...these sounds are coming from the new railroad which is being built right next to the school that was just constructed a month ago. A family can finally visit their relatives that have lived miles away for years. Does that not sound wonderful? Who could disagree that this is bad for the community? This would not be able to happen without imperialism. Imperialism has so many positives. Through an analysis of different historical events it has been shown that imperialism is a positive because, it encourages trade, nationalism, and enhancements in infrastructure. The first reason that imperialism is...
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...February 20, 2014 To, Mr. Mohiuddin Chowdhury Lecturer Department of Finance & Banking University of Chittagong Subject: Prospects of banana fiber in Bangladesh Sir, It is our pleasure to submit an idea about “The prospects of banana filter fiber in Bangladesh” as a part of our B.B.A. Program. We tried our best to develop and design idea. Without your sincere co-operation and proper guideline, it would not be possible for us. For this act of kindness, we are grateful to you. This paper is not free from mistake due to some limitations. We hope you will accept it with gracious consideration. Thank you for giving us such an opportunity for working on this topic. It will be our pleasure to provide you any additional information, if necessary. Thank you, Sincerely yours, (On behalf of Group) Inzamam-Ul- Hoque Group member |No |Name |Id | |1 |Umme Nurin Ahmed |11303066 | |2 |Sharmin Akter |11303046 | |3 |Anika Jahan |11303118 | |4 |Jesmin Akter ...
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...sells to countries all around the world and their products are well known in many countries. The first subject will cover information on environmental factors that affect global and domestic marketing decisions. The second subject will analyze the influence of global economic interdependence also the effect of trade practices and agreements. The third subject will cover the importance of demographics and physical infrastructure; also this section will analyze the influence of cultural differences. The fourth subject will cover the importance of social responsibility and ethics versus legal obligations. The fifth subject will analyze the effect of political systems and the influence of international relations; also the Foreign Corrupt Practices Act of 1977 will be analyzed, also the influence of local, national, and international legislation will be analyzed. The final subject will cover the effect of technology. Environmental Factors Every company has environmental factors that affect their global and domestic decision making. The Apple store has three environmental factors that affect their global and domestic decision making. The first environmental factor is technological, the second is competitive, and the third is social. The three factors are important and can be maintained so the company can gain success. The first factor technological factors affect decision making in terms of coming up with new unused products or ideas for improvements on existing products. The second...
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...integration between two countries, leading to the emergence of a global marketplace or a single world market. It reflects the continuing expansion and mixing of market frontiers, and is an irreversible trend for the economic development of the world. Companies use globalization to place factories for their products or factories to produce materials needed to complete the finished product, in underdeveloped or poverty stricken countries in order to make a cheaper final product. Though the negative effects of economic globalization are easily seen from the lower and middle classes of America, the positive effects of this process greatly outweigh the negative. Body: I. Pros of Economic Globalization A. Growth of underdeveloped countries Productivity grows more quickly when countries produce goods and services in which they have a comparative advantage. Living standards can go up faster. As the liquidity of capital increases, developed countries can invest in developing ones. Local consumer products are exported to other countries. * * Economic globalization greatly improves the living quality of underdeveloped countries by having parent companies place factories on their land. These countries have a comparative advantage, or the ability to produce goods at a lower price than another country, and so there is more money to be spent on hiring more workers and paying higher wages. This, in turn, greatly improves the living standard of this country and gives great boosts...
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...the manager of distribution in a European country where bribery is relatively acceptable. Your job description includes responsibility for accepting shipments as they enter the local port authority. On your first trip down to the docks to sign for a shipment, the customs agent in charge asks for a “tip” to clear the goods for pickup. The value of the incoming shipment is around $150,000. Knowing that the government has recently launched an initiative to reduce corruption, how do you react? If additional information would be helpful to you, what would it be? Min 700 words (this includes the question)A: To my point of view as a manager this would be a very difficult situation. To begin I would be in a complete different country, which means and I know the customs, rules, and laws are not the same. First I would need additional information such as, what would the governments initiative consist of. For example if the government’s initiative consist of making bribery illegal. Also if people could report a bribery, to the police and it would be considered a crime. Or even if people would be willing to work undercover to see which of the major companies are participating in bribery or supporting it. In my opinion this would be since I would work for a company that receives goods through the port. Also I would need to know more of my company. For example what if this bribery or “tip” occurs only for companies that are surrounded the port. In other words if the governments initiative would...
