Week 2 (7) Trade and Comparative Advantage Chapter 3 Problem set Exercise 2.1 Assume there are just two countries in the world‚ i.e. the European Union (EU) and the Rest of the World (RW). Both countries produce and consume 2 products: bicycles (b) and apples (a). Per bike‚ the EU puts in 3 hours of labour while the RW puts in 5. Per ton of apples‚ the EU needs 2 hours v. the RW 1 hour of labour. A further given is that the EU has 2400 hours of labour available v. RW 1600. The world
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Subway: Competitive Advantages and Disadvantages Subway prides themselves on their sandwiches -- custom-made on freshly baked breads‚ Subway sandwich shops provide fresh‚ great-tasting ’made to order’ subs‚ salads and wraps‚ with extraordinary customer service and value. Millions of customers think of Subway shops sandwich options (including ’8 under 6’ grams of fat) along with spokesman Jared Fogle -- as their preferred fast food choice for intelligent eating habits. The Subway chain
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Advantages & Disadvantages of Living Abroad There are many reasons a person may end up living abroad: military service‚ work requirements‚ marriage and higher education‚ to name a few. It is an exciting prospect but can be a daunting one‚ as well. There are pros and cons to becoming an expatriate‚ so be sure to weigh each side before making the big move. Culture * At first‚ adapting to your new country may be met with many challenges as you try to get used to the different culture. Everything
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Data Marts Advantages The implementation of data marts enable users to gain faster access to common data utilizing a technique called dimensional data modeling‚ which optimizes data for reports. For example‚ since data is prepared in common format‚ users with little or not training at all‚ can browse a data mart and obtain information as needed. Data marts can improve end user response time‚ as it contains raw data which allows computer systems to focus on a single task‚ thus‚ improving performance
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INTERNATIONAL BUSINESS AND THE FACTORS AFFECTING ITS GROWTH International business and the global economy play a prominent role in the society. Both have assisted in improving the communication between various countries‚ both the poor and rich economies of the world. _International business _consists of business transactions‚ which involves various countries‚ whereby they exchange different goods or services through the process of buying and selling. (Hill‚ 2006). International business also
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International Business Lecture Notes Collin Starkweather1 September 2012 1 Copyright c Collin Starkweather 2012. All rights reserved. 2 Contents 1 International Business Culture and Practices 1.1 Values . . . . . . . . . . . . . . . . . . . . 1.2 The Determinants of Culture . . . . . . . . 1.2.1 Hofstede’s Cultural Dimensions . . . 1.2.2 Trompenaars’s Cultural Dimensions 1.2.3 Country Clusters . . . . . . . . . . . 1.3 Social Stratification . . . . . . . . . . . . . 1.4 Cultural
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SAMPLE CASE STUDIES – International Business Case Study 1 - Documentary Credit M/S Auto India Introduction M/S Auto India is a public limited company; they manufacture SUVs (sports utility vehicle)‚ in technical collaboration with General Motors of USA. The company has established their manufacturing base at Ranjangaon in Pune. They have acquired an area of 250 acres and the total project cost is estimated at Rs 1500 crores. As per the projections‚ the company is slated to achieve a 25% market
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about the advantages and disadvantages of mobile phone. In today’s global environment‚ technology is very important to all of us. Living‚ working are all in need of technology. We use technology to communicate‚ improve general knowledge and much more. As many things have been developed‚ from year to year‚ century to century‚ the world has became unique. But the most popular gadget is mobile phone‚ which make us easy to communicate with each other globally. In spite of its advantages‚ there’re
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The Motives for International Acquisitions: Capability Procurements‚ Strategic Considerations‚ and the Role of Ownership Structures Author(s): Shih-Fen S. Chen Reviewed work(s): Source: Journal of International Business Studies‚ Vol. 39‚ No. 3 (Apr. - May‚ 2008)‚ pp. 454471 Published by: Palgrave Macmillan Journals Stable URL: http://www.jstor.org/stable/25483277 . Accessed: 28/02/2013 12:46 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at .
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airplane of Wright Brothers‚ the aviation has had a dramatic development. Nowadays‚ many people choose airplane instead of other modes of transports when they go for holidays‚ or for business activities and commercial purposes thanks to many advantages that such flights bring to. However‚ there are also disadvantages about this type of transport. This essay will present both some benefits and drawbacks of such flights. First of all‚ the popularity of flying has good impacts on both local and global
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