As You Round Out Your Final Year at the University,you

question 368

True/False

As you round out your final year at the university,you are trying to decide on the last two business electives you need to take.You are leaning toward international marketing and international financing because you recall reading that Forrester Research estimates that more than three million jobs could move to global markets in the next ten years.
Reputable business research such as Forrester Research predicts that many current graduates will be working abroad in the near future due to the blue collar and white collar jobs that are moving off shore.

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Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.