International Business 1. Q: List elements of the national business environment that influence the standardization-versus-adaptation decision. Standardized is just one of a number of strategies with which firms successfully enter the international marketplace today. Standardization may not always be the most appropriate strategy‚ even. Smaller companies may also be better off adapting to local cultures and exploiting their international image to gain market share locally. Consumers in different
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Intellectual property is the property generated in the process of intellectual activities. It can be possessed and used‚ and generated benefits. The major components of intellectual property include copyrights‚ patents‚ and trademarks. Similar to tangible property‚ intellectual property which is an intangible property is also protected by the law. The governments and parliaments have given the creators the rights as an incentive to produce ideas that will benefit society as a whole‚ by preventing
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Patents need to be protected in order for a company to have an advantage in a very competitive market. The Internet revolution has seen a massive increase in the long distance purchases made by consumers‚ as geographical barriers is no longer as important as they were. Protection is needed for those businesses who conduct business in ways other than in person. A type of industrial property protection can basically be called patents. This type of protection is used to stimulate the innovation and
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of land between the Andes Mountains to the east and the Pacific Ocean to the west. It has a population of 17.46 million and majority speaks Spanish. Out of the 13 South American countries; we have chosen Chile after evaluation of the PESTE model. It has a high efficiency government due to its low corruption rate. That not only facilitated the setting up of business in Chile but also resulted in a relatively stable political environment as compared to its neighboring countries. Chile has comparably
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Management of risks embedded in the global business environment is a critical part of strategic planning and management process. "Failure to correctly identify and assess risks may result in market blunders‚ policy disasters‚ and or organizational crisis. It is essential for success to identify‚ assess and adapt their strategies to the environment ’ ’ (Stoffels‚ 1982). Managing an international business is different from managing a domestic business for at least four reasons: (i) countries are
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[pic] COLLEGE OF LAW‚ GOVERNMENT & INTERNATIONAL STUDIES UNIVERSITI UTARA MALAYSIA |No. |Information on Course | | |Course Name : INTERNATIONAL BUSINESS | | |Course Code: GFMA 2023
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Chapter 5: International Trade Theory Items to accomplish for this chapter: • Answer the questions below in the Discussion Forum 1. Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. 2. Is free trade fair? Discuss 3. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often chaacterize as "unfair" import competition. Is such competition "unfair"? Do you think that this arguement
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restaurant‚ they plan on Branching out to Nigeria. They serve different kinds of pizza(pepperoni pizza‚ chicken pizza etc.) they do not only serve pizza but side dishes like salads‚ breadsticks‚ garlic bread etc. Considering they plan on moving business to Nigeria there are factors that should be considered. Pizza Hut can’t just decide to go international‚ they have to plan and do some research before they do. Just because the finance is there doesn’t not mean the business will be successful overseas‚
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political rights and civil liberties around the world. Provide a description of this survey and a “ freedom” ranking of the leaders and laggards of the world. What factors does this survey consider when forming the ranking? Answer: 1. General information 1.1.Concept The Freedom in the World survey‚ which has been published since 1972‚ is an annual evaluation of the state of freedom in every country in the world. The survey divides freedom into two broad categories: political rights and civil
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2). How do IPRs work? Intellectual Property Rights are often seen as “privileges” that one owns for recognition in the case where an owner needs to control and count the costs during a some sort of process‚ such as research and innovation‚ which will help him maintain and hold the incentives for more innovation‚ as its positive to know how the studies are following. These rights allow the owner an exclusive for a limited period of time‚ and during this period the owner can increase the cost of the
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