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What is the meaning of focal firm?
A focal firm is "the initiator of an International business transaction, they conceive, design and produce the offerings [goods or services] intended for consumption" (Cavusgil, Knight and Riesenberger ,2008, International Business). Basically their are many firms that help in the making of a car (let's say a VW Golf) a firm may assemble the car and another may provide the means of distribution but the focal firm is still VW it is for all intents and purposes "their car."
Example of dominant-business firm?
A dominant business firm is close to a monopoly. It has no close competitors, and dominates more than half of the market that it is in.
What is a business firm with many owners who each owns shares called?
A business with many owners with each owning shares of the firm is called a corporation. Corporations can be a profit or not for profit business.
Define a small business unit?
A small business unit is a segment of a firm with a specific business function.
What is a Specialist Consultant Firm and what is its purpose?
A specialist consulting firm is a firm that caters to a specific need in business. A consultant my focus on creating profit for businesses.
What are the stages in the international involvement of a firm?
importer and exporter(domestic company ) international firm multinational firm from multinational firm to global business
What methods of international business does under armour use?
what methods of international business does a firm manufacturing bicycles need ?
What are the basic international business strategies that firm's can pursue?
effectiveness and learning
What are differences between international firm and global firm and how to alter from international firm to global firm?
* INTERNATIONAL FIRM - simply do import and export - operates in foreign countries through licensing and franchising - managed by nationals of home country - concentrates in some countries or regions * GLOBAL FIRM - invests and is present in many countries - has affiliates, subsidiaries and branches in many countries - draws resources such as labor,capital and materials from a global pool - pursues global business strategy. * An International firm can become a global firm by pursuing global business strategy
Discuss important elements of culture and their impact on a firm's international business operation?
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What is mean by focal firm?
Focal firm is the one who initiates international business transactions. They design conceives and offer goods that is intended for consumption.
How can the finance function of an international business improve the competitive position of the firm in the global market place?
i dont no
How can the finance function of an international business improve the firm’s competitive position in the global marketplace?
Earning profits
Define what is international business?
International business is conducting business across country borders. An example would be purchasing tires from Malaysia to be shipped to Detroit, Michigan, USA for automobile assembly. Another example would be outsourcing website design to an Indian IT firm.
What has the author B Nooteboom written?
B. Nooteboom has written: 'Retailing, applied analysis in the theory of the firm' -- subject(s): Management, Mathematical models, Retail trade 'Inter-firm alliances' -- subject(s): International business enterprises, Management, Strategic alliances (Business) 'Inter-firm collaboration, networks and strategy' -- subject(s): Business networks, Strategic alliances (Business)
What is the capital required to start a Partnership firm?
There is no limit on the minimum capital for starting a Partnership firm. Therefore, a Partnership firm can be started with any amount of minimum capital.
Does every business firm have business strategies?
Not every business firm but lots of them have at least one business strategies.
