Business Involves the Interaction of Individuals and Individual Organizations for the Exchange

question 30

Essay

Business involves the interaction of individuals and individual organizations for the exchange of products, services, and capital through markets. The global capital markets are critical for the conduct of this exchange. The authors suggest that one way to characterize the global financial marketplace is through its assets, institutions, and linkages. Explain how each of the three dimensions characterize the global financial marketplace.

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Definitions:

Early Adopter

A person who starts using a product or technology as soon as it becomes available, often before it has been widely adopted.

Market Trends

The general direction in which a market or the preferences of consumers are moving over time.

Early Majority

A category of consumers that gather more information and spend more time deciding to make a purchase than innovators and early adopters.

Early Majority

A segment of consumers adopting new products or innovations just before the average person, following the innovators and early adopters.