ECO305-0804B-09 Global Managerial Economics David Kerby December 3‚ 2008 PHASE 1 DISCUSSION BOARD2 When is international trade an opportunity for workers? When is it a threat to workers? International trade is rewarding as it is unsatisfying when it comes to the average worker. When a new business is started for that region or area jobs are expanded merely because it is expected that it will be at a rate of lower cost production along with less expense on product materials. The more the business is in demand
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Discuss the advantages / disadvantages of standardized international marketing Advantages Standardization is the process by which a company makes it methods‚ especially its production processes‚ uniform/identical throughout its organization. Whereas for adaptation‚ a company would change their methods such as the price‚ promotion‚ packaging and/or the product itself in order to fit the needs and preferences of the market or a particular country. Adaptation occurs when any element of the marketing
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RISK ANANLYSIS AND REVIEW OF COMPEPTITIVE ENVIRONMENT "o"oFOR DUBAI AND ITS BURJ AL ARAB HOTEL INTRODUCTION Hotels are world-beaters. They provide people comfort and luxury with over the edge technology. How do hotels function in this vast competitive market of travel and tourism? How do hotels operate by inculcating all the diversity and varied factors of globalisation? How do they develop themselves into a successful establishment by gaining an edge over its competitors? Dubai and its Burj AL
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Globalisation is a positive force in the world. Discuss. In recent years‚ amongst all the claims and counterclaims‚ the argument over whether globalisation is a positive force or not has become rather controversial. Advocates claim globalisation facilitates economic growth‚ international financial integration‚ and cooperation between nations while critics vigorously argue that globalisation leads to a fierce exploitation of the labour class‚ a disparity between rich and poor‚ and a concentration
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Environmental Threats Global Problems Sea Level Rising At present‚ sea levels around the world are rising. Current sea level rise potentially impacts human populations and the natural environment. Global average sea level rose at an average rate of around 1.7 ± 0.3 mm per year over 1950 to 2009 and at a satellite-measured average rate of about 3.3 ± 0.4 mm per year from 1993 to 2009‚[01] an increase on earlier estimates.[02] Climate change Destructive sudden heavy rains‚ intense tropical
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The reasons your credit score fluctuates Applying for a new credit All credit cards have limits depending on how you use it. A new card may have a lower score. However‚ when you cancel all the past cards‚ it affects your score negatively. So‚ therefore‚ when applying for a new card‚ keep the limits in mind. Payment history You must repay your loans on time. Missed payments are recorded on your file for around seven years. So‚ therefore make sure you never miss the date of repayment of your debt
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MARKETING MANAGEMENT -MB- 0046 Q.1. Discuss the different marketing concepts with its merits and drawbacks Ans: Marketing is a set of business activities that facilitate movement of goods and services from producer to consumer. It is an ongoing process of discovering and translating consumer needs into products and services‚ creating demands for them‚ serving the customer and his demand through a marketing programme of promotion and distribution to fulfill the company’s marketing goals in a
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FOREIGN EXCHANGE CONTROL Foreign Exchange Control refers to the control of international monetary and economic transactions involving foreign exchange either by government directly or a centralized agency like central bank. These are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Common foreign exchange controls include: Banning the use of foreign currency within the country
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They submitted forged documents after which the bank invested in their company. Afterwards the bank learnt that the submitted documents were forged and they had been cheated. The bank approached the Mumbai police for help. Joint commissioner of police (crime)‚ Himanshu Roy‚ said‚ "After conducting initial inquiry on their complaint‚ prima facie we found about the cheating. We registered the case for further investigation." A Mumbai based company‚ which has a branch in Dubai‚ had approached
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Summary of Chapter 5 - International Marketing - Jae Hyun Kim (4913920) In chapter 5‚ the management style‚ which is a set of the business culture‚ management values‚ and business methods and behaviors‚ and business systems are important concepts. With those two factors’ close relationship to distinctive cultural aspects of countries throughout the world‚ how different dimensions of cultural aspects affect the formation of the management style and business systems is the main point that
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