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...“commitment, diligence, and loyalty”. The UC Way can be identified as a strength of the organization in that they have a strong set of values and a clear commitment to their vision which can help to guide their decision making. Another strength of this organization is the involvement of their brand management system in every aspect of building the brand from production to sales allowing for efficient involvement and communication to build their brands the right way. In addition, United Cereal’s structure of appointing country managers to be responsible for their own market is beneficial in ensuring that the company is efficiently responding to the needs and demands of that nation’s market as well as limiting the cultural differences and making a new market entrance smooth. United Cereal’s European Vice President Lora Brill has structured the organization with new subsidiaries to enter new markets in Europe. Each national subsidiary is led by a country manager who has the authority to decide how to run the business in that country. The country managers are overseen by three regional presidents. This organization has strengths in that the country managers maximize the profit in their respective country and result in a strong penetration into those markets. On the other hand, this organization has some down sides. One of the weaknesses of this organization structure is the high costs associated with it. It also can be problematic to lead a global strategy like this one. Lora Brill,...
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...well because they offered a product people like and could trust. Though Nike products can be relatively expensive, they offer quality products, which is a reason why they are the most profitable company in terms of sports clothing and attire. The competitive environment Nike is in is an intense environment featuring Adidas, Under Armour, Reebok, and others. The key to succeeding in the competitive environment is customer satisfaction. Nike is great at getting customers to keep returning. Getting current customers to return is much less expensive than trying to convince “potential customers to try your product for the first time” (Kelly and Williams 9). For example, if someone’s Nike shoes rip or tear, they are allowed to call Nike and explain what happened. Nike then gives them a voucher to get anything off of their website as long as it does not exceed the price of the original shoes. The technological environment is very useful in Nike’s success. Nike has its own very appealing website. It also feeds its products to other companies such as Foot Locker, Finish Line, and Champs. These companies also have their own websites. Nike advertises through the internet as well as television commercials. Online sales are a huge component of Nike because many returning customers know they do not need to try on Nike’s products; they trust they are getting the quality they paid for. The social environment is possibly Nike’s greatest advantage. Nike is the product that is “cool” to wear. It...
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...their products are appropriate for international markets? Should governments protect their industries by placing tariffs on imported products? These three points will be explained more in the next pages. First U.S. Sports franchises who are trying to expand their businesses abroad have many things to overcome. Lets try seeing this from the point of view of those abroad. How do our sports fit in with the ones already established in these countries. Many European countries reefer to soccer as football, which may cause a lot of confusion of the bat. Especially if you are trying to establish an NFL following in another country. Also to be taken into consideration these countries traditions, as well as there rituals or rivalries. For them not only have their families have been following these same sports, but the same teams as well. So U.S. Franchises have to find a way to wedge in between these long standing traditions. At the least a way to attract a younger generations. Many of these problems can be over come by market research. By studying these countries, and there cultures. These franchises may find ways to over come these differences that are held between U.S. Sports, and countries abroad. One of these ways may by recruiting athletes from different countries. Which would help those other countries relate to these American teams. Seeing a fellow country man playing along those from the U.S. There are many ways a franchises can ensure their brand, or products are appropriate...
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...surplus | Trading blocs | | | Case Study Whirlpool Summary Nations trade to obtain raw materials and goods that are either unavailable in their own country or too expensive to produce. Trade increases a country’s total output, and offers greater variety and lower prices to consumers. Nations restrict international trade to help their own economies and to protect their domestic companies from competition with foreign rivals. They do this by imposing taxes, surcharges, tariffs, quotas, embargoes, and sanctions on the goods of foreign companies. Groups of nations form trading blocs to protect their own trade interests (EU, ASEAN, NAFTA, and Mercosur). International business activities can include importing, exporting, licensing, franchising, strategic alliances, joint ventures, and foreign direct investment (FDI). Outline I. Fundamentals of International Trade Companies in different countries compete for customers with companies in other countries in our global marketplace. II. Why Nations Trade A. Economies of scale – By producing and selling more units, companies can purchase raw materials at reduced prices by buying in large quantities and distributing them more efficiently. B. Absolute advantage – occurs when a country can produce goods more efficiently than any other country. C. Comparative advantage theory – suggests...
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...Executive summary One chalange that firms face nowadays is how to expand in the Multinational market and still maintain their compatitive advantages. The major issue is to decide for a favorable place or location for their new businesses. Due to our multicultural globus, every country has its specific regulations, markets, interrests, labor, trade zones, facilities and other factores that could affect the decision of the foreing expansion and the choice of the industry location. This paper illustrates the major factors that should influence such decisions. There are several types of observations, how to decide for a specific location for a company. This dicision depend strongly on the activities of the company, in other words with what type of business profile this company identifies itself. There are two major categories in our global observation what a company can be. The first one is the firms that have industrial backround, like goods production. Second one is companies that are based on service. This second category is not descused in this paper due to the less importance of the site selection decision, because it doesn’t matter whether the whole business process is situated at the same location. The communication technologie open the facility to be successfully performend even on different continet. In this paper I will be focused on the industrial corporates that is willing to take the decision of locating its factory somewhere in the global/international trade zones...
