...AS THE TRADE REPRESENTITIVE OF RODAMIA BY TAMARA MARTIN XECO/212 - PRINCIPLES OF ECONOMICS (AXIA) KRISTIN PAUL As the trade agent of Rodamia, I would base my recommendation on worldwide trade concluded based on the following conclusions. Rodamia is the large-scale country as well has it has the biggest economy amidst its neighbors. At least 4% of the country’s GDP arrives from its agriculture for example maize, wheat, and cotton fabric, dairy, and poultry products. 30 % of the country’s GDP comes from commerce, and the other 66 % arrives from the services provided. Opening up Rodamia to worldwide trade would free up the household markets and permit for discovery and technological advancements. The nations they will be searching to trade with are Uthnia, Alfazia, and Suntize. All of these nations have certain things to offer and can be considered great assets to acquiescing on a trade affirmation with us. International dealing is a significant facet to our finances as well as other nations well being. This is significant because dealing permits nations the opening to obtain items and services that are not accessible in their own countries. For demonstration purposes, if one homeland focuses in agriculture than it will have an advantage in dealing with a homeland that focuses in services. In this replication, I would be suggesting the President of Rodamia for recommendations for international trade. One benefit of worldwide...
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...A-International Trade theory 1-Mercantilism Thomas Mun (17th century) stated that foreign trade was only beneficial if a country “sells more to strangers yearly than we consume of theirs in value” 2-Absolute advantage (1776, Adam Smith) The ability of a country to produce a product with fewer inputs than another country 3-Comparative advantage (1817, David Ricardo) The notion that although a country may produce both products more cheaply than another country, it is relatively better at producing one product than the other 4-Product life cycle theory A product life cycle refers to the time period between the launch of a product into the market till it is finally withdrawn from it. In a nut shell, product life cycle or PLC is an odyssey from new and innovative to old and outdated! This cycle is split into four different stages which encompass the product's journey from its entry to exit from the market. This theory suggest that products pass through a four-stage cycle: 1- Introduction 2- Growth 3- Maturity 4- Decline 5-New trade theory Free trade implies specialization and requires that nations neither artificially limit imports nor artificially promote exports. It suggested that it might benefit countries with an advantage in producing certain goods to initially protect the trade of such goods. By doing so, the economic advantage for the producing company might be more greatly realized, especially in the future. 6-Porter’s determinants of...
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...International Trade and Finance Speech ECO/372 Abstract The enclosed paper is a speech written by myself under the assumption that I have been appointed Speaker of the House and I must deliver a speech about the current state of the United States macroeconomy to amateur reports who are not familiar with economics. As many of you may know, the current state of the United States economy is recovering from a recession. Macroeconomic forces such as interest rates, exchange rates, trade deficits, inflation, and gross domestic products are factors that continue to influence a company’s bottom line and these factors can cause business to be more difficult. International trade and financing play an important role in the growth and continued success of our economy. What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the US businesses and consumers involved. When we experience a surplus of imports brought into the United States, local businesses suffer. Sure consumers are happy about the surplus since the product prices will decrease, but this will cause an immediate need for our country to produce more exports to help compensate for the loss. The surplus of imported cars in 2012 exceeded exportation amounts by over $151 billion. Cars only carry a shelf life of one year since new models...
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...Welcome to PERRLA for APA. If you are seeing this screen for more than a few moments, then the software is not running properly. Read everything here, step-by-step, and we’ll try to get that fixed for you. 1. If you are being asked for the Project Template Password, then there is a problem with your installation of Word. You will need to reinstall Word and then PERRLA for APA should run well. (This is true even if Word seems to be running without problems at other times.) 2. Look up in the left corner of this window. It should say: APA PERRLA Startup – Microsoft Word If that is what it says, then click (or hold down the Ctrl key and click) here, or scroll down to the second page. If it says something else besides Microsoft Word (WordPad, WordPerfect, Word Reader, etc.), then that is the problem. As it says at our website where you purchased, www.perrla.com, PERRLA for APA will not run on any word processor but Microsoft Word. If you don’t have Microsoft Word… You will need to purchase it. The least expensive way to get Microsoft Word is to purchase the new version of Microsoft Works Suite (it must be the Suite and include Word) which includes the latest version of Word. The place to pay the least for that is usually your college bookstore. You can also get a good price at warehouse stores like Costco and Sam’s Club. If you do have Microsoft Word… Then, using your mouse, you must right-click (use the other mouse button you don’t normally use) the PERRLA...
