7/16/2013 LESSON 2 THEORIES OF INTERNATIONAL BUSINESS Instructor: LTT. Xuân 1 Content Instructor: LTT. Xuân 2 1 7/16/2013 AN OVERVIEW • Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country International trade allows a country to specialize in the manufacture and export of products that can be produced most efficiently
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Chapter 5: International Trade Theory Items to accomplish for this chapter: • Answer the questions below in the Discussion Forum 1. Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. 2. Is free trade fair? Discuss 3. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often chaacterize as "unfair" import competition. Is such competition "unfair"? Do you think that this arguement
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EXAM 1 REVIEW About an hour and a half long. * On chapters 1-6 * 10 questions (short response) * 6 or 7 sentences each (you can bullet some of them) * Focus on main concepts of chapters * Know what Externalization is (pg. 233-234) * People maintain the view that corporations have responsibilities that go beyond making money because of their great social and economic power. Business is governed by an implicit social contract that requires it to operate in ways that
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Clifton Alston International Business Japanese Malaise Case July 21‚ 2013 1. The Japanese has stagnated due to Japanese banks‚ which had financed much of the boom in asset prices with easy money‚ now found their balance sheets loaded with bad debt‚ and they sharply contracted lending and deflation. The Nikkei average plunged from nearly 39‚000 points in December 1989 to about 14‚300 points in August 1992‚ thereby losing about 60% of its value. As a result‚ investors lost the equivalent
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lean production mode is still applicable in its target. Table of content Executive Summary 2 Table of content 3 1.0 Introduction 4 2.0 Competition position of Toyota 4 3.0 Market intelligence of the Chinese automobile market 5 4.0 Business environment analysis of the Chinese auto market 6 4.1 Political and legal environment 6 4.2 Economic environment 7 4.3 Social environment 8 4.4 Technological environment 8 4.5 Natural environment 9 5.0 Market entry strategy of
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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 a foreign market o depends on the suitability
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Examples of MCQS – for illustration purposes only Example 1 Which statement best describes the relationship between strategy and organizational structure? A) Structure is determined by the organization’s strategy B) Decisions about structure and strategy are independent C) Strategy is determined by organization structure D) Strategy is constrained by organizational structure Example 2 Julie smiles and is polite to a customer at her checkout‚ even though she really deeply dislikes this customer
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Tutorial Questions: Chapters 1 & 2 Section A- Answers MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In economics scarcity refers to: A) insufficient resources to meet the wants of society. B) the situation when the production possibility frontier shifts inwards. C) not enough technological progress to enable more output to be produced from existing levels of resources. D) insufficient demand for goods and services.
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of bikes. Please answer the following questions: a. How high are the opportunity costs of a bike in the EU and the RW in the absence of international trade? Also give the opportunity costs of a ton of apples in both countries. Which product will the EU be exporting? b. Draw the production possibility frontier for the EU. c. What is the relative price of a bike in the EU in the absence of international trade? d. Now assume that in case of free international trade‚ the world relative price of bikes
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International Business Essay Exam #2 In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense? The industry that localization strategy would make sense would be the automotive industry‚ manufacturing factories‚ and I want to stay the big chain grocery stores. By these firms customizing the products they offer to local demand‚ the firm increases the value of that product in the local market. But on the downside‚ it involves
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