Read the following article from the Economist, then link to the site for the 2012 Big Mac Index (http://www.maxi-pedia.com/Big+Mac+Index+2012) and then answer the questions that follow the article. WHEN our economics editor invented the Big Mac index in 1986 as a light-hearted introduction to exchange-rate theory, little did
The following events occurred during the first month of operations for XYZ Ltd., a company specialised in providing carburetors to automobile manufacturers. Jan. 1st The shareholders invested £300,000 in cash, land worth £100,000 and a building worth £250,000 in exchange for common shares. Jan. 2nd In order to develop
A multinational (multidomestic strategy) means adapting products and marketing strategies to comply with cultural standards in the given market. A global strategy means offering the same product in all national markets with a very similar marketing strategy. For each of the strategies, list a company that employs that method an
Economic status of EU: I think one of the main considerations is the sheer size and wealth of the consumer market in Europe. We are accustomed to think of GDP rankings in terms of individual countries. When we do so, the U.S. is number 1, followed by China and then Japan. However, if we look at Europe as one entity, then i
While trade agreements are not designed to better the lot of the poor and disadvantaged, they actually CAN have that effect from what I can see. BusinessWeek had a cover story about Africa a few years ago titled "Can Greed Save Africa?" (http://www.businessweek.com/stories/2007-11-28/can-greed-save-africa). The point was th
A response to this: A multinational (multidomestic strategy) means adapting products and their marketing strategies in each national market to suit local preferences. A global strategy means offering the same product in all national markets with a very similar marketing strategy. Remember, a marketing strategy means the choi
Please help with the following problem. Provide at least 100 words in this solution. List three products that you have used within the past 24 hours. Your list might contain goods such as your toothpaste or your MP3 player and services such as an express mailing service, a cable/satellite TV program and so on. What strategy
You are the economic adviser to the president of Mexico. Labor unions and environmentalists in the United States are not the only ones speaking out against NAFTA. There continues to be opposition in Mexico by those complaining of a loss of national sovereignty and who feel that the income gap between the two countries will neve
Several theories attempt to explain why firms undertake foreign direct investment. These theories include the international product life cycle theory, market imperfections theory, the eclectic theory and the market power theory. Which of these theories seem most appealing to you? Why is it appealing? Can you think of one or more
You are the international manager of a U.S. business that has just developed a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture. Several patents protect the unique design of this computer. Your CEO has asked you to formulate a recommendation for
Whose interests should be the paramount concern of government trade policy - the interests of producers (businesses and their employees) or those of consumers? What are the arguments for and against the choice you made?
"You can't tell consumers that the low price they are paying for that fax machine or automobile is somehow unfair because the selling company is dumping its products in the U.S. Consumers are not concerned with the profits of some company. To them, it's just a great bargain." Do you agree with this statement? Please discuss
Read the closing case "Avon Calls on Foreign Markets". Incorporate into your analysis responses to the following questions: 1. Discuss the applicability of different marketing orientations to each of Avon's global operations. 2. Why is Avon so much more dependent on its foreign operations than on its home (U.S.) operations?
Just need a agree or disagree response to the last paragraph (4) Need a agree or disagree response to this persons answer to the following question and why: NEED AT LEAST A PARAGRAPH Korean automaker Hyundai decided to build a new automobile assembly plant in Alabama. What factors do you think Hyundai considered in sele
Scenario 2: You have a long-standing client in a country that imposes foreign exchange controls. The client asks you to pad your invoices by 25%. For example, you would ship the client $100,000 worth of goods but would invoice the client for $125,000. On the basis of your invoice, the client would obtain the $125,000 from the c
Based on your research, do the following: 1. Identify a minimum of three different natural phenomena that are typically responsible for natural disasters. Analyze the potential impact of these disasters. 2. Analyze how these phenomenon are monitored, or not via internet. Critique available Web sites, which publicly display
-I work for an Oil Company so it doesn't matter if your answers are broad. I'm using this as a guide. Thank you. Write a 2- to 3-page paper describing the use of the Internet in your company or organization. If your company does not use the Internet, describe how it could. Address the following issues: • Is the Inter
Suppose Marlboro executives read a research report written by the U.S. FDA. It indicates that the number of cigarette smokers in sub-Saharan Africa is expected to increase dramatically over the next decade. • What type of research might be conducted to explore this opportunity? • Explain how a research study might be
I am working on a project for my business class. We had to pick a Fortune 500 company which I will be representing. I have picked Johnson and Johnson. Than the professor has assigned me with two countries (Mexico and Turkey) to research and analyze in order to make comparisons regarding business, government and society relation
Hiland's TV-Radio Store must determine how many TVs and radios to keep in stock. A TV requires 10 square feet of floor space, whereas a radio requires 4 square feet of floor space; 5000 square feet of floor space is available. A TV sale results in an $80 profit, and a radio earns a profit of $20. The store stocks only TVs and ra
For many global companies, China represents a highly attractive market in terms of size and growth rate. Yet China ranks lower in terms of economic freedom and higher in political risk than do some other countries. Despite these risks, hundreds of companies have established manufacturing operations in China. Assume that you a
Hybrid Car Research Paper In this assignment I need research five different hybrid cars and evaluate their impact on the environment. I need the following: 1. Identify the top five most popular choices of hybrid cars. Analyze the advantages and disadvantages of each car's technology, price, manufacturing, and impact on envir
What are some of the benefits of "soft" market research data gathered using techniques such as focus groups and observation. What are the benefits of using "hard" data such as statistics on consumers' buying habits and figures on market size? When might each kind of data be preferred and why?
Suppose a retail firm is interested in studying the effect of lighting on customer purchase behavior. - What information would be relevant to the proposed study. - How might this type of information contribute to a business success? - Give 2 examples of businesses that have used this type of information. - What advantages
Now select and briefly describe a business you would like to own or run and choose the best inventory system for that business. State why you made your choice as you did by stating advantages and disadvantages.
You are the vice president of international operations for a large pharmaceutical firm that manufactures an anti-malarial drug. Your firm is considering opening up a factory in a small Central American nation where malaria is still extremely common. The operation will be a joint venture between your firm and the local government
What are the four dimensions of culture studied by Geert Hofstede? Identify and describe each. Choose one of the dimensions and explain how it is concretely exemplified in the global workforce. For example, a higher score for power distance in Spain accounts for that nation's greater degrees of hierarchy and of class stratifi
Imagine that you own a company that manufactures cheap sunglasses. To lower production costs, you want to move your factory from your developed country to a more cost-effective nation. Choose a prospective country to which you will move production. What elements of the national business environment might affect your move? Are th
1. What were the poitical outcomes of the end of the war in Vietnam. 2. What is the status of women, and how were women affected by the changes brought about during the 1960s.