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What do we consider a shock in global business? O Development of a new technology that is an incremental innovation. A piece of news about an event that was

What do we consider a shock in global business? O Development of a new technology that is an incremental innovation. A piece of news about an event that was

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What do we consider a shock in global business? O Development of a new technology that is an incremental innovation. O A piece of news about an event that was expected to occur. O The shift of labor-intensive manufacturing operations from home markets to developing nations. Very large disruptions that cause a significant loss in a company's operations.
Transcribed Image Text:What do we consider a shock in global business? O Development of a new technology that is an incremental innovation. O A piece of news about an event that was expected to occur. O The shift of labor-intensive manufacturing operations from home markets to developing nations. Very large disruptions that cause a significant loss in a company's operations.
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Introduction

A Shock refers to an unexpected or non-predictable event that affects an economy, either positively or negatively. Technically we can say, it is an unpredictable change in exogenous factors.

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