ofthe Basel II framework and introduced a number of safeguards to address excess cyclicality ofthe minimum requirement. They include the requirement to use long term data horizons to estimate probabilities of default, the introduction of so called downturn loss-given-default (LGD) estimates and the appropriate calibration ofthe risk functions, which convert loss estimates into regulatory capit
(1) What is Franchise
The Franchise system is a form that headquarters control markets tightly by contract of franchises. Franchise is getting effect of management such as enterprise under direct management by doing mutual cooperation and sharing functions by contract among independent operators having individual capital.
The contract of franchise includes rights associa
of Buyers
High
Threat of Substitute Products or Services
High
The current market for shoes is defined by 4 main categories: casual, athletic, dress, and rugged. Casual shoes account for 52% ofthemarket, and this would include TOMS shoes.
Table 2-2 Details of 5 Force Model
Threat of
New Entrants -It is not technology industry, but capital-intensive industries
- Because it requires
the microscopic point of view, government adjust the rights ofthe disabled and private company. In the macro perspective, the policy achieve harmony in the economic order.
However there is environment change such as Changes in disability criteria, Rapid increase in population disability. The most important thing is the alienation of people with severe disabilities in the labor market. Because M
the effectiveness of competition, we should avoid all aspects ofthe inferior enterprises
T3——W4:Actively marketing, keep our corporate good identity and avoid the threat of political environment.
T4——W1、W3、W4: More environmentally friendly manufacturing process, environmental protection product, supply and environmental concept in marketing.
5. Market
of investor protection
Permission of draft settlement business to the security company
Implement a complementary and comprehensive plan
Start with principle of ‘Economy of scale’
Achieving global competitiveness and lower costs by increasing size and volume
Recovery ofcapital brokerage functionof banks
Training the financial experts
Employing financial managers that are able to main
the first place, and the other newcomers, such as FILA Korea, Prospecs, Sketchers etc., who has the equal technological level compared with the top 3. But LECAF is also an old hand in footwear-concerned industry. Therefore our wide store distribution, high technological level, and enough capital would set the new era of LECAF, which LECAF has a large pecentage ofmarket share offunctional footwe
the legal environment ofthe accounting industry. The legal environment is the most influential factor affecting accounting firms shaping their HR systems and practices.
Samil’s assurance LoS traditionally focuses on auditing, which is still the primary source of revenue to the firm. Since auditing is a social mechanism to supervise and support thecapital market, strict legal provisions were
ofthemarket.
조작 : 시장을 장악하기 위해 가격을 낮춤으로써 카르텔(기업연합)의 협정을 어기는 것
55. Circular flow of income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소
market
A common market is a customs union with common policies on product regulation, and freedom of movement of all the three factors of production (land, capital and labour) and of enterprise.
Economic and monetary union
An economic and monetary union is a single market with a common currency
Complete economic integration
Complete economic integration is the final stage of economic i