more precisely‚ computers‚ has caused a huge impact on the way we do business today. Just 15 years ago‚ innovations such as the FAX machine‚ and the Personal Computer(PC) were top-of-the-line and were considered to be cutting edge. The growth and innovations of the computer brought along with it many aspects of the business world. Today‚ many business people would not be able to function effortlessly without computers. Communication is an example of one of these business processes that have grown
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The internet has changed the world It is clear that over the years‚ the internet has changed our world. The internet offers easy access to any kind of information. Especially it is becoming more and more important for nearly everybody as it is one of the newest and most forward-looking media and surely “the” medium of the future. Another point in its favor is the comunication. Nowadays‚ people all over the world do not have to wait too long to know about their friends and family. The emails arrive
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because of their great social and economic power. Business is governed by an implicit social contract that requires it to operate in ways that benefit society. In particular‚ corporations must take responsibility for the unintended side effects of their business transactions (externalities) and weigh the full social costs of their activities. * In recent years‚ we have grown more aware of the possible deleterious side effects of business activity‚ something economists refer to as…
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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 liberties. Political rights allow people to join political parties
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7/16/2013 LESSON 2 THEORIES OF INTERNATIONAL BUSINESS Instructor: LTT. Xuân 1 Content Instructor: LTT. Xuân 2 1 7/16/2013 AN OVERVIEW • Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country International trade allows a country to specialize in the manufacture and export of products that can be produced most efficiently
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other hand‚ the Danone has different intentions when deciding do the Join Venture with Wahaha Group. As the foreign companies‚ Danone has lack of management depth and size to grow quickly in China. However‚ Danone believes that with local firm support (Wahaha Group is well known as fast growing company at food market in China) will help Danone to grow the sales quickly. 2. How did the relationship between Wahaha Group and Danone change during the 11 years of cooperation? How did the bargaining
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EXAMINATION QUESTIONS 1. Summarize the globalization debate. What are the major interest groups in the world economy? How are they affected by different elements of globalization? 2. Who benefits and who loses from a shift in jobs to low-wage economies? Consider this question from the perspective of consumers‚ labour‚ technological change‚ firms‚ nation-states. Are the net benefits likely to be positive? 3. Identify and evaluate the sources of conflict between pressures on companies
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International Business Essay Exam #2 In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense? The industry that localization strategy would make sense would be the automotive industry‚ manufacturing factories‚ and I want to stay the big chain grocery stores. By these firms customizing the products they offer to local demand‚ the firm increases the value of that product in the local market. But on the downside‚ it involves
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Case Study #3: Contract for the International Sale of Goods A chip off the new block Semicontronics is an Australian manufacturing company that has been in the business of semi manufactured electronics for over a decade. Semicontronics has a solid reputation for meeting customer demands for quality products on time and on budget. The majority of Semicontronics customers are international‚ mid-market manufacturing companies that produce generic electronics such as cell phones‚ digital media
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develop skills with which they will be able to demonstrate: • The ability to keep ‘up to date’ on legislative and regulatory matters and changes‚ and determine their effects on business performance‚ management planning and decision making Task Overview: “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profit so long as it stays within the rules of the game….” (Milton Friedman‚ 1970) a. From an accounting
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