BSBFIM601 Assessment Task 1-12

Premise: In the 1960s, the International Product Life Cycle Theory was developed to explain the cycle that products go through when they are exposed to a global market. The cycle demonstrates how a product matures and declines as a result of internationalization. Nokia is one of the best examples of PLC. There was a time when this Finland-based organization ruled the business world and had a massive global market with almost no competitors in the market so the company’s management gave little attention to innovation in the input and output devices of its mobile phones. . With the passage of time, competition grew stronger, and Nokia's situation deteriorated day by day. Nokia was the market leader until 2000, when Apple's iPhone took a large share of the market from Nokia, along with the periodic entry of other smartphone businesses. After 2012, this company with a tremendous history changed its management in an attempt to resurrect itself…

Q.1. The utmost concern of exporters is getting paid on time and in full. Thus, risk is a huge consideration in international trade. As exporter, how to do in order to reduce the risks? What are the methods to reduce such risks? Explain your answers? Q.2. Present and explain the difference between licensing and franchising strategies at international level. What is the best entry strategy to export services?

why do some nations succeed and others fail in international competition? (Short answer)

Coca-Cola is sold worldwide.  In some countries, Coca-Cola owns the bottling facilities; in others, it has signed contracts with licensees or relies on joint ventures.  When selecting a licensee in each country, what factors should Coca-Cola consider? (from Chapter 6)

What is the term for a trade in which all or part of the payment for products are in the form of other products?   Question 7 options:   a)  Floating exchange rates   b)  Dumping   c)  Counter trade   d)  Price appreciation

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What has the company agreed to that decides to allow another small company in Kenya to use their trademarks, patents and processes?   Question 10 options:   a)  Foreign direct investment   b)  Outsourcing   c)  Licensing   d)  Importing

Introduction to Trade Policies: Provide an introduction to the significance of trade policies and agreements in the context of international business. Your international business is an oil rig located in Saudi Arabia. Answer the following question with this in mind   1a. Identify and discuss three trade policies that may directly impact your international business venture.      Consider tariffs, quotas, and regional trade agreements as examples.   1b Apply at least two major trade theories to your international business venture.      Discuss how these theories explain or influence your choice of products, target markets, or trade strategies.

(     )3. n which of the following modes of entry into foreign markets does a firm agree to set up an operating plant for a foreign client and hand over the plant when it is fully operational?  Franchising agreement   B.          Turnkey project Licensing agreement    D.            Wholly owned subsidiary

Subject: International Business (INB 401) Question: What can be the role of superstition in the case of international marketing? Use an example of Bangladesh to answer the question.

Trade protectionism a barrier to the recovery of global economies, warns ICS Feb 24, 2021 by Gavin van Marle Increasing trade barriers by governments around the world are hampering the global economy as it attempts to recover from the pandemic’s economic fallout, warned the International Chamber of Shipping today. According to the International Trade Centre, the COVID-19 pandemic has led governments to throw up “temporary trade measures that aim to restrict exports of vital medical supplies, and to liberalize imports of vital medical supplies as well as other essential products”. As of last week, some 98 countries have temporary export restrictions or outright bans in place. In contrast, 102 countries have liberalized their import restrictions. However, it is not just about COVID-19, according to a new ICS Protectionism in Maritime Economics report. It says: “Decades of progress toward open markets has begun to reverse in recent years, with damaging restrictions imposed as weapons…

QUESTION ONE Firms promote the activities of the global market by promoting trends of offering the same products world-wide. Advise whether you agree or disagree with this statement. What else would companies do to ensure that they adequately satisfy customers on the goods and services they offer globally? QUESTION TWo Several totalitarian regimes failed to deliver economic progress to the vast majority of their populations in socialist or communist states. Justify this statement. QUESTION THREE Explain the rationale of promoting the manufacture and export of products and services which a country can produce very well while importing those which it cannot produce so well.

Question 2 The integration of economies throughout the world, enabled by technological progress, is called globalization. Describe and explain THREE (3) issues of globalization.

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Please assist. Thank you

Question 2 Describe the importance of multinational corporations (MNC)  in relations to international marketing and the global economy. Question 3 Describe what makes an export agent different from any other channel members?

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QUESTION 3 Describe three key approaches to entering international markets.

Discussion Topic: The large profits earned by commercial banks while several businesses have suffered losses during the pandemic is proof that these institutions are predatory and need increased regulation by the central banks for the good of the Caribbean economies. Neither the banks nor the central banks have assisted businesses during the pandemic, they all seem to be concerned only with profits. Discuss this statement in the light of the role of regulators of financial institutions.

2. On 1 January 2021, the African Continental Free Trade Area (AfCFTA) formally began trading. 54 out of all 55 countries in Africa have given their full backing to this new trade agreement. Explain four benefits that the African countries would derive from this trade agreement. 3. According to international business researchers, only 19% of Arica's foreign trade is Iwith other countries on the African Continent. Explain four reasons why African countries are more likely to trade with Europe and America than they are with each other.

QUESTION 4 a) b) Explain the five (5) modes of entry into a foreign market. Discuss the three (3) basic decisions a firm needs to justify when entering a foreign market.

Question International trade may offer lower unit prices but at a higher risk. Consider the total cost and trade off lower production costs with higher priced transportation and more uncertain delivery schedules. Add in disruptive weather patterns, multi-language requirements, and fluctuating exchange rates; not to mention political turmoil, labor disputes, and unique tariffs and duties. throughout the world there is one source for Schachtel Schmuggel Bannware: CousinsAg, a domestic supplier located in Wahoo, Nebraska Throughout this turnaround, we will ship utilizing Twenty-foot Equivalent Units (TEUs) from each location. Assume the following: Projected Annual Demand is 21,500 units There are 365 days in a year All product will be shipped to a distribution center in Alliance Fort Worth (AFW) where we will service our customer's needs Inventory carrying cost is 32.2% A TEU container can hold up to 600 units of our product. The Harris EOQ formula is Q* = SQRT((2*Annual…

7 - The General Agreement on Tariffs and Trade was initially implemented to do which of the following?   Promote free trade among members by eliminating trade barriers and educating individuals, companies, and governments about trade rules across the world.   Provide loans to countries to build up their infrastructure and increase economic opportunities   Merge the United States, Canada, and Mexico into a single market   Reduce worldwide tariffs and increase international trade

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How do you think tariffs affect trade levels? What are the advantages and disadvantages of tariffs?  A tariff is a charge placed on an imported good with the goals of reducing the amount of foreign imports, protecting domestic employment, thwarting competition amongst domestic industries, and raising government revenue. "The imposition of tariffs has long intended to aid American industry extending back for more than 300 years, with mixed results." It is challenging to foresee precisely how a protective tariff will affect trade flows and price levels. It is important to keep in mind that tariffs could affect other industries. U.S. tariffs on tires caused multilateral trade volumes to change and domestic producer price volatility to rise. On the other hand, tariffs on a variety of American exports showed how American producers' capacity to maintain their competitiveness and access to domestic markets could be impacted.…