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...Groupon is a daily-deal site offering unbeatable deals on the best stuff to do, eat, see, and buy. Groupon is revolutionizing local commerce and helping to make people's lives exciting by bringing amazing experiences within reach. It uses collective-buying power to extend unmatched prices and provide significant benefits to both businesses and consumers. By bringing the brick and mortar world of local commerce onto the Internet, Groupon is creating a new way for local merchant partners to attract customers and sell goods and services. They provide consumers with savings and help them discover what to do, eat, see and buy in the places where they live and work. Groupon evolved from Founder and CEO Andrew Mason’s first website, “The Point,” which was launched in November 2007. Deploying a similar concept of group persuasion, The Point was about social action. People were asked to give money as a group once a ‘tipping point’ had been reached showing that they were taking a stand. The Point failed to attract enough advertising revenues to stay in business, but it reinforced for Mason and his investors how powerful group action can be. Andrew Mason and his team launched Groupon in November 2008 in Chicago to focus on collective buying power. They saw that by using the framework of The Point, they could help other city-dwellers obtain affordable access to goods and services without overwhelming them by the sheer number of choices. Groupon started out offering one deal per day. Groupon...
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...7 | | 12% | 14% | 8 | | 12% | 16% | 9 | | 12% | 18% | | Year 1 | Year 2 | Year 3 | 1 | | | 14% | 2 | | | 16% | 3 | | | 18% | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 98.232 | | 85.852 | 72.756 | MAX | 104.426 | | 89.031 | 78.098 | AVG | 101.285 | 96.154 | 87.432 | 75.387 | At the beginning of year 1 , Zero C1 would matured and no longer tradable. For the other three bonds, we have private information which enables us to cut out an interest rate, lefting with 6 scenarios. TRADE AT BEG YEAR 1 (interest not LOW) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 92.161 | | 89.286 | 75.666 | MAX | 96.810 | | 90.909 | 79.745 | AVG | 94.464 | | 90.097 | 77.686 | TRADE AT BEG YEAR 1 (interest notMIDDLE) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 92.161 | | 89.286 | 75.666 | MAX | 98.603 | | 92.593 | 81.222 | AVG | 95.346 | | 90.939 | 78.411 | TRADE AT BEG YEAR 1 (interest not HIGH) | | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 93.837 | |...
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...| | | | | McDonalds & Starbucks Architectual Design, E-commerce Strategies and Service | [ ] [ ]Wayne McFarland JrGlobal Business Management Dr. Donna Galla July 22, 2012 | McDonalds & Starbucks Architectual Design, E-commerce Strategies and Service How do you think McDonalds and Starbucks are able to establish their brands to fit local markets through architectural design, e-commerce strategies and service to accommodate local markets and cultures? McDonalds marketing mix is strategic because of the diverse approaches that are used. They use a strategy that is known as the 4P’s (product, price, promotion, and placement) that they use that is a way of them carefully making decisions around their brand. One thing that has kept McDonalds striving in the local and global market is an idea they use similar to Starbucks “think global, act local”. This idea is what they use as well as Starbucks to combine globalization and internationalism into their strategic plan. For example, McDonalds uses pictographs (symbols instead of words and numerals) which in the international markets help employees ring up sales. By doing this McDonalds was able to maintain their strategy of all drive thru orders filled in three minutes or less. McDonalds also study the local culture of a country prior to entering it. By doing so they have changed some of their menu options to fit the local market. In China, the interior walls are covered with posters and...
