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Making compromises implies always to compare costs and benefices. What you earn represent the benefice, which usually depend on the personal preferences of a person and what you sacrifice represents the cost. The opportunity cost is the cost of the best alternative at which is given up when a...
Persistent link: https://www.econbiz.de/10008837558
In a highly competitive global economy, improved access to financing by innovative small and medium-sized enterprises has become essential for enhancing competitiveness and meeting the objectives of the Lisbon Partnership for Growth and Jobs. Although venture capital is a small part of the...
Persistent link: https://www.econbiz.de/10009643800
There is a close link between economic performance and increasing internationalization of SMEs. International … activities increase competitiveness and ensure long-term development of enterprises. However, European SMEs still depend largely … study realized in 2009 by the European Commission reveals that internationalization creates more jobs: SMEs active in …
Persistent link: https://www.econbiz.de/10008837553
Within the contemporary economic conditions, enterprises might achieve a competitive advantage if only they sell goods and services with high quality and lower prices. Customers, usually, prefer quality goods with acceptable prices, while such goods create reputation with the particular brand....
Persistent link: https://www.econbiz.de/10008459913
Environmental adaptation and behavioral integration are two major problems the organization of this beginning of century is confronting with. Organizational culture is one of the solutions to solving these problems. The paper presents the characteristics of organizational culture and the degree...
Persistent link: https://www.econbiz.de/10008459916