International business exam notes UNIT 1 History of Canadian Trade European Trade * 1700s – trades grew fast after permanent Canadian settlement * Demand for raw materials (beaver pelts‚ fish‚ lumber) * Europe manufactured Canada’s raw materials * After 7 years war‚ England and Canada made trade agreements (help war torn France) * near-port cities used to facilitate trade import/exports US trade * Late 1700s‚ US independence
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To: Joaquin Armada‚ President of Caribbean Tile Company From: Production and Warehouse Manager Subject: International expansion/production Date: February 23‚ 2014 Mr. Armada‚ Caribbean Tile Company has been operating for over two decades providing excellent and competitive products and prices in the construction industry. One of the reasons for such success has been the high demand for our products during the real estate boom and the competitive prices that our company was able to offer.
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BUSSINESS DEVELOPMENT IN A GLOBAL MARKET Developing a business opportunity or introducing a new product into the global market place is a risky business at the best of times. Strong and precise business strategies along with extensive market research are the keys for developing a successful global enterprise. This essay will cover the core fundamentals required to best enter the global market while minimizing the risks. Core fundamental include‚ indentifying potential markets‚ product competition
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to their own nation but to go international and seek new market for their products and services. The environmental standards and norms play a significant role in determining the competitiveness of products and goods on the international market. Environmental responsibility is a vital component of a business strategy as it not only helps the environment‚ but it wins the trust of communities and gains the respect of the governments of the countries in which the business operates. All businesses impact
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International Business‚ 7e (Griffin/Pustay) Chapter 4 The Role of Culture 1) Which term refers to the collection of values‚ beliefs‚ behaviors‚ customs‚ and attitudes that distinguish one society from another? A) history B) culture C) politics D) norms Answer: B Diff: 1 Skill: Concept Objective: 1 2) In which country is nepotism valued? A) the United States B) Great Britain C) France D) China Answer: D Diff: 2 Skill: Concept Objective: 2 3) Which virtue of a job
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Coca Cola: International Marketing Mix INTRODUCTION: This scope of this essay is to discuss the international marketing mix of Coca Cola‚ which is one of the biggest brands in the world. The debate between the global standardization and local adaptation of the marketing mix has been going on for more than four decades without a resolution (Agrawal‚ 1995) and globalization trends starting in the early 1980’s has further fueled the debate (Jeong‚ 2000). This has led the global companies to make the
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Assignment 2: Challenges in the Global Business Environment Jerald V. Jones Professor Margaret Parrish Business 475 May 29‚ 2014 Specify‚ in brief‚ the nature‚ structure‚ types of products or service of the business you selected. Examine the information within the company’s code of ethical conduct‚ and choose three (3) key issues from within the document that you believe are critical for success. Provide rationale for the response. In 1911 the Standard Oil of California‚ or SoCal was
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Globalization refers to the increasing unification of the world’s economic order through reduction of such barriers to international trade as tariffs‚ export fees‚ and import quotas. The goal is to increase material wealth‚ goods‚ and services through an international division of labor by efficiencies catalyzed by international relations‚ specialization and competition. It describes the process by which regional economies‚ societies‚ and cultures have become integrated through communication‚ transportation
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English - A language of global business With China’s growing economic might‚ is Mandarin becoming the preferred language of business? Not anytime soon‚ says a newly released study. Instead‚ English will maintain and grow its dominance‚ moving from “a marker of the elite” in years past to “a basic skill needed for the entire workforce‚ in the same way that literacy has been transformed in the last two centuries from an elite privilege into a basic requirement for informed citizenship.” (Indeed
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Managerial Function in International Business Importance of managerial function in international business When it comes to international expansion of a business‚ there are many things that the organization must keep in mind. An international business may function similar to a domestic business‚ however‚ the procedures and technicalities differ. Due to level of increasing competition between the global companies‚ it is of utmost importance that the employees are trained to be flexible enough to
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