pooled. The question numbering below has been standardized to assist you in discussions of the results with your instructor. 4. award: 10 out of 10 points The ideal political climate for a multinational firm is: | a country where international laws do not apply. | | a country where favors can be purchased cheaply. | | a stable‚ friendly government. | | a government where absolute power is a reality. | | an authoritarian government that can be dealt with through non-legal
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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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The relationship between openness to international trade and development Introduction: Openness to international trade is the popular choice among different countries for their own development‚ especially after the establishment of the World Trade Organization (WTO) in 1995‚ globalisation is a trend for different districts‚ and a country is difficult to develop its economy in a closed circumstance. According to Razmi and Refaei (2013‚ p377)‚ International trades will benefit the people and institutions
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The Marriot International Hotels have had a long standing history of being recognized as one of the most prestigious hotels. The Marriot Hotel has specific expectations and responsibilities that are expected from their employees on a regular basis. Their reputation derives from the conduct of the Marriott associates who create this professional business environment on a day to day basis. The hotel industry can be a very unpredictable environment. Employees at the Marriott are confronted with situations
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INTRODUCTION OF INTERNATIONAL BUSINESS International business deals with business activities which is both production and services that cross the national boundaries. This activity includes movement of goods‚ services capital or personnel‚ transfer of technology‚ etc. Functionally‚ by business we mean those human activities‚ which involve production or purchase of goods and services with the object of selling them at a profit. Today’s world is an era of Global Village or specialization. A particular
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Chapter 7&8 – International Market selection and Entry Approaches to market selection ← incremental entry vs simultaneous entries ◦ incremental → usually for small companies with fewer resources that wants to lower their risk preclude economies of scale. ◦ simultaneous → extensive resource thus‚ resulting in higher operating risk‚ may decide to leverage across asia pacific area‚ facilitate economies of scale. ← Concentrated approach vs diversified approach ◦ concentrated
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International trade is the exchange of goods and services between countries. For example‚ you can find Australia’s beef‚ Brazilian coffee‚ Japanese wine in a supermarket. Nearly everything can be found on the international market. A product sells to an international market is called export while a purchased product from international market is called import. There are reasons that countries involve in international trade. For instance‚ some countries lack of raw materials like timber‚ rubber‚ oil
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is in a global environment. This environment forces companies‚ regardless of location or primary market base‚ to consider the rest of the world in their competitive strategy analysis. Firms cannot isolate themselves from or ignore external factors such as economic trends. Companies are going truly global with Supply-chain Management (SCM). SCM & OUTSOURCING Liberalization‚ Privatization and Globalization (LPG) of the economies and companies has fuelled the competitiveness among corporate. The
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European Expansion (Scenario) You have been hired by a company to look at the ways to best move the company into the European market‚ but you have to first determine what kind of company you are dealing with. If the company that has hired you is primarily used by manufacturing organizations‚ it is a ________. Choose one answer. | a. licensing company | | | b. joint venture | | | c. strategic alliance | | | d. franchising company | | Question 5 Marks: --/1 A ________ attitude
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Lessons Learned: Airwide International‚ a company that specializes in the production and selling of air conditioning units in Europe and Asia‚ experienced some tough times in the China division. To keep things simple‚ the China division was losing customers to competitiors and experienced a dismal 2% growth in one quarter. The divisions main problem was that they were not in tune with the wants and needs of their customers. Airwide had been relying on their old methods of selling and their relationships
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