4Firm Location AnalysisOffshoring promises substantial advantages like including new growth and opportunity; it has transformed our world and the benefits associated with operating globally prove why it’s essential for businesses. The risks, however, become decreasingless when only operating in the United States. The U.S. is a huge market but not solely self-sufficient; <Punctuation. Use semicolons to separate independent clauses. Note: Semicolons should be used before conjunctive adverbs and transitional phrases that join independent clauses. Conjunctive adverbs include: however, therefore, moreover,furthermore, thus, meanwhile, nonetheless, and otherwise; transition phrases include: in fact, for example, that is, for instance, in addition, in other words, on the other hand, and even so.>therefore it’s inevitable for Sanderson Farms to consider the benefits of working in Tthe United Kingdom as well as the opportunities available in building a new poultry processing complex in The United States. By knowing the influences that will impact Sanderson Farms, <Punctuation. Add comma. Use a comma to set off most introductory elements that begin sentences.>we can set our company up for success today as well as in the future. The United States’ economic reputation over the past decade has not been the greatest and has fluctuated over the years. However, this has been the situation with every other country in our world. It’s imperative to have a long-term business development strategy in place; this allows us to understand the risks/benefits associated with offshoring versus building an additional facility in the U.S. Let’s take into consideration the reasons why the United States would be a good place to build an additional facility before relocating across international borders. Productivity determines a country’s standard of living as of 2015 the United Sates GDP per capita
Fundamentals of Macroeconomics 2 Economics Economics can be used to explain human decisions in everyday life. Whether on a micro or macro level, different aspects of the economy affect how individuals make decisions and interact with others. This paper will explain some of the key terms in economics as well as discuss different types of activities that affect government, households, and businesses. Key Terms in Economics First, GDP refers to gross domestic product. It refers to the total values of goods and services produced within an economy in a certain period of time. In general, GDP is measured on a yearly basis. The main components of GDP will be consumption level, government spending, investments, as well as net exports minus imports. For most states, it is ideal to have a high GDP because it indicates a growing economy and a higher standard of living for the people. Next, GDP can either be real or nominal. Real GDP is inflation-adjusted GDP that reflects the value of goods and services in that particular year based on a base year. On the other hand, nominal GDP is non-inflation-adjusted GDP. This means that the value of goods and services is expressed in current prices (Mofatt). Unemployment rate refers to the percentage of individuals who are unemployed and searching for work in the current workforce. In all states, the government will try to reduce unemployment rate because unemployment can bring about other social problems such as poverty and homelessness. However, it is important to note that unemployment is never at 0% due to natural unemployment. In the United States, the current unemployment rate as of December 2012 is 7.8% (U.S. Bureau of Labor Statistics).