International Business Assignment 2 – Memo for Module 2 Nov 18‚ 2014 Nigeria: Opportunities at the Bottom of the Pyramid In Nigeria‚ 50 percent of population lived on less than one US dollar per day. Of this‚ 65 percent lived in rural areas. A direct result of this could be seen on the handset ownership among the rural poor (one percent). The absence of a reliable national electricity grid in these areas raised the issue of higher operating costs for the mobile service provider due to running
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Chapter 2—Understanding Politics‚ Laws‚ & Economics TRUE/FALSE 1. Formal and informal policies are popularly known as "the rules of the game." ANS: T PTS: 1 DIF: Moderate REF: p. 20 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 2. Two "pillars"—the regulatory and the normative pillar—support informal institutions. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities 3. Informal institutions
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BUS 350 International Business Assignment #2 Chandler OCT/30/2012 Answer1:Drawing on what we know about the Fisher effect‚ the real interest rate in both the US and South Korea is 2%. The international Fisher effect suggests that the exchange rate will change in an equal amount but in an opposite direction to the difference in nominal interest rates. Hence since the nominal interest rate is 3% higher in the US than in South Korea‚ the dollar should depreciate by 3% relative to the South
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1.Define globalization and international business and explain how they affect each other. 2.Why companies engage in international business and why the growth of international business has accelerated? 3.Explain the major causes of cultural differences and change. 4.Discuss the problems and methods of learning about cultural environments. 5.List and describe the various modes of international business as described in the text. 6. What is the different between licensing and franchising? 7.What
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Page 1 INTERNATIONAL BUSINESS: LECTURER MANUAL INTERNATIONAL BUSINESS: Challenges in a Changing World Janet Morrison LECTURER MANUAL © Janet Morrison‚ 2009. Page 2 INTERNATIONAL BUSINESS: LECTURER MANUAL Contents Introduction .......................................................................................................................3 Designing your course in international business .................
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1. What benefits have CEMEX and the other global competitors in cement derived from globalization? More broadly‚ how can cross-border activities add value in an industry as apparently localized as cement? (Question for Analysis) The oligopolistic nature of the cement business dictates the limited notion of business strategy‚ however CEMEX‚ one of very few cement producers found that through globalization‚ a variety of benefits can be obtained and utilized to their own. Expanding to the global
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QUESTIONS FOR GROUP PRESENTATION 1. Topic 1: Globalization What is globalization? Its main components? What are the drivers of globalization? How is the global economy changing? How is the above situation affecting Vietnamese companies’ operation? How should Vietnamese companies prepare to compete successfully globally? Present a case of a Vietnamese company who is active in globalizing its activities. 2. Topic 2: Difference in culture What is culture? What are the determinants of
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CEMEX is the largest cement manufacturer in Mexico and the third largest in the world. The current status of the company shows that it has expanded its business worldwide‚ in both northern and southern America‚ the Caribbean ‚ Europe ‚ Middle East and South East Asia . Despite the technological maturity and unique culture of the cement industry CEMEX and all the other competitors in the market have benefited from the process of globalization. According to the adding model template CEMEX
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5 Question No 1: Describe the four basic levels of international business activity.Do you think any organization will achieve the fourth level?Why or why not. Question No 2: For each of the four globalization strategies‚ describe the risks associated with that strategy and the potential returns from that strategy. __________________________________ Answer for question No 1: The four general levels of international business activity are: 1. Domestic business 2. International business
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Hill: International Business: Competing in the Global Marketplace‚ Sixth Edition V. The Strategy and Structure of International Business 14. Entry Strategy and Strategic Alliances © The McGraw−Hill Companies‚ 2007 229 14 Entry Strategy and Strategic Alliances Introduction Basic Entry Decisions Which Foreign Markets? Timing of Entry Scale of Entry and Strategic Commitments Summary Entry Modes Exporting Turnkey Projects Licensing Franchising Joint Ventures Wholly Owned Subsidiaries
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