The early trading companies did differ strikingly from modern multinationals in many respects. They depended heavily on the national governments of their home countries and thus characteristically acted abroad to promote national interests. Their top managers were typically owners with a substantial minority share, whereas senior managers’ holdings in modern multinationals are usually insignificant. They operated in a preindustrial world, grafting a system of capitalist international trade onto a premodern system of artisan and peasant production. Despite these differences, however, early trading companies organized effectively in remarkably modern ways and merit further study as analogues of more modern structures. They operated in a pre-industrial world, grafting a system of capitalist international trade onto a pre-modern system of artisan and peasant production.

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is a strong answer, and the other four are, for one reason or another, unacceptable. First of all, « according to the author » and « according to the passage » are essentially the same thing, as least as far as GMAT RC is concerned. For 7 days from May 31 to Jun 6, type Coupon Code « SUCCESS2  » at check out to get 20% off from the original price. This is your chance to score an excellent Q49-51 just like 70% of our students. In the last episode modern trading company of #Wharton series, Paul will talk about #Wharton TBD, how is it conducted, what to expect in TBD & PI, what is 1-min pitch, and how to present yourself in the team discussion & personal interview. In this session with eGMAT Verbal Expert, Stacey Trepanier, we will learn to solve challenging verb questions in GMAT sentence correction using Storytelling Approach and understand how to choose the right verbs to communicate meaning.

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Modern Trading Company

Most ordinary folks are just not going to be interested in an obscure niche of history like this. If I person actively studies it, reading book after book about the topic, then it’s likely that person is a professor or graduate student — in other words, a scholar. Scholars are the folks modern trading company who study the obscure topics that most folks don’t find engaging or accessible. — this is a strong candidate for the correct answer. This clearly suggests that modern multinationals are not governed by the national interest of their home countries whereas early trading companies were.

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You always need to be working at the level of ideas, not just words. The second sentence quoted says quite clearly that, because of this complex level of detail, those early trading companies needed « management. » This is solid evidence for . The passage didn’t really talk about the success of chartered trading companies, or what contributed or didn’t contribute to their success. Most items come with a limited manufacturer’s warranty. The addition of a Walmart Protection Plan adds extra protection from the date of purchase. Walmart Protection Plans cover the total cost of repair, or replacement, for products, as well as covering delivery charges for the exchange.

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Modern Gents Is The Way To Go

early chartered trading companies should be more seriously considered by scholars studying the origins of modern multinationals – seems best of the lot. in first para such companies were not important for author, but later they were, proved in p3. « Despite these differences, however, early trading companies organized effectively in remarkably modern ways and merit further study as analogues of more modern structures. » The author argues against that in paragraph 3. as having originated when the owner-managers of nineteenth-century British firms carrying on international trade were replaced by teams of salaried managers organized into hierarchies. Lines to read – The large volume of transactions associated with these activities seems to have necessitated hierarchical management structures well before the advent of modern communications and transportation.

BY Michael Sheetz