Please answer the following: How did you understand the Concepts of International Business and Global Trade? What are the pros and cons of globalization? Identify the relevance of cultures, ethics, and norms in doing international business and Trad
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Please answer the following:
- How did you understand the Concepts of International Business and Global Trade?
- What are the pros and cons of globalization?
- Identify the relevance of cultures, ethics, and norms in doing international business and Trade
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- Are traditional international business theories, such as the Uppsala model, still applicable to explaining the internationalisation behaviour of emerging country multinational companies? Discuss.Analyze and discuss the impacts of globalization and economic integrations on international financial management.Explain what is international business
- explain clearly what a foreign exchange market is, it's importance and effects on the business world and the economy.. What is globalization? What modes of international business are used by firms that want to globalize? Briefly describe each method. 1. What is the difference between a monochronic and a polychronic culture? How do such cultural differences affect business practices for international firms? 2. What is gross national income? How is it calculated? Illustrate your answer with a specific example. 1. What are the disadvantages of import restrictions in regard to creating domestic employment opportunities? 2. What is value chain configuration? Briefly list and discuss the factors that influence value chain configuration. 1. What is the relationship between a company's international market and its production location decisions? How do firms benefit from the use of scanning techniques when making location decisions? 2. Explain how franchising agreements differ from licensing agreements. 1. Compare push and pull promotional strategies in the context of international business.…Which of the following statements about globalization best describes the increasing complexity in strategy? a. Increased opportunities to trade with ease in new markets b. Increased access to cheap labour c. Reduction in the number of large multinational corporations d. Increase in currency exchange trading
- Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in seeking better financial incentives, stronger networks, and markets of opportunities. But at the same time, the complexities in terms or risks involved in international operation are more than domestic firms. How to manage cultural risks and other factors related to a foreign operation of a multinational business. Is cultural, business, or political risk more challenging to overcome than one of the others? Why or why not? How should American standards influence multinational businesses?How important of international trade (imports and exports) to the world economy? What accounting issues arise for a company as a result of engaging in international trade (imports and exports)? Why might a company be interested in investing in an operation in a foreign country (foreign direct investment)?How does Haier’s internationalization strategy differ from the pattern of international development typical of Western enterprises?
- Globalisation is the process by which businesses or other organizations developinternational influence or start operating on an international scale. Examine the role International monetary fund (IMF) plays in the Worldfinancial SystemWhat are the financial issues, export practicalities and technicalities that an exporter would need to know about to in the context of developing an export strategy?a. According to the OLI paradigm, foreign direct investment is explained by three conditions (ownership advantages, location advantages and internalization). Examine the factors that influence firms to locate subsidiaries close to markets. b. Managers of multinational enterprises are advised to take advantage of their home region institutions such as the European Union. Assume you are the manager of a multinational enterprise in Belgium. Why is the institutional framework created by the EU pivotal for business? c.