COMPILED International Business BY: VISHAL KADAM Q) What is International Business? What are its importance? Q) Distinguish between International & Domestic Trade? Distinction between internal and international trade Distinction between internal and international trade in general involves transaction for mutual benefit For this reason both the trading parties will have equal interest. Trade is a case of geographic specific area. An area specialises in an activity and trade takes place
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C apital market is one of the most important segments of the financial system all over the world. It is the market available to the companies for meeting their requirements of the long-term funds. It refers to all the facilities and the institutional arrangements for borrowing and lending funds. In other words‚ it is concerned with the raising of money capital for purposes of making long-term investments. The market consists of a number of individuals and institutions (including the Government)
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MKTG 680-01: International Marketing‚ Spring 2006 Exam 2 Review Questions • • • Note: These questions are illustrative. In addition to studying this set‚ you should also consult the relevant chapters of your text and your lectures notes. Review this set and feel free to discuss with me‚ should you have any questions or concerns. Chapter 10 – Product and Brand Decisions 1. Generally speaking‚ which of the following statements is true concerning product attributes: a. Tangible product attributes
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n UNIVERSITI TUNKU ABDUL RAHMAN (UTAR) FACULTY OF BUSINESS AND FINANCE Unit Plan 1. Unit Code & Unit Title: UBMB3013 INTERNATIONAL BUSINESS 2. Course of Study: Bachelor of Business Administration (Hons) Bachelor of Marketing (Hons) Bachelor of Business Administration (Hons) Entrepreneurship 3. Year of Study: Year One‚ Year Two & Year Three 4. Year and Trimester: 201105 5. 6. Credit Hour 3 credit hours Lecturing hours and Tutoring hours 2 hours lecture once
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Pricing productsIntroduction Products and services have a price just as they have a value. Many non-profit and all profit-making organizations must also set prices. Pricing is controversial and goes by many names: Price is all around us. You pay rent for your apartment‚ tuition for your education. The airline‚ railway‚ taxi and bus companies charge you a/are; the local utilities call their price a rate; and the local bank charges you interest for the money you borrow ; the guest lecturer charges
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Chapter 6 International trade and Investment Trade: the voluntary exchange of goods‚ services‚ assets‚ or money between one person or organization and another. International Trade: Trade between residents of two countries. (believe they can benefit from voluntary exchange) Classical Country-Based Theories: commodities Mercantilism: 16th century economic philosophy - a country’s wealth is measured by its holding of gold and silver - promoting exports and discouraging imports. * Supporters:
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International Environment MAINSTREAM APPROACH How to Internationalize an Organization 1. Exporting and Importing a. Global outsourcing – one or more subcomponents for an org’s products are imported from another country b. Countertrade – products/services are traded for products/services instead of money 2. Licensing and Franchising c. Licensing – sell specific resources d. Franchising – sell complete package 3. Strategic Alliances and Joint Ventures
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1) Make or buy strategy decision making in supply quality chain The increasing number of competitors both in local and international market forces the organisations to develop various market strategies especially in creating and capturing customer’s loyalty. One of way is through improvement of supply chain. Consequently‚ to reduce cost and improve service levels‚ effective supply chain strategies must take into account the interactions at the various levels in the supply chain. ‘Make’ or ‘Buy’
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Chapter SEVEN governmentAL INFLUENCE ON TRADE OBJECTIVES • To realize the rationales for government policies that enhance and restrict trade • To interpret the effects of pressure groups on trade policies • To understand the comparison of protectionist rationales used in high-income countries with those used in low-income countries’ economies • To comprehend the potential and actual effects of governmental intervention on the free flow of trade • To understand the major means by which
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Ch. 1 Business: Individuals or organizations who try to earn a profit by providing products that satisfy people’s needs. Product: a good or service with tangible or intangible characteristics that provide satisfaction and benefits Profit: the difference between what it costs to make and sell a product and what a customer pays for it Nonprofit organizations: organizations that may provide goods or services but do not have the fundamental purpose of earning profits Stakeholders: groups that have
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