What is the advantage of culturally diverse team in a work place?
The best teamwork comes from people with diverse points of view, who can collaborate, come to consensus, and take action. The advantage of a culturally diverse team is that people have a variety of different points of view when approaching problems or taking action. An example of this might be when a problem is solved by people from broadly diverse socioeconomic situations; if a team has only members from one end or other of the spectrum, some solutions may not even be considered, due to cost or production demands. Another would be if the members had a variety of types of education; problems would then be looked at from the perspective of many disciplines rather than a narrower one.
Which characteristic is most essential to democratic society?
The characteristic that is the most essential to a democratic society is the ability to vote. People get to choose their leaders and rules.
What are the communication problems faced in a large organisation?
The communication problems faced in a large organization is so many. There is a high possibility of passing down the wrong information which will ultimately affect productivity.
Methods governments can use to promote international trade?
subsidies, export financing, foreign trade zone and special government agencies
Roles played by insurance companies in the promotion of international business?
insurance section plays important role in internalation business. Today almost all major insurance companies have offices in major cities around the world.They have formed colloboration with banks in other countries to better serve their international business community. Banks form a bond of trust between buying and selling transactions in international market. For individual banks offer services like foreign exchange, traveler's check, electronics transfer. For businesses bank plays ar ole of trusty agent by offering servics like 'Documentary Collection' and 'Letter of Credit'. One of the problem international businesses encountering doing business internationally is lack of trust. With the help financial devices commercial banks are able for a bond of trust between internalional buyers and sellers. In commercial methods like 'Commercial Collection' and 'Letter of Credit' banks act as agents to handle payments as well as relevant documents. Letter of Credit is most wide acceptable and used methog of doing international transactions. Some banks and government agencies offer export credit insurance to businesses. In some cases, exporter has to forgo a letter of credit, in such cases banks offer export credit insurance. Foreign exchange market is another area where international commercial banks play vital role. Foreign exchange market serves two main functions, convert the currency of one country into the currency of another and provide some insurance against foreign exchange risk. Multinational corporations constantly need various currencies for their operations and to hedge against foreign exchange risk. International banks provide foreign exchange services to their commercial business clients to complete their business transactions. These banks act as a broker between commercial customer and foreign exchanges around the world. International businesses receive payments in foreign currencies for their export, the income it receives from foreign investments and income received from licensing agreements with foreign firms. Internations business use foreign exchange market to pay foreign firms for its products and services and when it makes direct investment in foreign country. International banks play major roles in these transactions. Many commercial banks offers short as well as long term loan finaning to internaltional businesses. Many countries have form banks backed by government fundings to provide fundings for exporters and importers. In United States, Export-Import bank, an independent agency of the US government, provides financial aid to faciliate export and import of goods. Eximbank also guarantees repayment of loans US commercial banks make to foreign borrowers for purchasing US exports. Banking sector plays vital role of catalysts in international market. Due to technology advances in banking sector, communciation gap and delays in international business have really narrow down a lot.
What is PE coated paper plates?
PE is the acronym for Poly Ethylene, a common plastic used in many consumer products and food storage containers. The real question is...is it BPA-free? and what type of PE is used (LDPE - Low Density Poly Ethylene or HDPE - High Density Poly Ethylene) and based on this, what small molecules may leach out when you put hot food on the plate or microwave it.
Household consumer vs Industrial consumer
BRIC is an acronym for Brazil, Russia, India and China, the four strongest nations with developing economies.
"The BRIC Report" is a website that provides information on the economic trends of these countries in the world marketplace.
What are the different types of exhibition stands?
There are many different types of exhibition stands that fit the purpose of the presentation required.
Firstly there are banner displays which are quick and versatile and allow for an easy display of visual graphics. Then pop up displays, which are just as versatile and allow for maximum portability, can be integrated into larger exhibitions stands and similarly to banner stands display visual graphics well.
More and more exhibitions are being held outdoors but that can obviously be a problem due to weather so there have been stands that are specifically designed for the outdoors meaning they can be very quickly assembled and temporary with durable panels. These particular exhibition stands have been proven to be most useful for promotions and sponsorship purposes such as at festivals.
Eco-exhibition stands are cost effective, flexible, and modular so they can be added to and reconfigured for multiple use if required. There are then the fabric displays made from tubular aluminum frames with durable moulded plastic corners and panel displays which are lightweight and are often seen for educational or government purposes.
Why is specialization so valuable in international trade today?
Specialization is so valuable in international trade today since it improves the quality of production. One country is not expected to produce everything and will be allowed to generate what they are good at.
What top iron ore producers are not in asia?
Top iron ore producers that are not located in Asia are Australia, Brazil, and South Africa. Also on the list is the United States.
What strangled international trade during the 1920's?
League of nations was what helped the trading begin again after the WW1. As it was one of the leagues aim, that they had to encourage countries to corporate through trade and business. One example was of Britain and Germany. The british may not like it, but this meant jobs for the people of Britain.
What is a purpose of multimedia?
Multimedia helps people communicate with each other. For many people, using various forms of media to send a message is effective.
What are the duties of a deputy managing director?
The Deputy Managing Director reports directly to the Managing Director and is empowered by the Managing Director to manage the day-to-day overall operational activities.
The Deputy Managing Director ensures cost control activities; monitors revenues and expenditures in assigned area to assure sound financial control; assures effective and efficient use of budgeted funds, materials, facilities and time.
What are the advantage of local purchase over imports?
Advantages of purchasing locally are as follows:
International trade and specialization most often led to what?
an increase in a nation's productivity
A mutually recognized medium of exchange makes trade easier.
What are the components of the HANG SENG index?
The Hang Seng Index is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong.
There are 4 sub indices of the Hang Seng Index. They are:
* Hang Seng Finance Sub-index * Hang Seng Utilities Sub-index * Hang Seng Properties Sub-index * Hang Seng Commerce & Industry Sub-index
Why are persuasive skill so important for a leader?
persuasive skills are so important to a leader because the leader needs people to listen to him/her so that their point will be taken in by the audiance and
if you have a person trying to make you buy their product they need to use their persuasive language to make you want to buy their product. so persuasive skill is important to anyone... use it as much as you can..
What is meant by the term knowledge workers?
Knowledge workers are those who use their head to earn their living compared to those workers who use their sweat to earn living. e.g. An Architech is a knowledge worker while a construction worker is not a knowledge worker.
What are the Characteristics of a multi- domestic company?
-Marketing focuses on individual and local cultures/ markets. It looks at the needs of specific areas and markets specifically to them.
-This is a polycentric view, regarding local management as very capable of understanding the local market and its needs.
List 10 good Industrial Manufacturer Companies in the US?
If you are looking for an Industrial Vacuum or Cleaning System see below for two great links that I believe are superior in Industrial Vacuum Cleaner market.
Why does international trade occur?
The international trade occurs because of a country can not produced every things and there are many things used by country but they can be poroduced in their geographicall area, that is produced in other country.To full fill the all wants an international trade occurs.
For exam. in India there are no many source of oil, to full fill of his source it import oil from Arbian country it is called an international trade between India and Arbian country.