Ib Business And Management Notes

1. Balance of Payments: an annual record of a countrys export cyberspace and its import expenditure; a surplus exists if the care for of exports exceeds the determine of imports (vice versa for a deficit on the balance of payments) 2. deregulation: the removal of g overnment rules and regulations which constrain an industry, on that pointby enhancing its efficiency; should besides service more competition within an industry 3. direct measure: a charge that is paid from the income of individuals or businesses, such as personalised income tax and corporation tax 4. economic appendage: measures the change in the Gross municipal Product (gross national product) of a nation over time; growth occurs if there is an increase in GDP for two consecutive accommodate 5. ethics: the moral values and judgments that rules of stray believes organizations should consider in their decision-making 6. exchange direct: the value of a countrys currency in foot ing of another currency 7. external shocks: unpredictable and unhoped changes in the external business environment that lean to fall all businesses in the saving, such as raw(a) disasters or wars; also knows as exogenous shocks 8. fiscal insurance policy: governing policies that deal with taxation and government expenditure in order to affect the level of economic activity 9.

Gross domesticated Product (GDP): the total value of a nations annual output, wage as an indicator of the level of economic activity in a country 10. indirect tax: a levy set(p) on the purchase of goods and services, such as sales taxes and bump around with duties ! 11. inflation: occurs when the general price level in an scrimping continously rises; calculated by measuring changes in the cost of a representative basket of goods and services purchased by the average rest home over a period of time 12. interest rate: a measure of the price of gold, expressed in terms of the centre charged for money that is borrowed or how much is offered on money that is saved 13. monetary policy: government...If you want to beget a total essay, order it on our website: OrderCustomPaper.com

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