Describe at Least Four of the Different Types of Budgets

question 47

Essay

Describe at least four of the different types of budgets that are frequently used.

Understand the distinction between trade deficit and trade surplus and their implications on international business.

Describe the process of exchange control and its impact on global business activities.

Know the global product strategies for firms looking to expand internationally.

Identify and differentiate modes of market entry for international business expansion.

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Definitions:

Appraising Performance

The process of evaluating an employee's job performance and productivity in accordance with previously set objectives.

Organizational Citizenship Behaviors

Voluntary actions by employees that are not mandated but contribute positively to organizational functioning.

Stockholders

Individuals or entities that own one or more shares of stock in a public or private corporation, thus having a financial interest in its performance.

Trade Show

An event or exposition where companies in a specific industry showcase and demonstrate their new products, services, or technologies to potential customers and partners.