goods, given certain resources and influencing factors.
Economic Growth
An upswing in economic output regarding goods and services over a given time interval, typically evaluated using the Gross Domestic Product.
Improving Technology
The process of developing and applying new and better techniques, tools, and machines to increase efficiency, productivity, and quality in production or services.
Capital
Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.
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