3. The external issue of _____ faced by a company abroad is often amplified by the "alien status" of the company, which increases the difficulty of properly assessing the dynamic international business climate. a. Economic b. Political c. Cultural d. Technological
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3. The external issue of _____ faced by a company abroad is often amplified by the "alien status" of the company, which increases the difficulty of properly assessing the dynamic international business climate.
a. Economic
b. Political
c. Cultural
d. Technological
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- Cite specific ways on how the importance, types and benefits of international business could improve or impact status of present companies oor businesses.1. “Entities engaged in International Business often face more difficulties then the entities whichconduct Domestic Business.” – Critically evaluate the statement.Which of the following best characterizes a transnational corporation? a. A company that eliminates geographical boundaries b. A loose alliance of totally separate, wholly independent companies c. An organization in which multiple operations function with a large degree of autonomy d. A single central home-country management
- X. is a company that has decided to do international trade. What are the potential barriers that the star business will face?Explain a persuasive argument for why an International company should consider doing business in Canada. Explain in detail) Based on an international business perspective, explain the types of the companies in those industry whether they operate locally, internationally or globally. 2) Identify and explain the trends of these industry. What are the advantages and disadvantages? 3) If you become an international businessman, which industry would you penetrate in and why.
- 1. Highlight the foreign market entry modes available to firms that want to expandinternationally. Discuss these modes of entry and explain the mode of foreign marketentry that MTN adopted to enter the Iranian mobile market. Premise your answer onappropriate theory. 2. Using relevant international business theories, justify the major motives behinddivestment. Conversely, under what circumstances will acquisition be a logical strategicapproach in international business context? 3. You are appointed chief financial officer of a company involved in international business.Explain how you will take into account the differences in accounting standards andcontrol systems of the various countries you will be involved with. 4. Taking into account the relevant tax principles, critically discuss ways in which anorganisation involved in international business can manage costs reduction and taxobligationscreate a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business. choose a product from a corporation and assess the…create a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business.
- Ceteris paribus, the complexity of skills and knowledge that are needed to succeed in international business is far greater than those required to manage a domestic business because ________. A) international businesspeople must have extensive knowledge on the cultural, economic, legal, political, and social differences among people around the world B) of the emergence of e-commerce and the reduction of trade restrictions affecting all the countries of the world C) international market managers must travel extensively for product promotions D) international businesspeople must be able to maintain their organization's culture irrespective of the country they are doing business in E) the organization culture requires to be changed frequently depending on the host countryMultinational enterprises are supported by strong and effective institutions tosucceed in business.i. What do you understand by the concept “institutional framework”?ii. Certainty of a business environment determines a firm’s success. Examinehow the various types of institutions that reduce a firm’s uncertainty.Who’s to blame?A Southern African company, Selebeas Parts Pty Ltd was founded in 2000 by four business friends, who were retrenched from a well known car manufacturing company. They each specialized in different areas. Thomas was made the Chief Executive Officer because of his International business exposure and global network that he built up over the years. They decided to manufacture vehicle body parts and bought a declining factory. A few changes were made to get themselves into production.Thomas spent several weeks overseas sourcing contracts and was lucky enough to secure a huge contract with Nigerian Government in North West Africa to manufacture bonnets and doors for luxury Nigerian built cars.It will be expected to Nigeria until a subsidiary factory was built and staffed in Nigeria. This would put Selebeas on the road to success because it was a multi-billion rand contract. A South African expatriate would then be appointed as a General Manager, while ten South African…