... the mean time, Cooper Industries was considering a $700 million bid for Cameron Iron Works. Even though purchasing either or both companies will give operational and organizational advantages, there were high financial risks involved. Undertaking both acquisitions would result in a 55% to 60% debt to capitalization ratio. ANALYSIS: Cooper Industries acquired more than 60 manufacturing companies over a thirty year span in order to increase the size and the scope of the company. Most of the acquired companies made it possible for Cooper to be independent of the outside environment and giving full control of the ma ...

... uncharted foreign waters. This becomes very evident as one begins to study the international cola wars. The domestic cola war between Coca-Cola and Pepsi is still raging. However, the two soft-drink giants also recognize that opportunities for growth in many of the mature markets have slowed. Both Coca- Cola, which sold 10 billion cases of soft-drinks in 1992, and Pepsi now find themselves asking, "Where will sales of the next 10 billion cases come from?" The answer lies in the developing world, where income levels and appetites for Western products are at an all time high. Often, the company that gets into ...

... to this. One advantage is that you are set in a business and really do not have to worry what you are going to do when you get older. But on the other hand there is a disadvantage, being handed down the family business, you are set in that business for basically life and and there is a lack of progress. And progress is the origin of new goods and services. When dealing with command there is always going to be someone who is in charge, the one with all the power, the one who says you do this. Command and slavery are tied together. Central authority can help economic progress. Markets are systems that allows ...

... the baht to plummet more than 20%. In August of 1997 IMF responded by approving a $17.2 billion bailout package. After investigation by the IMF they concluded that hedge funds also played a role in Thailand's financial crisis. As a result of multibillion-dollar overhang, Thai business remains paralyzed with frozen cash flow. Also affected are the private sectors and the countries banking system. The private sector carries huge debt because of the crisis. Andrew Maule a banking analyst at ABN Amro Asia Securities states, "It's quite realistic to assume that non-performing loans will hit 50 percent. Ultim ...

... survival of the philippine economy depends on the united States. We purchase almost all of the sugar exports, most of the coconut oil, embroidery, at least half of the base metals, and a fourth of the lumber. The United States supplies most of the Philippine imports of machinery, dairy products, cotton, papers, drugs, automobiles and much or the petroleum products. Although countries like Japan, Canada Australia, and New Zealand are getting more and more involved in trade with the Philippines, America remains to be the Philippines most important trading partner. When America acquired the Philippines and establishe ...

... nations. This is used so that the countries involved in NAFTA can still trade with other countries around the world. Next, a common market maintains a customs union and seeks to bring all trade rules into agreement. Finally, in a free trade area participants agree to trade among themselves without tariffs or trade restrictions. This free trade area is the most important goal that NAFTA is trying to acheive. Since its creation in 1994, NAFTA has been a huge success for all three countries involved. Trade has become much easier and has increased tremendously between these countries. For example, after NA ...

... high. International companies are discovering what firms in the United States have known for decades: it pays to invest in Canada. There is a government commitment to attract foreign direct investment. Canada's government provides a competitive, welcoming climate for international business. It is committed to fiscal responsibility, deficit reduction and job creation. The following are some essential points all of which prove Canada is a favorable choice: Domestic market; wage competitiveness; work force quality; International business skills; raw materials; energy costs; infrastructure; business services and legal e ...

... all the leading economic indicators improved during his tenure. To understand the Great Depression, it is important to know the theories of John Maynard Keynes. Keynes is known as the "father of modern economics" because he was the first to accurately describe some of the causes and cures for recessions and depressions. In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough; but times become toughe ...

... one year of professional training in mortuary science, and completion of an apprenticeship. "Upon completing a state board licensing exam, new funeral directors are qualified to join the staff of a funeral home. In many states successful completion of a national examination given by the National Conference of Examining boards will qualify you for licensure"(IRN 10). In different states the undergraduate college credit varies considerably, one-third of the states require one year; another third wants two years; and the other third requires three years of credit(IRN 9). A concentration of courses is also required ...

... of living, we must look to our "Gross National Product", which is the complete measure of our nations output. Unfortunately, inflation is a major problem in our nation which often reduces the Gross National Product. Inflation occurs when the goods become too high within society and spending decreases. A central function within our economic system is satisfying the needs of the consumers with the use of limited supplies. The purpose of a business is to combine resources such as land, labor, and capital in a way that will make them more valuable. Operating in a political and economic climate that supports in ...