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International Business and Trade

International business and trade refers to the exchange of goods and services across international borders to maximize profit. Ideally, a country will export a good if its domestic price is lower than the international price.

1,891 Questions

1.3 Evaluate the impact of a management information system to an organization?

it tells the organisation and system statues, how they improve a organisation through MIS? and how much they earn it from the customer.

What is human resource structure?

human resource structure is the setting and cordiantion of human effort and materials in an organisation in the hierachichal ladder of recruitment from the first line supervisor to the highest superior, thereby enabling a chain of command and cordination of human effort in utilizing material resources efficiently towards the objectives and goals of the organisation.

What area was the largest source of gold for the Egyptians?

Ancient Egyptians had an abundance of gold. Most was thought to be found in the Nubian Desert, which is part of the Sahara Desert.

Names of civil engineering companies in South Africa?

Some of the civil engineering companies in South Africa includes BJK Solutions, Beavers Plumbing, Green Savings, Eledso Interiors CC, and B & S Construction. CMC Vault & Safe Projects is also a civil engineering company in South Africa.

What is the difference between jaw crusher and impact crusher?

The Jaw Crusher is widely used in mining, building materials, chemical industry, metallurgy and so on. The Jaw Crusher is suitable for primary and secondary crushing all kinds of minerals and rocks with compressive strength less than 320 MPa.

The Impact Crusher is used for primary, secondary, fine crushing mining and rocks (for example, the granite, marble, and limestone) materials with compressive strength less than 350 MPa. The impact crusher is widely used for sand and rock producing in the industry of roads, railways, reservoir, electricity power and building materials and so on.

What is the Importance of production planning and control?

Its purpose is to minimise production time and costs, efficiently organise the use of resources and maximise efficiency in the workplace.

Where can you find quotes for the Baltic Dry Index?

The best place have found to track the Baltic Dry Index (BDI) is on Bloomberg. It would seem that the Baltic Exchange like to keep this index somewhat under wraps and I haven't been able to use a ticker symbol like most other indexes on other trading platforms or online finance sites. See Related Links for the Bloomberg page with the daily quotes and another link for an up to date chart for the Baltic Dry Index.

What is an example of a joint venture?

BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.

What is international monetry fund?

International Monetary Fund or IMF is the organization responsible for securing financial stability. It leads in facilitating trading through international community and the organization who has the advocacy to lessen the poverty that are now present in the world.

What is the role of the reserve bank of India in international trade?

Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.

What does the Baltic Dry Index measure?

Baltic Dry Index or BDI is issued daily by the Baltic Exchange in London. The index is in USD number that evaluates the price move for primary raw material in the sea.

Six essential components of every international trade under a contract of carriage?

what are some guidelines in every international trade when avessel is under a contract of carriage?

How is Kele Contracting?

Excellent !!! One of the few contracting companies actually having ongoing jobs in Dubai at the moment. Growing reputation among all suppliers with prompt payments.

What is meant by optical kerning in typesetting?

It adjusts the spacing between adjacent characters based on their shapes. Optical kerning can be used when a font lacks built-in kerning or when more than one typeface or font size is used within the same word. The kerning control is located in the Character Palette beneath the Font Size control.

Main factors responsible for transition from domestic to international business?

Main factors responsibile for going global - the reduction of international trade barriers, a core competency or ability to produce a good at a lower cost than the competition, and access to excess capital.

Why is international trade important to Canada?

It helps countries concentrate on their strengths and helps provide goods at lower costs than they would be able to produce themselves. Items such as tropical foods such as bananas, pineapples, sugar, tea and coffee are obvious examples. Canada could either not produce those items or only at prohibitive costs.

The Canadian Department of Foreign Affairs and International Trade estimates that 43% of Canadian gross domestic product came from trade and 25% of Canada's jobs came from exports. Economist Daniel Trefler of the University of Toronto estimates that Canada benefited from the Free Trade agreement with the US.

A democratic political system is an essential condition for sustained economic progress Discuss?

A democratic political system allows everyone's opinion to be heard and considered. This means that those in business have the right to raise concerns on issues pertaining to their businesses. It also allows for reforms or improvements to be done in areas that may not be working properly.