Questions on International Business - 1964 Words

International business 1. Describe the difference between globalization and national responsiveness. What is the principle advantage of each strategy? As the international market grows, there arises the need to manage cross cultural relationships so as to increase trade. Trade between foreign nations has improved the economy through provision of employment to the local residents. The increase in the goods in the market has provided customers with the luxury of choice. Increased competition between the producers has resulted in an improved quality of the final product. It is important to encourage international trade to ensure that the global economy grows. The cultural differences across the globe need to be managed to ensure that the trader understands the needs of the customers. There are two main strategies used by the business to manage cultures that are different in a business environment. The first strategy is referred to as globalization and it refers to the production and supply if products or services of a standardized type on a global basis. The other strategy is the national responsiveness strategy which refers to the ne ed to evaluate the customers preference in the regional markets within a segment. The main difference is thus the quality of the product produced by an organization using each strategy. A company that uses the globalization strategy is likely to supply the same quality product across its markets while an organization that uses nationalShow MoreRelatedInternational Business Essay Questions1592 Words   |  7 PagesSection One: Questions # 2 and #3 Question #2 a. Define and explain the term Culture Ans.: Culture is a set of shared values, understandings, assumptions, and goals that are learned from earlier generations, imposed by present members of a society, and passed on to succeeding generations. Culture is basically the way of life of a people: what they eat, the music they listen, how they dress, their meal times, their language and art form, and so on. b. Give examples if operational conflicts thatRead MoreQuestions On The World Of International Business3836 Words   |  16 Pagescritical questions in the world of international business. In the business world companies must understand how to answer these critical questions. The first of these questions is why are many governments in today’s world liberalizing cross-border movements of goods, services, and resources? Answering this question isn’t just a one word answer; it requires a breakdown of how governments go to market along with a host of other things. In today’s global market international business is even moreRead MoreQuestions and Answers on International Business2334 Words   |  9 Pagesï » ¿International Business 1. If the Japanese Yen were to depreciate and all other factors held constant, would that cause a surplus in Japans balance of payments to become greater, or a deficit to become greater? Depreciation of the Japanese yen could be viewed as a smart move to relieve a struggling economy, which Japan is very much a part of. For instance, the work of Shinzo Abe has sought to do precisely that ever since hes taken office. One  of  the  most  effective  was  to  depreciate  the  Japanese  yenRead MoreQuestion Bank International Business5105 Words   |  21 PagesChapter 07 Foreign Direct Investment True / False Questions 1. (p. 242) A firm becomes a multinational enterprise when it undertakes foreign direct investment. TRUE 2. (p. 242) Licensing involves the establishment of a new operation in a foreign country. FALSE 3. (p. 242) If a firm that makes bicycles in Germany acquires a French bicycle producer, Greenfield investment has taken place. FALSE 4. (p. 242) The amount of FDI undertaken over a given time period is known as theRead MoreInternational Business Essay Questions6472 Words   |  26 PagesInternational Business – Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70 (Namibia), but not every country has been assessedRead MoreQuestions On Mba International Business1822 Words   |  8 PagesModeration required: yes/no Tutor______________________ Date _______________ Course: MBA International Business Subject: BUSI 1604 ID No: 000851915 TOPIC REVIEW: The ability to innovate is becoming a critical indicator of business success. Discuss in relation to two sectors. Introduction In the present global business world every organisation needs to become a successor. To gain the business success everyone has to adopt innovation in their organizational structure. The word innovationRead MoreInternational Business Essay Questions4285 Words   |  18 Pages1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2.. Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? ---------------- 4.. Consider a firm facing a make-or-buy decision, Provide 2 potential benefits and 2 risks  that the firm may face from outsourcingRead MoreThe Impact of International Business on the World, Questions and Answers1107 Words   |  4 Pageshave been involved in international business to obtain silk,pepper and spices for their own luxury. Till this day, international trade has been giving a major impact in all countries. International business is a transaction beyond the geographical limit of a nation. Even in some countries their economic activity relies heavily on international business. 　　Well we as consumers sometimes might not realize this but,almost everything we use in daily basis is from international trade. Everything we seeRead MoreIbe International Business Questions Essay example9943 Words   |  40 PagesTopic 1: International Business 1. Why companies engage in international business? There are three major operating objectives that underline the reasons for companies to engage in international business: -expanding sales: pursuing international sales usually increases the potential market and potential profits -acquiring resources: foreign sources may give companies lower costs, new or better products, additional operating knowledge -minimizing risk: international operations may reduceRead MoreThe Cross Boarder Movements Of Good, Services And Resources1480 Words   |  6 Pages Question 1. In a short essay discuss why government have been liberalizing cross-boarder movements of good, services and resources. As we learned in the course international business is growing more and more for every year. Today 25% of all business is international business. This has almost forced countries and their governments to change the laws and regulations around cross boarder movement of goods, services and resources. As access is easier now for everyday costumers to international good