Reference no: EM13133606
Part-1
Remember to describe/define, give an example if possible, and explain the significance of the term. PLEASE WRITE CLEAR AND COMPLETE SENTENCES. To explain significance, ask yourself these questions: why is this thing important in International Business? Or How has it influenced international business events? Or How is it used in European and foreign business? Or What can we learn about International Business from this thing?
1. Globalization 6. Foreign direct investment (FDI)
2. Purchasing power parity (PPP) 7. Value creation
3. Strategic Alliance 8. Cross-cultural literacy
4. Exchange rate(s) 9. Regional economic integration
5. Entry Strategy (to foreign market) 10. Six Sigma
11. Marketing mix 12. Push-Pull strategies
13. Price elasticity of demand 14. Money management
Part-2
Answer two of these questions in a strong, thoughtful, focused, well-supported, thoroughly explained, organized essay which shows your opinion, amazing analysis skills, and deep understanding of the course material. Be sure to use ideas, examples, and terms from this course in your essay. PLEASE WRITE YOUR ESSAY AS NEAT AS POSSIBLE.
1. List and explain the five forms of economic integration.
2. Outline why the culture of a country influences the costs of doing business in that country. Illustrate your answer with examples.
3. A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Community market. Its choices are:
a. Manufacture the product at home and let foreign sales agents handle marketing.
b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.
c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm.
The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm's only options, which one would you advise it to choose? Why?
4. Prior to 1997, Diebold manufactured its ATM machines in the United States, and sold them internationally via distribution agreements, first with Philips NV and then with IBM. Why do you think Diebold choose this mode of expanding internationally? What were the advantages and disadvantages of this arrangement? THEN
Diebold entered China via a joint venture, as opposed to a wholly owned subsidiary. Why do you think they did this? THEN Is Diebold pursuing a global standardization strategy or a localization strategy? Do you think this choice of strategy has impacted upon its choice of entry mode? How?
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Determining circle proof
: Two circles of different radii touch internally at C. A tangent at P on the smaller inner circle touches the larger circle at A and B. Join ABC. Prove that CP bisects angle
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Caculate the molar mass of the unkown acid compound
: if 2.325g of an unknown acid compound is made up to 200.0 mL with water. 10.00 mL of the resulting solution requires 15.43 mL of 0.1808 M NaOH.
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Which one is another name for the static budget
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What must brock report as income from property distribution
: Posey Corporation distributes land with a Fair Market Value of $20,000 and a basis of $12,000 to Brock, a shareholder. Posey's earnings and profits are $125,000. What must Brock report as income from the property distribution?
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Outline why the culture of a country influences the costs
: What can we learn about International Business from this thing and outline why the culture of a country influences the costs of doing business in that country. Illustrate your answer with examples.
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Equation of the circle
: Find the equation of the circle with center at the intersection of 4x + y - 4 = 0 and x - y - 6 = 0 and passing through (-1, -3). What is the equation of the circle passing through (12, 1) & (2, -3) and having its center on the line 2x - 5y + 10 = 0..
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What is formula for calculating current ratio and acid test
: what is the formula for calculating current ratio and acid test ratio after a transaction. For example, a Company has $1,000,000 of current assets.
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Determine the initial pressure of carbon tetrachloride
: The equilibrium constant Kp for the reaction ; CCl4(g) C(s) + 2Cl2(g) at 700 celcius is 0.76 atm. Determine the initial pressure of carbon tetrachloride
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Banking of circular track
: The sleepers of a railway track which is turning round a bend of radius 60m are banked so that a train traveling at 40 km/hr exerts no lateral force on the rails. Find the lateral force exerted on the rails by an engine of mass 10^5 kg when travel..
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