People working in their own self-interest produce goods

Assignment Help HR Management

Reference no: EM132096647

1. Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:

foreign subsidiary.

licensing.

joint venture.

outsourcing.

2. How is it that people working in their own self-interest produce goods, services, and wealth for others?

The government pays entrepreneurs in the U.S. to produce goods, services, and wealth for others.

In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.

Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur's profit (as required by law) goes to the charity of one's choice to support the less fortunate.

By taking advantage of a vast supply of labor, people working in their own self-interest could hire others at very low wages.

Reference no: EM132096647

Questions Cloud

Describe your experience and your reaction to what you wrote : Write for one (1) minute using the stream of consciousness writing method.Describe your experience and your reaction to what you wrote.

How might they be different given another context : How might the experiences be similar and how might they be different given another context?

The architecture in egypt and the mesoamerican civilizations : What were the features of and the role played by the pyramids and other structures in each culture?

Write report on case study and discuss ethical implications : MN601 Network Project Management Assessment - Case Study Assignment. Melbourne Institute of Technology, Australia. Write a report on the case study

People working in their own self-interest produce goods : How is it that people working in their own self-interest produce goods, services, and wealth for others?

Executing the three core processes of business : What are Apple's company success in executing the three core processes of business: people, stratgey and operations?

Nine categories of risk response within the prince2 : Which response can be used for both threats and opportunities?

Company avoid short supply or carrying excessive inventory : What do you think is the best way to avoid any losses from demand variability? And how can a company avoid short supply or carrying excessive inventory?

Development of a new software product : What likely forms of risk would your project team face in either of these circumstances?

User Account

All Pages