Briefly Explain in a Sentence or Two How You Could

question 11

Essay

Briefly explain in a sentence or two how you could tell
a.whether a good is a normal good or an inferior good.
b.whether a good is a luxury or a necessity.
c.whether two goods are complements or substitutes.

Describe effective expatriate training and its critical components.

Recognize the major areas of focus for workforce planning in an international context and their implications for HR.

Analyze the pros and cons of employing home-country nationals, parent-country nationals, and third-country nationals.

Understand the steps necessary for effective expatriate training and the significance of each step.

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Definitions:

Demand Shock

A sudden event that significantly alters demand for goods or services, either positively or negatively, in an economy.

Supply Shock

An unexpected event that suddenly changes the supply of a product or commodity, leading to sudden price changes and/or shifts in the market.

Dollar-Yen Exchange Rate

The rate at which one can exchange US dollars for Japanese yen, indicating the value of one currency in terms of the other.

Japanese Producer

A Japanese Producer refers to a company or individual involved in the manufacturing or production sector within Japan, known for its automotive, electronics, and technology industries.