Introduction Oil in its purest state is known as Crude oil and is located in the earth's geological foundation. When extracted from the earth a range of bi-products can be obtained; gasoline, jet fuel, diesel and petroleum to name a few. Crude oil was discovered in north western Pennsylvania in 1859, through the process of well-drilling (Podolny & Roberts, 1998). The market for this product developed initially due to conservation concerns dealing with the close extinction of whales and the vi...
Demand can be defined as the quantity of a product or service that is desired by buyers. Thus, the quantity demanded represents the amount of the product that people are willing and able to buy at a certain price. Demand relationship is the name given to the relationship between the price and quantity demanded. Supply can be described as how much the market can offer. The supplied quantity is the amount of acertain good that producers are willing to supply in exchange for a given price. The s...
On behalf of investigating an appropriate market for manufacturing and selling fair trade chocolate, Spain is considered to have attention of the confectionary companies. At the beginning of research, Spain seemed to be attractive because Spain was the seventh largest economy among Organisation for Economic Cooperation and Development (OECD) countries with GDP per capita of $31,831 in 2007 (Bureau of European and Eurasian Affairs, 2008). In this report, risks and opportunities of manufacturin...
ABSTRACT: Writing and researching in the field of Corporate Social Responsibility and Corporate Governance inevitably involves a lot of intelligent and creative thinkers since Corporate Social Responsibility and its link to corporate governance is a much discussed and debated subject in contemporary business. Similarly, differences in financial and corporate governance systems across countries have resulted in making some economies more successful than others. For instance, the United States ...
Kalpataru Power Limited: KPL is a part of the Kalpataru Group. At present approximately 40% of its order book is from international markets. The company's strategy is to enter various business segments like T&D, Oil and Gas pipelines, Construction, Logistics etc. and hasten penetration.A strong order book, favorable industry outlook and lower input prices will drive Kalpataru Power's earnings in the coming years. The first quarter results of FY11 have reported profit after tax (PAT) of Rs 36....
The Bretton Woods System began in 1944 with the United Nations Monetary and Financial Conference, and established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). In the new agreement on the monetary system there was an obligation for each country to adopt economic policies that maintained the exchange rate of its currency within a fixed value-plus or minus one percent-in terms of gold and for the IMF to help support countries sufferi...
A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease and vice versa. Law Of Demand This law summarizes the effect price changes have on consumer behavior. For example, a consumer will purchase more pizzas if the price of pizza falls. The opposite is true if the price of pizza increases. people generally buy more of a good when the price is low and less of it when the price is hig...
History provides us with a natural comparison. Beginning in the nineteenth century, the world saw a remarkable rise in international trade that came to a grinding halt during World War I and later on in the wake of the Great Depression. This "first wave of globalization" from about 1870 until 1913 led to a degree of international integration - measured by trade-to-output ratios - which many countries only achieved again in the mid-1990s. Taking a comparative perspective, we juxtapose the firs...
According to the UNESCO, the term migration can be defined as the crossing of the boundary of a political or administrative unit for a certain minimum period of time, in which it includes the movement of refugees, displaced persons, uprooted people as well as economic migrant (Social and Human Sciences: Migrant/Migration 2013, para. 1 of 7). On the other hand, The United Nations Convention on the Rights of Migrants also exemplifies a migrant worker as a "person who is to be engaged, is engage...
The term multinational consists of two different words, 'multi' and 'national'. Multi means many while the word national refers to nations or countries. Therefore a multinational company means a company that has head quarters in one country but which has operations in one or more countries. While examining the emergence and evolution of Multinational Enterprise (MNEs), it is clear that MNEs rapidly spread since the Second World War due to investments in resource based activities and import su...