Recession A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP); although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession. Recession is a normal (albeit unpleasant)
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$238 billion in 2004, it reached $518 billion in 2012 [IBEF, 2014]. With over 1.2 billion people in India, it has become one of the fast growing countries for retail markets to flourish in. Retailing has become one of the strong pillars of our economy as it accounts for 22 percent of India’s GDP and contributes to about 8 percent of total employment in our nation [FICCI]. Organized retail industry in India is bound to grow by leaps and bounds. This growth is driven by rapid changes in the sector
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evaluation of actual performance at the end of “Year 9.” To review, a static budget does not change after it is developed, however, a flexible budget is one that summarizes revenues and costs from different volumes compared to similar ranges to like companies. Since a flexible budget is more complex and difficult to predict due to variances in costs compared to a fixed budget, it is necessary to answer questions when selling items with
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enterprise Business communications intergraded assignment Request：01/03/2012 Due date: 30/03/2012 Letter of Transmittal: Miss Liu Sichuan University 32 Ke Hua Bei Lu Chengdu Sichuan China 610065 Miss Szabo – Director Costless Clothes Company Sichuan University 14 March 2012 Dear Miss Szabo. Thank you for spending time on reading this report. Please find attached our detailed report which deals with cultural differences between administration staff and Cuban customers. Thank
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| | |UNIVERSITY OF TECHNOLOGY, SYDNEY | | | |Strategic Management 21705
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A few years later, the Transcontinental Railroad was completed, connecting San Jose to the rest of the country. With access to railroads, San Jose expanded as a commercial and population center. With the growth of the railroads, San Jose’s former shipping port, Alviso, diminished in importance. As the area population increased during the 1870s, a branch of the State Normal School (now California State University San Jose) was opened in downtown San Jose, influencing the cultural and economic development
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tight control over costs and a clear vision about the industry. Carnival’s corporate strategy was to see them as a vacation business, not a cruise business putting them in direct competition with other vacation companies. The strategy was to convert land vacationers to cruisers. The company saw the huge untapped potential that the North American vacation market offered; only 16% of the country ever cruised. This was a very successful strategy. Carnival’s success and profitability grew, increasing
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During the 1960s and 1970s, India’s economy faced many challenges, growing only an average of 3–3.5 percent per year. Numerous obstacles hindered foreign companies from investing in India, and many restrictions on eco- nomic activity caused huge difficulties for Indian firms and a lack of interest among foreign investors. For many years the government had problems with implementing reform and overcoming bureaucratic and political divi- sions. Business activity has traditionally been
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it is an island country of the southern tip of the Malay Peninsula in Southeast Asia. Singapore has a strategic location for Southeast Asian shipping routes and also it is separated by the Straits of Johor from Singapore and Indonesia’s Riau Islands by the water side a decade ago. This country has highly development free market economy in which the economy is open and corruption-free. And the chief of state is the President and the head of government is the Prime Minister. 2. Political Characteristics
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that of South Korea and Thailand and three times that of the average for members of the Organisation for Economic Co-operation and Development (OECD). Since most ports are overstretched and the time taken to obtain customs clearance is quite long, companies in India hold large inventories. Poor road and rail networks exacerbate these problems. India is presently ranked 17th in the maritime nations of the world. About 95% by volume and 70% by value of the contry’s trade is carried on through meritime
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