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...international trade Free trade-Free trade is a policy which a government does not discriminate imports or exports of certain products between countries. According to the law free trade enables countries to trade freely between them of goods and services. The concept of free trade is a factor to the aspect of globalization. Barriers to trade Trade barriers- Trade barriers are imposed government restrictions on international trade. These barriers can be seen in forms of: -Tariffs -Import/Export licenses -Subsidies -Embargoes Economic alliances such as the EU are crucial to building a strong force of economic financial statuses for both people and countries. For example: Because the UK are importing chocolate from Belgium it means that people are more willing to spend money on chocolates as there are more types of chocolates available to them. As well as making customers potentially spend more money on products from different countries, companies who import these products have to pay a certain amount of tax to the government for its trading activities, and as a result that’s the reason why for example: American sweets are more expensive. Companies raise the price of their products in order to cover up for the transportation of the product and the taxes imposed by the government on the product. For Volkswagen because they operate in multiple countries it means that they are able to distribute their cars to people from all around the world increasing their profits as well...
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...Final Project Week 9 A New House – Decision By Barbara Rosol Due, Sunday, April 14, 2013 XECO/212 - Terry R. Blankenship, MBA, CBB Wanting to be a home owner is a very scary, unknowing and risky venture unless you have the right tools and the proper knowledge to make it a smooth transition and one you will be committed to for many years to come. This happened to me when I was young and thought it was time to move out of a small space I was renting. The choices that best describe my decision to purchase a new home would be based on the following principles. I could not imagine starting over again but I do know that by following the 10 principles of economics and analyze the markets for home purchases, you will see how easy it is to measure the benefits versus the costs. For me just starting a family and having little money to start, the best we could do is look for a home within our means. We rented a small 2 bedroom apartment with no garage and it was miles from schools and local grocery stores. We needed to raise our children in something nicer and with lots of yard space for the children to safely play. But how do we do it? We here the interest rates for mortgages are great now but the market price where I want to live must be in my budget and in a decent neighborhood, free of crime and must be close to grocery stores. I would need to seek the help from a bank that can finance and pre approve a loan for me so a realtor can start showing me my options...
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...This ensures that the person involved in the preparation of the formulae is not aware of all the components and the entire procedure (OECD, 2001). While this has safeguarded the secret of the organization for decades, it has served to be restrictive since other areas, with their own bottling plants cannot perform the same duties. This essentially slows down the production of the drinks over the world. In other areas, however, Coca-Cola has been very straightforward in pointing out the areas of concern where it could be most effective and others that could be detrimental to its success. However, this business model allows there to be instances that allow unethical practices in the staff of the organization. Business Ethics Guideline and Culture for International Companies Business ethics does not only cover the organizations that do business in one country, those that have branches in other countries and regions also need to exercise business ethics in the respective regions they work in. For instance, a multinational organization, such as Barclays will need to perform a high level of ethics in all the countries in which they have branches. As such, the organizations will research and bond with the residents of these countries and attempt to discover any differences between the ethical challenges in their home...
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...strengthening its existing operations or if the company should continue to explore new market opportunities and if so to find out which market Amazon should enter if it continues to expand. The external environment indicates many significant trends that Amazon should consider and use to its advantage, for example the rapidly growing online retail industry; more investment from governments in information and communication technologies and a strong demand for this investment from the all markets is causing a rapid expansion in customers buying online. Porter’s five forces indicate that online retail industry is difficult to enter into due the brand image that the top firms have now established, but it is very easy for customers to compare prices among the top online retailers to find the best product for the cheapest price; indicating a high buying power for consumers. Suppliers do have some power if they offer a unique product that cannot be easily bought elsewhere, like Amazon selling Harry Potter novels. However, suppliers bargaining power is low if they offer an easy to manufacture product that Amazon can purchase from other vendors. Amazon.com has established a larger competitive advantage over its competitors, but the two distinct core competencies are its brand image and economies of scale. Amazon is able to offer great customer service, low prices and their brand name on all products...
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...Environmental Factors effects in Marketing loihfihphi MKT/421 October 8, 2013 kihofiahwiof Environmental Factors that effects in Marketing Marketing is important in any firm in United States. Our country and many others are built on a framework of capitalism where trade is a primary source of profit. Global and domestic marketing revolves around buyers and sellers. External factors can voluntarily or involuntarily influence company’s marketing decisions. Managers of larger company tends to have wider array of choices when it comes to structuring their marketing plan and strategy because they either already have a strong marketing position to begin with, but to smaller firms they would have to take careful consideration and anticipation to any marketing decisions that uncontrollable external factors will create. In this paper, the author will discuss global interdependence and the effects of trade practices and agreements in the marketing. Also we will relate the significance of demographics and physical infrastructure variable while we examine the importance of social responsibility and ethics versus legal obligations firms consider prior to decisions. In this paper we will also analyze the effects...
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