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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
Why do countries trade with one another?
to get good inports and exports to be used through their lives!!!
How did china people become rich?
There are several factors that have contributed to the economic growth and development of China in recent decades, which has led to an increase in wealth for many Chinese citizens.
One key factor has been the country's shift towards a market-oriented economic system, which began in the late 1970s under the leadership of Deng Xiaoping. This has led to increased foreign investment, greater economic liberalization, and the growth of private enterprise.
Another important factor has been China's large and rapidly growing workforce. This has allowed the country to take advantage of economies of scale and become a major player in global manufacturing and export markets.
Additionally, China has made significant investments in infrastructure, education, and technology, which have helped to improve productivity and drive economic growth.
China's government has also played a major role in driving economic development through policies such as targeted investment in strategic industries, and the promotion of entrepreneurship and innovation.
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All these factors have led to a significant increase in the standard of living for many Chinese citizens and the rise of a large middle class.
How much is 500 euros in American dollars?
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 500 euros 740 dollars. The dollar is weak.
How should you introduce a new product in a foreign country?
Probably your best approach would be to find an existing distributor of similar products, or at least products in the same general area. (e.g. engineering, food, hospitality)
Keep open the option of moving away from this distributor in some reasonable time.
Don't be too greedy in early days.
What are the major changes that have occurred in the market for crude oil?
world changes in the past two decades
What is international corporation?
International Corporation is a firm which provided its services or products for worldwide demand. In general, it looks a big company that has many others subsidiaries around the world and would be interested by the most of the population in the universal. International Corporation also looks like a Multinational Corporation (MC).
Is there a company called TRIAX that provides security services in Iraq?
There is a company called TRIAX who offers services not just in Iraq but all over the globe!
What are the implications of foreign exchange in marketing?
Pricing your products is one of the most important aspects of marketing. As such, fluctuations in foreign exchange could play a large role in your product pricing. For example, your product costs $50 USD to produce and sells for $100 in the US market. Exporting to England will cost your tariffs AND the USD is roughly .5 BPG (pounds). Do you sell your product for 100 GBP? What happens when the exchange rate goes from .5 GBP/USD to .4 or .6? Do you reprice all of your products in the British market? Do you set a "safe" price to manage +/- expected fluctuation?
This also means an American traveling abroad would end up paying $200 for your product and a British consumer, who does not generally earn a 1:1 USD:GBP ratio, will end up paying a hefty premium.
How much is 5000 euros in American currency?
1 euro is 1.48 dollars today Aug 21, 2008. Or 1 dollar is 0.67567 euros. So, you need for 5000 euros 7400 dollars. The dollar is weak.
Why is international management important?
International management is important because business owners want to maximize their profits abroad as well as in their home country. With good management, owners can realize a nice return on their investments.
Has anyone ever ordered from a website called eleaaa?
yes, these guys are scammers, I ordered £900 of product from them then they disapeared. do not deal with them.
hope this helps
C
Types of international business?
types of international business..
1. Countertrade
2. Direct Investment
3. Franchising
4. Multinational Firms
5. Offshoring
6. Joint Ventures
7. Outsourcing
8. Importing
9. Licensing
10. Contract Manufacturing
11. Exporting
Sources of conflict in international business?
There are various things which can cause conflict in international business. For example, it can come from competing with another company out of the market.
What is early harvest agreement in international trade agreement?
Early harvest refers to the mutual reduction in tariffs on few products prior to entering into a full fledged free trade agreement.
What type of trade restrictions does international trade have?
There are many types of trade restrictions: 1. Tariffs
2. Embargoes (also known as bans)
3. Quota
4. License
5. Subsidies
What do you mean by international business?
1. The exchange of goods and services among individuals and businesses in multiple countries.
2. A specific entity, such as a multinational corporation or international business company that engages in business among multiple countries.
What is the role of outside consultant in training?
A number of people believe that the training consultants are the people who teach the teachers, however this will be too simple a description for a lot more difficult role. It is not at all strange to hear that a training consultant is the person who teaches the teacher. This point just touches a single role of a professional training consultant.
he training consultants over and over again do teach the people that are running the teaching section of an organization. This is only a part of the training consultant's job; on the other hand, it is not the most significant part of it.
