Eligibility criteria for setting up a branch or liaison office center on the track record and net worth
of the foreign head office. For a branch, the head office must have a profit-making track record in
its home country during the immediately preceding five financial years (three years for a liaison
office). The net worth of the foreign head office cannot be less than USD 100,000 or its
equivalent to establish a branch (USD 50,000 or its equivalent to establish a liaison office).
PRESENT VALUE A N D T H E OPPORTUNITY COST OF CAPITAL
These include tangible assets such as plant and machinery and intangible assets such as management contracts and patents. The object of the investment, or capital budgeting, decision is to find real assets that are worth more than they cost.
Management in all business areas and organisational activities are the acts of getting people
together to accomplish desired goals and objectives. Service is intangible, therefore, it is not
too easy to define the theory application in varieties of service industries. Service Management
usually incorporates automated systems along with skilled labour; it also provides service
Chapter 3 - The internal environment: Resources, capabilities and core competencies. The learning objectives for this chapter include: Explain the need for firms to study and understand their internal environment, define value and discuss its importance, describe the differences between tangible and intangible resources,...