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Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

7.1 Ownership and Governance of Firms

A firm may be owned by a government, by other firms, by private individuals, or by some combination. A country’s legal and governmental system affects whether firms are privately owned, how owners run firms, and whether or not they pursue profits.

Private, Public, and Nonprofit Firms

Atheism is a non-prophet organization.

—George Carlin

Firms operate in the private sector, the public sector, or the nonprofit sector. The private sector—sometimes referred to as the for-profit private sector or for-profit sector—consists of firms that are owned by individuals or other nongovernmental entities and whose owners may earn a profit. Most of the firms that we discuss throughout this book—such as Apple, Nike, and Toyota—belong ...

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Publisher Resources

ISBN: 9780134472553