Discuss in Detail How Personal Communication Affects Business Operations and the Concept

question 63

Essay

Discuss in detail how personal communication affects business operations and the concept of lingua franca and how it affects communication in international business.

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Definitions:

Recessions

Periods in an economy when business activities reduce, leading to higher unemployment and lower spending and investment.

Inflations

A widespread rise in prices accompanied by a decrease in money's buying power.

Deficits

The amount by which a government, company, or individual's spending exceeds its income over a particular period of time.

Surpluses

Occurs when the quantity of a good produced exceeds the quantity demanded, often leading to price reductions.