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True or False and explain: An online bookstore located in Canada receives an order from a customer in the UK, so they are now a multinational company.
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- List and briefly describe the three political and economic risks encountered when entering a foreign country. Give typing answer with explanation and conclusionWhat are the six standard export documents? For each standard export document, who prepares it, who receives it, and what purpose does it serve? What common information do many standard export documents share? Besides the six standard export documents, identify five other export documents. Under what circumstances might these other export documents be required? For each other export document, who prepares it and what purpose does it serve?For this assignment, students are asked to simulate their own multinational corporation (MNC).Students are required to justify the form of their own MNC, based in the Caribbean, which tradeswith three countries outside of the Caribbean region. Students will then examine issues related toforeign exchange management within their multinational corporation.This group assignment should address the following:1. The form of MNC that the business takes, whether franchising, licensing, the exportationof a product sold through a distributor, etc. The rationale behind using this form of MNCshould also be given.2. The main foreign currencies that will be used in the business.3. The foreign exchange exposure of the company and how the company plans to managethis exposure.4. Any current financial issues that affect the operating environment of the MNC and howthese issues affect the company’s foreign currency exposure.
- Under what circumstances would a business be likely to use surface mail rather than airmail for an overseas package?How will you mitigate the action in terms of your material and logistics management?International trade may offer lower unit prices but at a higher risk. Consider the total cost and trade off lower production costs with higher priced transportation and more uncertain delivery schedules. Add in disruptive weather patterns, multi-language requirements, and fluctuating exchange rates; not to mention political turmoil, labor disputes, and unique tariffs and duties. throughout the world there is one source for Schachtel Schmuggel Bannware: CousinsAg, a domestic supplier located in Wahoo, Nebraska Throughout this turnaround, we will ship utilizing Twenty-foot Equivalent Units (TEUs) from each location. Assume the following: Projected Annual Demand is 21,500 units There are 365 days in a year All product will be shipped to a distribution center in Alliance Fort Worth (AFW) where we will service our customer's needs Inventory carrying cost is 32.2% A TEU container can hold up to 600 units of our product. The Harris EOQ formula is Q* = SQRT((2*Annual Demand*Ordering…
- Select an overseas country of your choosing (trinidad) and assume that you are employed in the human resources department for a large company. The company has just reached an agreement to open a new sales office in this foreign country (columbia) in order to better serve customers in that market. Although support personnel will be hired locally, three sales representatives from headquarters will be transferred to this office for a period of two years in order to get it “up and running.” The national sales manager has asked you to prepare a report outlining the intercultural communication issues that these sales reps likely will face. Your team will be required to research the business communication in this country and write a report to your Board of Directors that addresses the following that may play a role in impacting the success of these sales representatives in establishing an office in the country. 1. Prevailing norms of communication 2. Nonverbal communication, 3. High…ThailandSelect an overseas country of your choosing and assume that you are employed in the human resources department for a large company. The company has just reached an agreement to open a new sales office in this foreign country in order to better serve customers in that market. Although support personnel will be hired locally, three sales representatives from headquarters will be transferred to this office for a period of two years in order to get it “up and running.” The national sales manager has asked you to prepare a report outlining the intercultural communication issues that these sales reps likely will face. Your team will be required to research the business communication in this country and write a report to your Board of Directors that addresses the following that may play a role in impacting the success of these sales representatives in establishing an office in the country. 1. Prevailing norms of communication 2. Nonverbal communication 3. High context and low context…Situational Summary Kantara wines were being produced by O.A. Ltd., in Lefkosa, known as Nicosia prior to the Turkish invasion of Cyprus. The wines were made from fine grapes grown on the island. A problem, however, was that these wines had at least a 10% alcohol content, and 98% of the population of Northern Cyprus adhered to Islam, a religion which prohibits the drinking of alcohol. An embargo prevented the export of Kantara wines to the Republic of Cyprus or to anywhere else. Executives were seeking ideas. Report from Cyprus: Ethnicity and Enterprise An island in the Mediterranean Sea, Cyprus was, for several centuries, an important center for international trade. It was ruled by the Venetians until conquered by the Turks in 1571. The demise of the Ottoman Empire resulted in British rule until the Republic of Cyprus became independent from the United Kingdom on August 16, 1960. While the majority of the islanders were traditionally ethnic Greeks, speaking Greek and practicing…
- Generally, how does a global incident affect Saudi Arabia logistical practices in terms of inventory, warehousing and transportation practices? Give examples.If a coffee company based in Norway wanted to import from Columbia what would they need to consider? What would be the potetnial issues of concern for the coffee company importing from Columbia?Suppose you are made a warehouse manager of an exporting firm. Which factors will you consider before setting up a warehouse for the exporting goods?