A consultant's job is to help in the development of the teaching program of a particular organization. In the commerce world every year almost 54 billion dollars are exhausted on training itself. As a number of business applications require multifaceted IT, this number is expected to increase. Guidance within an organization is given to the new workers; however it is considered necessary for the long term workers as well. The training is imparted to tune the skills or to teach the new skills in an altering environment or with the beginning of the latest IT system.
The training consultant's work is to provide the necessary advice to the trade training branch on how to structure and organize this guidance to take the full advantage of its efficiency. The training consultant's job involves a good deal of evaluation. If a training plan is in place, then in that case the training consultant will be able to evaluate that how it is functioning and if it does not exists, they know how to plan what is required. This job involves measurement of outcomes, the capacity to assess the efficiency of training is extremely important to assure the finest utilization of time and the money spent on the training program.
In various cases, teaching might not be the finest answer to a meticulous problem. A high-quality training consultant is able to detect what kind of training is needless and is also able to detect that in which respect the organization is lacking behind. The complete assessment of a training agenda covers each and everything from the lesson materials to the aptitude level of the instructors. Hence it is correct to say that a lot of training consultants teach the teachers, but this field has stretched beyond this also.
In times of rapid change, both small and large businesses today are increasingly viewing training as an investment, not a cost. If your business uses outside training consultants, you will want to maximize your return on this training investment. Qualified training consultants and seminar leaders will have these characteristics:
Training consultants will help you determine your specific training needs.
Prior to selecting a training consultant, it is good to have at least a general idea of what your training needs are. A training consultant should be able to analyze your specific training needs to identify the type(s) of training programs necessary to produce the results you require.
Training consultants will tailor training programs to address your specific training needs.
While there are a number of "off-the-shelf" packaged training programs available, they may not meet your specific business needs. Training programs need to be adapted for greater effectiveness. The return on your training investment will be increased if the training consultant tailors a program to meet your specific training needs.
Training consultants will continuously improve their own training delivery skills.
It is very important for trainers to be knowledgeable in their areas of expertise. Trainers are aware that knowledge alone will not produce results. Effective delivery of information and skills to adult learners is essential. After all, how many seminar participants do you know who enjoy boring lectures? Trainers frequently improve their effectiveness by joining the American Society for Training and Development, the National Speakers Association, and/or Toastmasters to enhance their skills.
Training consultants will evaluate training programs to show their effectiveness.
Trainers regularly evaluate training programs to determine their effectiveness. Training consultants should be able to provide you with example evaluation results of training programs that interest you.
Training consultants will have references available to prove their track record.
Trainers should have practical experience in the industries where they have expertise. Training consultants will have references of clients they have provided services to in your industry. Before you select a trainer, call the references provided to make sure you are seselecting an effective trainer, one who can deliver on your training investment
Rate the candidates overall performance from 1 to 5 1 being poor 5 being excellent give reasons?
This is a case where you should be honest. Rate the person as your best judgment sees fit. Give the reasons why you assigned the numbers that you did.
What are the advantages of air transportation?
Air transportation is used in reference to traveling by airplane. The advantages of air transportation is shorter travel times and in many cases more affordable means of traveling.
What are the different types of crops grown in India?
India produces different types of crops due to difference in soil and climate. The major crops grown in India are :
- rice
- wheat
- maize
- millets ( ragi, jowar, bajra )
- pulses
- tea
- coffee
- cotton
- sugarcane
What is an Offshore Management Company?
An offshore management company offers a range of corporate, administrative, financial and management services to assist international clients in setting up and maintaining their businesses. It's also synonymous of offshore outsourcing where foreign companies outsource their companies' minor function to outsourcing companies outside their country.
How many stamps to mail letter from TN US to UK?
According to the US Post Office postage calculator (link attached to this answer) the current cost for the most basic postage, first class letter to from the US to the UK, is 94 cents. If you don't want to go to the post office to get the exact postage you need, three first class stamps would do it. You'd be overpaying, though.
International Postal Union treaties used to require that postage have the cost printed on it to be honored for international mail. If this were still true, the "Forever" Stamp wouldn't be honored for international mail. However, the US Post Office stated in an online press release that the Forever Stamp is fine for international postage. You do, however, still need to add additional postage equal to the difference between the current US First Class letter rate and the higher International rate.
A cag is a slang term for a cagoule, or an obsolete term for a keg.
