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Jan van der Schmidt was the organizer of a successful chain of restaurants located at Europe. He died unexpectedly at the ages of 55. Jan was sole owner of the company's common stock and was known for being quite authoritarian. He personally made most of the company's personnel decisions. He also made most of the decisions on menu selection, food suppliers, and advertising programs. Employees throughout the firm are paid fixed salaries and were closely monitored by van der Schmidt. Han's son, Karl, spent much of his youth driving BMWs around Holland and Germany at high speeds. He spent little time working with high father in the restaurant business. Nonetheless, Karl is smart and just received his MBA degree from a leading business school. Karl has decided to follow his father as the chief operating officer of the restaurant chain. What advice about organizational architecture for the company would you offer Karl now that he has taken over?
Describe unequivocally why the foundation of trade has nothing to do with absolute advantage and only law of comparative advantage is relevant.
Questions based on International Business
The government has 3-bureaues that predict the impact of legislation and information so administration and Congress can make rule.
Choose a United States multinational corporation. In terms of currency denomination, explain how the company prices its revenues and costs.
Would there ever be an instance in which a relatively small nation could profit from comparative advantage with a much larger nation?
The only win condition for H is to manufacture and no production by Company F. If Company F is going to manufacture, they will have a win-win situation with company H having losses
Suppose that the United States can manufacture Toyotas at the cost of $18,000 per car and Chevrolets at $16,000 per car. In Japan, Toyotas can be manufactured at 1,000,000 yen and Chevrolets at 500,000 yen.
A FX dealer in London normally quotes spot, 1M, 3M and 6M forward. When you ask over the phone for current quotes for YEN or USD you hear "111.43 to 51, 52 to 48, 150 to 144, 337 to 205"
Suppose a scenario where you are an entrepreneur considering to increase your production of kitchen gadgets. You need to pay back a loan of $5,000,000 over 5-years.
Name the 5-stages in the purchaser decision process and briefly describe the online and offline marketing activities used to influence each.
Does either country have absolute or comparative advantage in any item? Give support for your answer through computing the "resource costs" or opportunity costs for both products in both countries.
Suppose If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to describe the Leontief paradox?
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