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For 2-semester courses in Introductory Business Statistics. In the United States, they are typically offered in high schools and in schools that grant associate's degrees ; elsewhere they may be included under Business studies.
The emphasis in these courses is on computational skills and their practical application, with practical application being predominant. Elementary algebra is often included as well, in the context of solving practical business problems. The practical applications typically include checking accounts , price discounts , markups and Markup , payroll calculations, simple and compound interest , consumer and business credit , and mortgages and revenues.
The two most common here are Business Calculus and Business Statistics. Programs often also cover matrix operations as mentioned above, and may include a separate module on interest calculations.
These courses are usually focused on problems from the business world, and the syllabus is adjusted correspondingly. Thus for example, whereas in a regular calculus course students would study trigonometric functions , courses here would not typically cover this area. Correspondingly, these courses typically do not go into the same depth as standard courses in the mathematics or science fields.
Note that economics majors , especially those planning to pursue graduate study in the field , are encouraged to instead take regular calculus, as well as linear algebra and other advanced math courses, especially real analysis. Some programs instead include a module in "mathematics for economists", providing a bridge between the above "Business Mathematics" courses and mathematical economics and econometrics.
Reasons for MNCs Integration may increase profits through better control of supply chains. The larger scale of production may allow the firm to better exploit economies of scale.
MNCs can better direct production to low cost nations. Problems in Home Country Loss of domestic jobs to other countries. MNCs may move technology out of the home country reducing the technological advantage of the home country.
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Transfer pricing may reduce taxable income and tax revenue. Access to foreign markets allows MNCs to circumvent domestic monetary and fiscal policy control. MNCs may extract from host nations most of the benefits of their investment, either through tax and tariff benefits or tax avoidance. What is international product fragmentation?
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Alternative terms: vertical specialization, slicing the value chain, international production sharing outsourcing, or trade in intermediate goods. Product Fragmentation and Foreign Outsourcing. Reinforces the linkage between trade and FDI policies. Global value chain GVC — The concept. GVC and trade in intermediate goods. Conventional trade statistics and GVCs.
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