INTERNATIONAL BUSINESS LL+CONNECT >BI<
12th Edition
ISBN: 9781260864427
Author: Hill
Publisher: MCG
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Chapter 7, Problem 2CTD
Summary Introduction
To Determine: The paramount concern of government trade is interest of consumers or producers.
Introduction: Trade is defined as purchasing and selling of merchandises and services for cash or its value. It includes exchange or transfer of merchandises and services for cash or its value. The producer manufactures the goods, at that point proceeds onward to the distributer, at that point to retailer lastly to a definitive purchaser.
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- I have the answer but can you change it and add more information if neede whose interests should be the paramount concern of government trade policy—the interests of producers (businesses and their employees) or those of consumers? Defend your answer! Government trade policy should be concerned with consumers more , because if trade policy favour producers and protect them from foreign competiiton, producers will not try to innnovate in absence of competition from better foreign goods as well as they may charge higher price and exploit consumers. If trade policy is concerned about consumers and open the trade, new goods will be imported at lower price and consumers will have more options. i know employees of the business may get hurt due to the increase in import and they may loose their jobs due to less demand for domestic goods. but when trade is opened, MNCs also enter the domestic market which may increase job opportunities for class of labor or employees. so Govt should favor…arrow_forwardList a Unfair Trade Practices?arrow_forwardWhat is unfair trade practice act?arrow_forward
- Is it appropriate for a business to adjust its code of ethics when operating in a foreign country to maintain a competitive advantage while observing the ethical norms of the host country?arrow_forwardHow does the government control trade?arrow_forwardIs it acceptable for a company's code of ethics to be adjusted while working in a foreign country in order to retain a competitive advantage when adhering to the host country's ethical norms?arrow_forward
- How does fair trade support the philosophy and practices of conscious capitalism? What are the challenges to implementation of fair trade in the developing world?arrow_forwardHow does the legal aspect affect international businesses? (Thank you in advance for answering the question, thank you)arrow_forwardDiscuss how do multinational corporations demonstrate social responsibility in a foreign country?arrow_forward
- Examine the theoretical background of concepts such as ‘antidumping’, ‘dumping’ and ‘trade war’.arrow_forwardThe process of assessing and reporting on a business's performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders is called a _____. process control global control social control formal controlarrow_forwardDiscuss the following statement: the United States is not immune to the influence of foreign corporations over U.S economic and political policies.arrow_forward
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