We give the original definition of the balance of payments from the 5 edition of the “Balance of Payments Manual” (Article 13). IMF definition. “The balance sheet is a statistical report, where the total data on the foreign economic operations of a given country with other countries of the world for a certain period of […]
Tag: Financial
Strategies for uncompetitive companies and companies in crisis
For a company that is on the decline and losing its competitive position, it is advisable to choose one of the following four strategies. A company with sufficient financial resources can apply an offensive strategy for overcoming the crisis: radically reduce costs or go for an original differentiation of goods; by investing money and talent […]