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...Black Market A market that operates outside of the legal system where either legal or illegal goods are sold at illegal prices or terms is known as the black market. These types of transactions normally occur when people are trying to avoid taxes or government price controls. The black market is also known for the buying and selling of illegal drugs, firearms, and stolen goods. When the demand is strong enough and gains from the trade can be had markets will develop and exchanges will occur in spite of the restrictions (Gwartney, Stroup, Sobel, & Macpherson, 2013). The Prices in the black market are determined by supply and demand just like in other markets. In some cases prices in the black market can be more costly to the consumer than the legal market. This is because the supplier takes on much more of a risk by selling these black market items and could be arrested, pay expensive fines, and even going to prison. On the other hand there are also times when it may be cheaper to purchase items in the black market; this is because the supplier does not have to pay things like taxes or the production costs on items. In August of this year black market distribution of Olympic tickets was shut down. Over 20,000 people would be denied seats into the venue because they had purchased tickets on the black market. The London Olympic tickets were only valid when purchased through authorized outlets. In this situation an unauthorized ticket trader named Euroteam was selling the...
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...Executive summary: A new industry of ready-made garment is to be set up in Bangladesh. The reasons on which this decision is based includes, flexible business and investment policy of Bangladesh government, economic security, cheap labour, tax exemption etc. Garment industry requires less investment capital. Raw material would be purchased from the local markets, this will save time and money. Different brands will be launched according to the financial conditions of the consumer, this will capture maximum market. New export markets will be sort out and this will help in generating foreign exchange. Internet, catalogue, television, bill boards, radio, will be used as source of advertisements. Retail and wholesale markets will be the main target.Executive summary: A new industry of ready-made garment is to be set up in Bangladesh. The reasons on which this decision is based includes, flexible business and investment policy of Bangladesh government, economic security, cheap labour, tax exemption etc. Garment industry requires less investment capital. Raw material would be purchased from the local markets, this will save time and money. Different brands will be launched according to the financial conditions of the consumer, this will capture maximum market. New export markets will be sort out and this will help in generating foreign exchange. Internet, catalogue, television, bill boards, radio, will be used as source of advertisements. Retail...
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...BACKGROUND INFORMATION FOR THE VANATIN CASE Assume that it is January 2013 and that you are a member of the Booth Pharmaceutical Corporation Board of Directors. You have been called to a Special Board Meeting to discuss what should be done with the product known as “Vanatin.” Vanatin is a “Fixed-ratio” antibiotic sold by prescription. “Fixed-ratio” means that it contains a combination of drugs. It has been on the market for more than 13 years and has been highly successful. It now accounts for about 18 billion dollars per year, which is 12 percent of Booth Company’s gross income in the United States (and a greater percentage of net profits). Profits from foreign markets, where Booth is marketed under a different name, are roughly comparable to that in its home country. Over the past 20 years, there have been numerous medical scientists (e.g.. the National Council on Drugs) who have objected to the sale of most fixed-ratio drugs. The argument has been that (1) there is no evidence that these fixed-ratio drugs have improved benefits over single-drugs, and (2) the possibility of detrimental side effect, including death, has at least doubled. For example, these scientists have estimated that Vanatin is causing about 30 to 40 unnecessary deaths per year (i.e., deaths that could be prevented if the patients had used a substitute made by a competitor of Booth). Despite the recommendations to remove fixed-ratio drugs from the market, doctors have continued to use them....
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...Hello Class, My name is Brandon Wilhite and I am a United States soldier, this isn't my first online course but it is one of the most important one. I have taken online courses before with AIU and because of the length of the course and how great the staff and faculty are I plan to complete my degree here, with that said my future educational and career goals are to complete my MBA and get my JD(Judicial Doctorate) and become a corporate attorney and run my own business and a business degree is the first step in my quest to becoming an attorney and future success. While going through the virtual campus I found the interactive reading and activities to be the most useful to me. This was because it helped me understand the content and practice what I learned. There are three basic business environments(legal, social, and economic) that affect the success of a business. The legal environment of a business is the law as it affects a business and is governed by state, country, and international laws. This includes laws on what can and can't be produced or sold, consumer and employee protection laws, tax and other financial laws, as well as many rules and regulations with regards to business ethics, code of conduct, arbitration, and when and how to seek legal advice. The social environment of a business is the factors that affect a business socially. Every business works in a society and different factors such as family, educational institutions, and religion affect...
