Multiple-Choice Questions for International Economics by Dr. Bob Carbaugh Department of Economics Central Washington University Chapter 1: The International Economy and Globalization A primary reason why nations conduct international trade is because: a. Some nations prefer to produce one thing while others produce another *b. Resources are not equally distributed to all trading nations c. Trade enhances opportunities to accumulate profits d. Interest rates are not identical in all trading
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Introduction International business in terms of multinational enterprises is whereby companies have operations in more than one country. These companies are called Multinational cooperation and they expand overseas through joint ventures‚ foreign acquisition‚ licensing agreement‚ Greenfield investment and export (Ghoshal & Nohria‚ 2003). Strategies such as International strategy‚ Transnational strategy‚ Global strategy and Multidomestic strategy are used by multinational cooperation to enter
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International Marketing Case1-1: Starbucks-Going Global Fast Q1) Identify the controllable & uncontrollable elements that Starbucks has encountered in entering global markets. A1) There are several controllable and uncontrollable elements that Starbucks has encountered in entering the global market. To begin with‚ some of the controllable elements are somewhat similar to them growing in the domestic market. Some of the factors include the 4 P’s (Product‚ Price‚ Placement and Promotion)
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16References PAGEREF _Toc402404183 \h 17 Executive summaryThe whole report will analyze Hong Kong’s political‚ economic‚ social and technological environment (PEST) of the view that opening restaurant chain (Subway) industry in the view of the international business. This document will facilitate the foreign business to find more information about Hong Kong PEST. In this document also analyze modes business entry which appropriate for the Hong Kong market. IntroductionTo study any business project
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Craig@Colorado.edu Word Count: 6‚121 (A+ Length) The editorial structure of the International Encyclopedia of Communication offers one view on the present state of communication as an academic field. The 29 editorial areas range in scope from micro-analysis of individual behavior (e.g.‚ (Information Processing and Cognition) to macro-analysis of communication institutions on societal and international scales (e.g.‚ (International Communication). Editorial areas also range across modes of inquiry including
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Case Study: Studer International Like many other companies reeling from the economic crisis‚ Studer International found itself trying to stay afloat and save the company from bankruptcy. Stemming from a late night meeting it was affirmed that the company was going to have to maintain strong leadership in order to get through layoffs and rally employee morale (Daft‚ 2011). The morning after the meeting‚ Dean Adams learned that a key manager‚ Sue Chan‚ had resigned from her post as chief security
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14Lesson 15: THE INTERNATIONAL COMMUNITY The Unity of Human Family: * The biblical accounts of creation bring out the unity of human family and teach that God of Israel is the Lord of history and of the cosmos. * God’s decision to make man in his image and likeness (cf. Gen 1 1:26-27) gives the human being a unique dignity that extends to all generations (cf. Gen. 5) and throughout the entire Earth (cf. Gen 10). * (indicated in the book of Genesis) Human being was not created in isolation
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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 3. Multinational business
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International trade Payment methods Payment Methods for International Trade * Prepayments: The goods will not be shipped until the buyer has paid the seller. * Time of payment: Before shipment * Goods available to buyers: After payment * Risk to exporter: None * Risk to importer: Relies completely on exporter to ship goods as ordered * Letter of Credit (L/C): These are issued by a bank on behalf of the importer promising to pay the exporter upon presentation of the shipping
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1.0 Tourism and International Tourism Tourism is the movement of people from one place to another. The tourism product is different from other products as it is produced and consumed simultaneously by the consumer. The buyer has to experience the product and services to know the worthiness of the tourism package. For instance if the tourist is buying a package tour to destination Mauritius‚ the tourist must travel to the country to experience the tourism products and services available there
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