Category: Business Essay Examples
See our collection of business essay examples. These example essays are to help you understanding how to write essays on business-related topics. The word “business” can refer to a particular organization or to an entire market sector (for example: “the financial sector”) or to the sum of all economic activity (“the business sector“). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services. Also, see our list of business essay topics to find the one that interests you.
The Kyoto Protocol to the United Nations Framework Convention on Climate Change is an agreement signed by a coalition of countries worldwide that are committed to reducing emissions and pollution in an international effort to stop the growing threat of global warming. Ratified in 2002, the legally binding …
Labor standards are multidimensional and vary from country to country depending on national institutions, economic interests, income level, stages of development, openness to trade, and economic, social, political, and cultural conditions. International labor standards refer to those labor principles, norms, conventions, and recommendations that do not depend on …
According to the Institute of Supply Management, landed cost is “the total accumulation of costs for an imported item, including purchase price plus freight, handling, duties, customs clearance and storage to a designated point of delivery.” A firm that focuses on the item’s initial purchase price alone may …
Also called a late follower or a later market entrant, a late mover is a firm that enters a market sometime after both the market pioneer(s) and after early follower firms. While there are no set guidelines in terms of the passage of chronological time that clearly differentiate …
While broadly defined by many, Latin America commonly is the region of the world in the Americas where Spanish or Portuguese are the primary language(s). This includes the countries of Mexico, most of Central and South America, Cuba, the Dominican Republic, and Puerto Rico. Often in the United …
Originally founded in 1918, the Republic of Latvia possessed one of Europe’s most modern economies and highest standards of living prior to World War II. Upon regaining independence in 1991, Latvia underwent a rapid transition from the centrally planned economy of the Soviet era to a highly modern, …
Leadership is the process whereby an individual influences a group of individuals to achieve a common goal. Leadership may be defined as a person embodying the will of a group; as a combination of special traits or characteristics that individuals possess enabling them to induce others to accomplish …
Lebanon has a liberal economy with free transfer of capital and goods. It is a small and service-based economy—services account for approximately 71 percent of its gross domestic product (GDP), which was estimated at $24.6 billion in 2007. The main economic sectors are financial services, tourism, commerce, manufacturing, …
Legal & General Group is one of the United Kingdom’s leading financial services companies. According to the Fortune Global 500 ranking for 2007, Legal & General Group is the ninth-highest ranked insurance company, although ranked only 162 overall. The company’s ordinary shares (stock) appear in the Financial Times …
Firms, as societal entities, operate in particular economic, political, and legal environments. The legal environment is a result of legislative intervention by the government (state) and the positive practices that are recognized and sanctioned by the positive law. Historically, the legal environment has usually been nationally defined, although …
Lenovo, originally known as Legend Group, is one of the largest personal computer (PC) manufacturers in the world. It employs more than 25,000 people and has more than 66 overseas branches, operating in more than 166 countries across six continents. Lenovo is the best-known brand in China and …
Wassily W. Leontief (1905–99) was the first scholar to empirically test the predictions of the HeckscherOhlin (H-O) theorem, one of four main results of the H-O model (credited to Eli Heckscher and Bertil Ohlin). This theorem establishes a relationship between a country’s abundance of factors of production, the …
Less industrialized countries are those that are also sometimes called developing countries, and can include emerging economies and failed states. These terms have essentially replaced the older Third World or Global South labels, but there is no strict agreement on the right way to distinguish between the advanced …
A letter of credit (LC) or documentary credit is a means of payment in a trade transaction that commits the issuer, usually a commercial bank, on behalf of its customer, a buyer, to pay a seller contingent on documentary evidence that the seller has met the terms and …
LG is a leading family-owned business conglomerate, called a chaebol, in South Korea. It was the first chaebol to adopt a holding company structure in 2001. The member companies carry out varied businesses including electronics, chemicals, and telecommunications. LG Electronics is the central company, placing special emphasis on …
LIBOR, or London Interbank Offered Rate, is the interest rate at which banks in London will lend large denomination Eurocurrency deposits to other banks for specific maturities. LIBOR is the ask price in a bid/ask spread interest rate quotation. The bid price is LIBID, or London Interbank Bid …
After two decades of isolation, Libya has reemerged as an extremely fertile investment opportunity for several reasons. First, Libya has historically been Europe’s gateway to Africa and an ideal steppingstone to enter emerging markets on the African continent. Second, after years of isolation, Libya is making investments in …
Licensing is generally considered a contractual arrangement or transaction in which one organization, called the licensor, permits the use of its intellectual property by another organization, called the licensee, in return for a fee or royalty payment. To grant a license is to permit the use of intellectual …
Lifestyle research stands at the boundary between a number of traditional academic disciplines, developing expertise from sociology and the social sciences in areas as distinct as business, retailing, marketing, understanding of consumers, and health and social care. The very diversity of fields and disciplines with an interest in …
The Linder hypothesis states that countries with similar per capita incomes tend to trade more intensively with each other. The claim originated in 1961 with Swedish economist Staffan Linder, who observed that countries with similar incomes also tend to have similar preferences. Domestic manufacturers that primarily produce for …
