International Business: The New Realities‚ 2e (Cavusgil/Knight/Riesenberger) Chapter 1 Introduction: What Is International Business? 1) International business is primarily carried out by individual companies. Answer: TRUE Diff: 1 Page Ref: 4 Skill: Concept Objective: 1-1 AACSB: Dynamics of the global economy 2) The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide. Answer: FALSE Diff: 2 Page Ref: 4 Skill: Concept Objective:
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Accepting ones past is always a hard thing to do‚ but by facing ones fears and learning to acknowledge and understand ones past‚ it becomes easier to move forward. Written in third person omniscient point of view‚ Annie Proulx’s novel‚ The Shipping News‚ exerts a dark yet comical tone. Proulx’s style of writing evokes a strong sense of setting and through setting the theme of the novel is developed. Ironic situations and comical details about the setting allow Proulx to emphasize her theme of how
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International trade is the exchange of capital‚ goods‚ and services across international borders or territories. Trading aides the country in multiple ways; providing lower cost to a consumer‚ better healthcare‚ technology and even education. But there are also negative effects of trading. Some if asked fell that international trading is a necessary evil. It helps economies grow and can increase the welfare of society. However there should be a tighter restriction on what is to be traded and exactly
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information with one another is called communication. The world is becoming a small-intersected community for the rapid changes in technology‚ expansion of multinational business or activities‚ transportation and immigration. The sustainability of global economy largely depends on the multinational business or other activities. Therefore‚ it is essential to communicate effectively among the people from different cultures‚ nations and groups. But cultural differences stand as barrier for effective
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CASE I ARROW AND THE APPAREL INDUSTRY 1. Why did Arvind Mills choose globalization as major route to achieve growth when domestic market was huge? Answer The reasons of choosing global market by Arvind Mills are: 1. Market seeking motives‚ such as exclusiveness of product and service with high productivity‚ stringent in-line quality control and an encouraging manufacturing atmosphere. 2. Economic motives‚ such as profit making by implementing cutting edge technologies to achieve economies
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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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[hrm 307 – international human resource management] | Research Question: It has been suggested that global companies ‘are chartacterized by geographical dispersion‚ demands for rationalization and differentiation‚ and cultural diversity.’ (Bratton & Gold‚ 2012) What challenges do these factors present for international HR directors when designing core HR functions such compensation‚ training‚ recruitment and selection? Do these challenges suggests that managing International HR is inherently
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1. Define the key terms listed above. (1) International marketing Controllable elements‚ Uncontrollable elements -Controllable Elements are what marketers in a company can adjust their marketing strategies such as firm characteristics‚ price‚ product etc.‚ to market conditions‚ consumer tastes‚ or corporate objectives. On the other hand‚ Uncontrollable Elements are what the marketers must actively evaluate and adapt to them if needed‚ as they can be defined as environmental factors. For examples
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The Role of the International HR Manager For many people international HR management (IHRM) is synonymous with expatriate management. IHRM‚ however‚ covers a far broader spectrum than just the management of expatriates. It involves the worldwide management of people. Although International HR (IHR) managers undertake the same activities as their domestically-based colleagues‚ the scope and complexity of these tasks will depend on the extent of internationalisation of the organisation. In this
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Inter-Mar L1 objectives basic concepts=international marketing‚internationalization‚global orientation etc. why and how firms go international=inter‚ external motivations different types of inter-mar-organizations=5types definition the marketing of goods and services across national boundaries it involves; identifying international marketing opportunities providing products and services that meet international market needs communicating with international audiences delivering products internationally
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