International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Political change in Asia, for example, could result in an increase in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an increase in the price that you have to pay to buy the tennis shoes at your local mall. A decrease in the cost of labor, on the other hand, would result in you having to pay less for your new shoes.
Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country’s current account in the balance of payments.
Aboriginal health” means not just the physical well-being of an individual but refers to the social, emotional and cultural well-being of the whole Community in which each individual is able to achieve their full potential as a human being thereby bringing about the total well-being of their Community.
Business Administration is a branch of Business & Management and, basically, even if you are a Bachelor’s or a Master’s degree alumni, you will have to learn how to keep track of performance within a company and apply major decisions – all of these actions having the sole purpose of creating a better and more profitable business.
There may not be a more interdisciplinary degree than a Business Administration degree, seeing as it combines theoretical constructs and practical solutions with notions of Finance, Economics, Human Resources, Marketing, Information Systems, Accounting, and Law.
As a graduate of a Bachelor’s or Master’s in Business Administration (BBA or MBA), your job offers will be varied and quite impressive, seeing how you can become a:
• Business Owner
• Risk Management Consultant
• Financial Planner
• Purchasing Agent
• Research Analyst
• Marketing Representative
• Quality Assurance Specialist
• Office Manager
Business Information Systems (BIS) comprises the analysis and organization of business information through the application of technology. As such it blends core concepts of management, operations and information systems theory with computer science and engineering methods and technologies to manage an organization’s data.
‘Information,’ is a funny thing. Unlike material commodities it can be used without reducing the original resource. Also, the cost for storing and transporting information is low and advances in technology throughout history, from the invention of the printing press to the advancement of the World Wide Web and mobile and cloud computing, have pushed these costs ever lower. At the same time, it has become ever easier to manipulate and distribute this information.
Studying information systems involves, among other things, learning how to design, build and evaluate these systems. To do this, we must develop an intricate understanding of the information needs of the organization, the business processes that generate and consume information, the roles of people and working groups in these processes and the efficiency of these processes. We furthermore must develop a thorough understanding of the nature of the data involved including the data’s structure, persistence, transience, ownership and binary nature. Based on this understanding, supplemented with a good grasp of the available technologies, we can then design and build a set of technical and managerial tools that contribute to a problem’s solution or the realization of a business opportunity.
Studying business information systems also involves learning about the various organizations involved in the development and standardization of information technologies and the implications of the technical choices organizations make. This implies that we must learn how to evaluate and measure the effects of these choices on the behavior and performance of the host organizations.
The Business Information Systems degree at OSU prepares you for a career in business information systems. The program provides a solid foundation in business administration, to which the Business Information Systems courses add an emphasis on business information systems. Graduates from the college’s Business Information Systems program have widely varying careers. A few choose to become software developers, but most others become business process analysts, quality control managers, data modelers, teachers (yes, it happens!), systems analysts, software compliance testers, or something else entirely. Some students, especially those with dual degrees, find ways to specialize in the business information systems aspects of another business discipline. An example would be those with a double Accounting and Business Information Systems degree who establish a career in accounting information systems or information systems auditing.
The principles of law governing these transactions form the commercial law. It is thelaw governing individuals engaged in the manufacture and distribution of objects, for the sake of a pro- fit. The civil law is the law governing individuals in their relations to each other who are not so engaged.
Commerce relates to “the exchange of goods and services, especially on a large scale.” Commerce includes legal, economic, political, social, cultural and technological systems that operate in any country or internationally.
If you dream of a career as an Interactive Media Manager, Social Media Manager, Videographer, Online Publisher, Media Producer, Content Marketer or Digital Project Manager this course is for you.
You will be taught and mentored by industry experts who are currently working as content producers, online media producers, media project managers and digital executives. You will undertake fundamental units in web design, videography, graphic design, photography and copywriting, alongside subjects in brand strategy and user experience. Students will work with real clients in a studio environment to develop industry relationships and their own portfolio of work.
Students will graduate with a well-rounded understanding of the content creation and marketing industries in Australia and overseas.
E-commerce is the activity of buying or selling of products on online services or over the internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collectionsystems.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music download in the form of digital distribution such as iTunes Store), and to a less extent, customized/personalized online liquor store inventory services. There are three areas of e-commerce: online retailing, electric markets, and online auctions. E-commerce is supported by electronic business.
E-commerce businesses may also employ some or all of the followings:
- Online shopping for retail sales direct to consumers via Web sites and mobile apps, and conversational commerce via live chat, chatbots, and voice assistants
- Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
- Business-to-business buying and selling;
- Gathering and using demographic data through web contacts and social media
- Business-to-business (B2B) electronic data interchange
- Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
- Engaging in pretail for launching new products and services
- Online financial exchanges for currency exchanges or trading purposes.
economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law. In the Law of the United States and some other legal systems this approximately corresponds to the commercial law (business law).
Economic statistics is a topic in applied statistics that concerns the collection, processing, compilation, dissemination, and analysis of economic data. It is also common to call the data themselves ‘economic statistics’, but for this usage see economic data. The data of concern to economic statistics may include those of an economy of region, country, or group of countries. Economic statistics may also refer to a subtopic of official statistics for data produced by official organizations (e.g. national statistical services, intergovernmental organizations such as United Nations, European Union or OECD, central banks, ministries, etc.). Analyses within economic statistics both make use of and provide the empirical data needed in economic research, whether descriptive or econometric. They are a key input for decision making as to economic policy. The subject includes statistical analysis of topics and problems in microeconomics, macroeconomics, business, finance, forecasting, data quality, and policy evaluation. It also includes such considerations as what data to collect in order to quantify some particular aspect of an economy and of how best to collect in any given instance
Economic systems is the branch of economics that studies the methods and institutions by which societies determine the ownership, direction, and allocation of economic resources. An economic system of a society is the unit of analysis.