tourism and this also become one of the strength that Malaysian Tourism has. Tourist had been able to experiences different culture and food. Moreover‚ we also have many celebration of festival with different religion also attracts tourism to join our cultural festival. This can be the main point in attracting the tourism to explore our festival. Another strength that we have is the language ability. Malaysia is a country that widely speaks English which enable the tourist can easily ask question. Most
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Socio-Cultural Factors Explain what is meant by “socio-cultural factors” in the external environment? Socio-cultural factors in the external environment is the factors bases on society and cultures that affecting the business or the markets. Socio-cultural factors such as education‚ lifestyle trends‚ population and so on‚ may influence customers’ behavior or attitude to the product. For example‚ if the population of greybeard is increasing‚ then the demand of rest home will be increase as well.
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Using an organisation you are familiar with; explain how factors in the external business environment influence marketing strategies and outcomes ‘Betfair betting exchange processes more than seven million transactions a day- that’s more than all European stock exchanges combined.’(Betfair‚ 2011) With this sentence we can observe the magnitude and growth that an online gambling company like Betfair.com has achieved. To reach this point they have dealt with many issues in their external environment
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across 480-800 towns. 3. What lessons can other Indain business learn from the experience of Arvind Mills? Answer Arvind Mills is one of the trademarks of Indian market‚ which executed diverse patterns of business. Arvind brand extended the international brands in small towns of India. Of course‚ many other business brands in India now follows Arvind brand. The other Indian businesses should learn a lot from Arvind Mills: international outset of market; Multi-regional integration approach; union
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CHAPTER 1 AN OVERVIEW OF INTERNATIONAL BUSINESS Chapter Objectives 1. 2. 3. 4. 5. Discuss the meaning of international business Explain the importance of understanding international business Identify and describe the basic forms of international business activities Discuss the causes of globalization Comprehend the growing role of emerging markets in the global economy 1-2 What Is International Business? Business transactions between parties from more than one country
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The Motives for International Acquisitions: Capability Procurements‚ Strategic Considerations‚ and the Role of Ownership Structures Author(s): Shih-Fen S. Chen Reviewed work(s): Source: Journal of International Business Studies‚ Vol. 39‚ No. 3 (Apr. - May‚ 2008)‚ pp. 454471 Published by: Palgrave Macmillan Journals Stable URL: http://www.jstor.org/stable/25483277 . Accessed: 28/02/2013 12:46 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at .
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Globalization True / False Questions 1. (p. 4) The notion that national economies are relatively self-contained entities is on the rise. FALSE 2. (p. 4) For the last 50 years‚ the volume of goods‚ services and investment crossing national borders has consistently expanded faster than world output. TRUE 3. (p. 4) Today‚ the world economy is fast moving toward a world in which barriers to cross-border trade and investment are declining. TRUE 4. (p. 6) The shift toward a more integrated and interdependent
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study of international business is fine if you are going to work in a large multinational enterprise‚ but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement. This statement might have held more truth years ago‚ but certainly not today. The workplace is drastically changing on a constant basis and the world is becoming integrated. I believe it is important to study international business for large and small corporations and any type of business. All
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function of several factors • the attractiveness of a country as a potential market for an internal business depends on balancing the benefits‚ costs‚ and risks associated with doing business in that country • the costs and risks associated with doing business in a foreign country are typically lower in the economically advanced and politically stable democratic nations • look at living standards and economic growth • another important factor is the value an international business can create in
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these archetypes. • Centralized exporter • International projector • International coordinator • Multi-centered MNE 2. Is there one best model? Why or why not? No‚ there is no best model‚ because using which model is depends on host country and FSAs. 3. Do you consider a centralized exporter a true multinational? Yes‚ it has operation in more than one country. 4. What does it mean that the FSA is embodied in the product in case of an international exporter? Exporters develop products on the
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