Chapter 9: Political and Economic Factors Affecting International Business 9.3 Economic Factors Related to International Business Page 284 – 292 Economic Systems An economic system is what allows a country to decide what to produce‚ how to produce‚ and for whom to produce. These systems include natural resources‚ labor‚ capital‚ management and standards for creating products. Market Economies In market economies‚ i) ownership of private property is encouraged‚ ii) businesses are encouraged to
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Application of SCM in Automotive Industry ABSTRACT: Supply chain management (SCM)‚ a management method to optimize internal costs and productivities‚ has evolved as an application of e-business technologies. SCM is a powerful strategic function capable of radically improving customer value propositions by the reengineering of intranet and internet-enabled collaborative channel partnerships. Latest developments in information technology have propelled the e-Supply Chain Management (e-SCM)
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Yogesh Nimje PGDM‚ 2nd year Roll No. 2011015 Spl: Operations Reverse Logistics in Automotive Industry The review of literature:- Various studies are done in the reverse logistics and factors considered in these studies such as barriers‚ challenges‚ environmental issues faced by the logistics and supply chain industry. Reverse logistics has been defined as ‘The process of planning‚ implementing‚ and controlling the efficient‚ cost effective flow of raw materials‚ in-process inventory‚
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Factors influencing individual identity Individual identity could be influenced by many factors. These factors are family‚ friends‚ culture‚ gender‚ personal interests‚ appearance‚ environment and many more. Some of the factors likely have more impact than others and some may have not any impact at all. Part of individual ethnicity is culture. Culture could be represented through the art‚ sport‚ customs and traditions‚ food‚ language of community. All around the world we have different
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economy is in a state of recession is the nation bureau of economic research. According to NBER the recession is defiend as “Significant decline in economic activity lasting more then a few months”‚ which is normally visible in GDP‚ real income‚ employment‚ industrial production‚ and wholesaler- retail sales. WHAT CAUSES RECESSION ? An economy which grow over a period of time tends to slow down the growth as a part of the normal economic cycle. An economy typically expand for 6 to 10 yrs and tends
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The factors influencing consumer behavior This article is the third in a series of articles about the factors and variables that influence the behavior of consumers. How reacts a consumer? What are the motivations and aspirations that guide him? What are the factors that influence him? Why he will choose a product or brand over another? Today‚ let’s focus on the factors influencing consumer behavior: what are they? How do they work? What is their level of importance to the consumer and how he
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INTRODUCTION ABOUT AUTOMOBILES INDUSTRY: History and development of Automobiles also marks the dynamism in technological growth men have achieved. From the days of horseless carriages to the modern-age self-guided automobiles that are designed meticulously using cutting-edge technology‚ we have certainly-traveled too far. Automobile Industry in India is still in its infancy but growing rapidly. The opportunities in the automobile industry in India are attracting big names
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QUALITY STANDARDS IN AUTOMOTIVE INDUSTRY Submitted by: PRIYA.M QUALITY STANDARDS IN AUTOMOTIVE INDUSTRY Quality professionals use the term “standards” to mean many things‚ such as metrics‚ specifications‚ gages‚ statements‚ categories‚ segments‚ groupings or behaviors. But usually when they talk about standards‚ they’re talking about quality management. Management standards address the needs of organizations in training‚ quality auditing and quality-management systems. The ISO 9000 Series‚ for
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1 Factors Influences Consumer Behaviour Cultural‚ social and personal factors are always considered to be the major forces influencing consumers’ buying behaviour (Kotler and Keller‚ 2006). An understanding of such factors helps businesses at tailoring products that meet consumers’ needs and wants. Among important influences on consumer buying behaviour (culture‚ subculture‚ and social class) ‘’culture is the fundamental determinant of a person’s wants and behaviour’’ (Kotler and Keller‚ 2006
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About the Company An Indian automotive company produces some of the engines it integrates inside its cars. However‚ some of the engines present overheating problems due to jammings in the water-jacket-passage. This instantly became a top priority for senior management. They realized
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