How do the economic concepts in this course affect strategic planning?

Strategic planning

Based on your knowledge of strategy formation, how do the economic concepts in this course affect strategic planning? What is the time value of money? Provide an example from a business that might have used the concept of the time value of money to make investment decisions?

Provide a current real-life example of a trade restriction? Who ultimately pays the consequence of a tariff? What are some arguments for protectionism in the global economy?

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