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...A New House-Readiness Trade-offs is a good place to start in making a decision such as buying a house, but to make a good decision with trade-offs, I really need to research and make sure I know what my options are and what is available to me. I also need to make sure what I am trading for, is not costing me more than I am willing to pay. It is a give and take situation. If you want a particular item, such as a house, you have to make sure you will not regret what you are giving up to purchase this house. You have to look ahead, and make sure you are prepared to face the consequences of your actions whatever that may look like. Trade and how society interacts with one another is another factor when making a purchase such as a house. When the economy is in competition with one another, it could work to my advantage. One realtor in competition with another realtor would give me a variety of choices to choose from. In that case scenario, I could make sure I was getting the most for the money I am willing to spend. The government could be a major influence in the fact that if the quantity of money they release is high, it will cause prices to go up and it may push the price of things so high, I cannot afford to buy a house. If everything that is essential to live and maintain goes up in price, it could push the date of purchasing a house into the future for me. Employment, productivity, and inflation are three other factors that would make me stop and consider whether it...
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...Class: MGT-001 Professor: Mark J. ROSELLI Name: Lê Quốc Khánh POINTS FOR DISCUSSION 1. I think Jorgensen who the board of directors has a social responsibility to the workers and the local community. Because he cares about people, he wants to rebuild his roads, his bridges and the infrastructure of his country. He thinks if he does it, the demand will skyrocket. However, I side with Garfinkle, maintaining that the directors’ only responsibility is to the stockholders and thus maximize profits. The most important of business is making money for yourself and your stockholders. Therefore, my company is making money and has much work but I will increase the salary. When company has a lot of money, I will spend money to care about people. 2. a- According to Garfrinkle, the free market where anyone is allowed to buy up and has a profit with a company. In my opinion, I disagree with Garfinkle’s concept of a free market that anyone should have the right to buy out any company he wishes. Markets are confused about a free market. Businessman will sell off part of company for quick profit and close down factories, thus throw people into unemployment. Other workers will dissatisfy with our boss, the company can’t make the money so the company will bankrupt. b- The government should pass a market law clearly to restrict and prevent from free market of Garfinkle. The market law doesn’t allow the company to buy up and buy any company. Each businessman only allows buying...
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...bring the world together by exporting products, ideas, and influence. Americans wanted to teach other nations the American values of democracy, free enterprise capitalism, and Protestant Christianity. The social factors of American imperialism were to extend western ideas, religion, and government. The main idea was to find markets all around the world. The Americans wanted to expand their values, increase foreign trade, enhance American prestige, and guarantee future security. They were willing to do this by expanding boundaries, purchasing colonies, or persuading encouragement to take control and better the American social lifestyles and security. The economic growth of industrial networks had linked America with foreign markets like never before. Employment and farmers were depending on foreign countries to keep the economy going. Farmers and industries relied on the world to purchase products and goods and at the same time kept the economy going by providing jobs and keeping farmers from going broke and selling their farms. As America relied on foreign trade for wealth and power, they needed a strategic way to protect the foreign markets, and the seas where ships transported goods from shore to shore. Alfred Thayer Mahan, a navy captain and later admiral, created the idea of forming a navy. The idea of replacing wood vessels with steel persuaded America to have a modern and powerful Navy and the means to become an imperial power within the world. Reference: Davidson...
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...Direct exporting means you export directly to a customer interested in buying your product. You are responsible for handling the market research, foreign distribution, logistics of shipment and for collecting payment. The advantages of this method are: Your potential profits are greater because you are eliminating intermediaries. You have a greater degree of control over all aspects of the transaction. You know who your customers are. Your customers know who you are. They feel more secure in doing business directly with you. Your business trips are much more efficient and effective because you can meet directly with the customer responsible for selling your product. You know whom to contact if something isn't working. Your customers provide faster and more direct feedback on your product and its performance in the marketplace. You get slightly better protection for your trademarks, patents and copyrights. You present yourself as fully committed and engaged in the export process. You develop a better understanding of the marketplace. As your business develops in the foreign market, you have greater flexibility to improve or redirect your marketing efforts. The disadvantages: It takes more time, energy and money than you may be able to afford. It requires more "people power" to cultivate a customer base. Servicing the business will demand more responsibility from every level of your organization. You are held accountable for whatever happens. There is no buffer...
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