SCHOOL OF BUSINESS Course Name : International Business Course Code : CSAD 471 Student Name : Francis K. Adu-Boahen Index No : 10135024 Mid-Semester Assignment ANSWER 1 International trade allows a country to specialize in the manufacture and export of products or services that it can produce or services efficiently‚ and import products that can be produced more efficiently in other countries The various theories have differing prescriptions for government policy on trade. Mercantilism
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POLITICAL1.Government campaigning against drinking and drivingHard-hitting campaigns and stiffer penalties have helped to reduce the number of roads accidents‚ deaths‚ injuries and damage. Campaigns have aimed to raise awareness of the legal situation and the dangers of driving while intoxicated. In most international jurisdictions‚ anyone who is convicted of injuring or killing someone while under the influence of alcohol or drugs can be heavily fined‚ as in France‚ in addition to being given a
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1.1 Using the PESTEL framework‚ identify and discuss the key factors in the macro environment that influence the tourism industry. Political: A large influence on the tourism industry can be the stability of government. If the government in unstable it can be viewed as dangerous and unpleasant to visit. This can have a huge impact on that countries tourism numbers. Some governments also choose to make shopping tax-free for tourists‚ as tourists have the right to claim back VAT (Value-Added Tax)/GST
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globalization‚ people can sell anywhere take advantage of a country’ resources (cheap labour‚ human intellect‚ lower taxes etc.) take advantage of a country’s less strict labour laws (ex. child labour) · Was the German backlash against Nokia justifiedadd your own opinion? How can nations make themselves more competitive? · New plant developed would be to maximize output in production to Europe‚ Middle East and Africa · Other manufacturers (ex. BenQ [bankrupt]‚ Motorola)
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Based on your research‚ assess and prioritise the main macro and micro external issues facing Louis Vuitton in 2014. As a minimum you should employ PESTLE and the Five Forces Framework. Political factors Political factors are a crucial factor of LVMH‚ which causes a great influence on the market environment. New policy‚ business rules and the regulation have deep rooted influences on LVMH development in UK market. According to The Economist (2009) VAT has increased which created a threat to
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Michael Porter in his article “The-competitive-advantage-of-nations-(1990)” discusses how a firm or a region can build competitive advantage and strategy. Porter argues that Competitive advantage is often not an outcome of favorable factor and macro-economic conditions as classical economists insists. A nation’s competitiveness depends on the ability of its industries to innovate. Porter introduces the concept of “the diamond of national advantage” - a system that some nations establish for its industries
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this business sector‚ the real contenders of Apple were primarily Nokia and Samsung. The principle point of preference of Apple has dependably been its imaginative methodology and status to change the procedure as indicated by the business sector. Presently Apple’s rivals have additionally embraced this technique which is debilitating the reputation of Apple. (Lynch‚ 2012). This paper aims to investigate the competition between Nokia and Apple as far as strategic management is concerned; this paper
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SWOT Analysis of the Company: Nokia Strengths: - Nokia has largest network of distribution and selling as compared to other mobile phone company in the world. It is backed with the high quality and professional team in the HRD Dept. The financial aspect is very strong in case of Nokia as it has many more profitable business. The product being user friendly and have all the accessories one want that is why is in great demand making it No-1 selling mobile phones in the world. Wide range of products
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| History 1865 to 1967 | | | Fredrik Idestam‚ co-founder of Nokia. | | Statesman Leo Mechelin‚ co-founder of Nokia. | The predecessors of the modern Nokia were the Nokia Company (Nokia Aktiebolag)‚ Finnish Rubber Works Ltd (Suomen Gummitehdas Oy) and Finnish Cable Works Ltd (Suomen Kaapelitehdas Oy).[13] Nokia’s history started in 1865 when mining engineer Fredrik Idestam established a groundwood pulp mill on the banks of the Tammerkoski rapids in the town of Tampere‚ in southwestern
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PESTLE Analysis Political Factors “A Healthier You” Government Strategy Reporting of organic prices. Safety Inspections Services. Evaluation: POSITIVE impact Economic Factors GDP: ↑ 3.9% in the 3rd qtr Real Personal Consumption expenditures ↑3.0% in 3rd qtr Disposable Personal Income ↑ 6.1 % in the 3rd qtr US Business Cycle: At “slump”/ Wages/Labour European Markets: Weak dollar against Euro‚ Surging Energy Prices‚ Increasing Interest Rates Evaluation: MODERATE impact PESTLE
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