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Textbooks / Business / Understanding Business Strategy Concepts Plus 3

Understanding Business Strategy Concepts Plus 3rd Edition Solutions

Do I need to buy Understanding Business Strategy Concepts Plus | 3rd Edition to pass the class?

ISBN: 9780538476812

Understanding Business Strategy Concepts Plus | 3rd Edition - Solutions by Chapter

Do I need to buy this book?
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78% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

Understanding Business Strategy Concepts Plus 3rd Edition Student Assesment

Dennise from University of Georgia said

"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: Understanding Business Strategy Concepts Plus
Edition: 3
Author: R. Duane Ireland; Robert E. Hoskisson; Michael A. Hitt
ISBN: 9780538476812

The full step-by-step solution to problem in Understanding Business Strategy Concepts Plus were answered by , our top Business solution expert on 10/03/18, 03:08PM. Understanding Business Strategy Concepts Plus was written by and is associated to the ISBN: 9780538476812. Since problems from 0 chapters in Understanding Business Strategy Concepts Plus have been answered, more than 200 students have viewed full step-by-step answer. This expansive textbook survival guide covers the following chapters: 0. This textbook survival guide was created for the textbook: Understanding Business Strategy Concepts Plus, edition: 3.

Key Business Terms and definitions covered in this textbook
  • average variable cost

    variable cost divided by the quantity of output

  • bank capital

    the resources a bank’s owners have put into the institution

  • commodity money

    money that takes the form of a commodity with intrinsic value

  • efficient markets hypothesis

    the theory that asset prices reflect all publicly available information about the value of an asset

  • human capital

    the knowledge and skills that workers acquire through education, training, and experience

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • inferior good

    a good for which, other things being equal, an increase in income leads to a decrease in demand

  • leverage

    the use of borrowed money to supplement existing funds for purposes of investment

  • leverage ratio

    the ratio of assets to bank capital

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • market

    a group of buyers and sellers of a particular good or service

  • net capital outflow

    the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • poverty rate

    the percentage of the population whose family income falls below an absolute level called the poverty line

  • recession

    a period of declining real incomes and rising unemployment

  • rivalry in consumption

    the property of a good whereby one person’s use diminishes other people’s use

  • substitution effect

    the change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution

  • surplus

    a situation in which quantity supplied is greater than quantity demanded

  • tax incidence

    the manner in which the burden of a tax is shared among participants in a market