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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Editor: Steven D Sheetz (Virginia Tech, USA)

Contributors: Kimberly Watkins, Sarah ElShawarby, Nicholle Depaz (Virginia Tech, USA)

Reviewer: Robin S Russell (Virginia Tech, USA)

De Vita, Glauco and Catherine L. Wang. "Development if Outsourcing Theory and Practice." Idea Group Inc., 2006.

Gandhi, Ujval. "Vendor Managed Inventory: A New Approach to Supply Chain Management." Virginia Polytechnic Institute and State University. 2003.

Halvey, John and Barbara Melby. "Business Process Outsourcing: Process, Strategies, and Contracts.” John Wiley&Sons, Inc. 2000.

Mohr, Jakki. "Characteristics of Partnerships Success: Partner Attributes, Communication Behavior, and Conflict Resolution Techniques." Strategic Management Journal 15.1994 135-152. 12 Dec 2007.

Russell, Roberta and Bernard W. Taylor III. "Operations Management: Quality and Competitiveness in a Global Environment." John Wiley&Sons, Inc. 2006.

Scannell, Ed and Tom Sullivan . "Reining in external relationships." Info World Media Group 18 SEP 2000 20. 29 SEP 2007 (External Link)&dyn=33!xrn_14_0_A65286562&bkm_34_14

Seifert, Dirk. "Collaborative Planning, Forecasting, and Replenishment: How to Create a Supply Chain Advantage." AMACOM Books. 2003.

Smith, Michael. "Honesty as a core value." Practical Strategies Newsletter 12 Dec 2007 <(External Link)> .

Street, Christopher and Ann-Frances Cameron. "External relationships and the small business: a review of small business alliance and network research." Journal of Small Business Management. Apr 2007 239-254. 09 SEP 2007.

Questions & Answers

what does mean opportunity cost?
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Eleni
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IMLAN Reply
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
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Economics is a branch of social science that deal with How to wise use of resource ,s
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need
WARKISA
Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
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EMPEROR Reply
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Alex
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Alex
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
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Examine the distinction between theory of comparative cost Advantage and theory of factor proportion
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a general and ongoing rise in the level of prices in an economy
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price
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information
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appreciation
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explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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