Personally I agree with what Anne O. Krueger is exclaiming and that economic globalization should be implemented. Economic globalization will in the end better the economy as a whole. Some small businesses may suffer, but as an entity the country will benefit. By reducing all tariffs the world of trade will broaden and expand to the lengths of the world. This will allow different parts of the world to enjoy merchandise that is specific to one country.
'International aid brings both benefits and problems for a country trying to develop its economy' with the aid of named examples evaluate this view. (30 marks) International aid can bring many problems to a country in need of development, this is usually through the ill-use, ill-deployment and abuse of International aid by both the donor countries and the recipient countries. However, effective aid brings more benefits to developing countries than problems is the aid is properly allocated to the area most in need and the aid is not ties so that it benefits the donor. International aid can bring problems to a developing country as it can be an obstacle to development and can provide other problems put forward by the political right. Aid can become an obstacle to development because of the tied nature of much aid, which benefits the donor country more than the recipient, in economic terms.
This would increase the costs and result in the firms passing on the costs to the consumers, this would increase the prices of the goods causing negative externalities and discourage them from being bought. If there is an over production in the goods due to negative externalities, it means (s) has shifted to (s1). Which results in too many goods being supplied out to the public. The prices are also very low which makes it easier for them to buy goods, especially those with lower income. At the point the social cost [s1] is not taken into account only the private cost is.
Suggest why some people and not others benefit from the growth of Transnational Corporations (TNCs) Some people benefit from the growth of Transnational Corporations than others. MEDC’s benefit from the growth of transnational corporation because of cheaper imports from LEDC’s which benefit the consumers in MEDC’s as the prices will be cheaper, resulting in high produce, cheap price and ability to appeal to its market and compete with other companies. Another benefit of TNCS is that the loss of industry to LEDC’s can improve the environmental quality in MEDC’s, therefore reducing their CO2 emission and helping combat climate change. LEDC’s do to some extent benefit, as the workers has access to employment and the development of new skills. This will mean the population will have more money which will go into the economy, this will mean more income for improving infrastructure and services.
This allows for information to be shared much easier, faster, and in a more efficient way. This also helps build trust between the two organizations because neither company is trying to hide information from each other. However, a disadvantage of this point-to-point system is that one group at a company might not agree with the employee practices at the other company and tension can be created between the departments and escalate to bigger issues in the future. 3. What role does trust play in the relationship between Whirlpool Corporation and Inland Steel?
Company G has prided itself on cultivating relationships with it's suppliers built on honesty, confidence, and allegiance in order to facilitate profits for both parties. However, as popularity may grow for the product so too may the market and suppliers might consider increasing costs, in which case a fixed contract would be discussed. Threat from Substitutes – If the Little Wonder does prosper their may be threats from substitutes from larger companies that are able to produce a similar product on an increased scale thereby reducing it's price and making it difficult for Company G to compete. SWOT Analysis A SWOT analysis has been done for Company G and the outcome is clearly positive. The details of that evaluation: STRENGTHS Dedication from management, employees, and suppliers 1.
• What are some practical considerations of taking legal action against a foreign business partner based in another country? The practical considerations that need to be taken into account before legal actions can be taken against a foreign business based in another country are International Laws, foreign country laws, domestic laws, contracts or agreements that have been previously agreed to by all parties. Considering these options can save the business money and preserve the business relationship if all parties are aware of the contracts that were entered into and if the contract is enforceable. We would also have to consider where legal action is to be taken; as it could cost more money to take action in a particular country and this could make taking legal action impractical. • What factors could work against CadMex's decision to grant sublicensing agreements?
The job of a salesperson ranges from order takers to order getters. Personal selling is the key to developing strong relationships because it is directed toward achieving mutually satisfying results between customer and seller, which will sustain and enhance future interactions this is very important because it is a lot cheaper to retain current customers than to attract new ones. However, “In a results-oriented environment, the foundation of many compensation systems, sales quotas can focus sellers and managers in a direction inconsistent with customer-oriented selling.”(“Evans”,
Focus groups are also good to hold because if the group didn’t respond well to the product then Tesco can take that on board and change it before they release it. After the focus group give their personal and group feelings about what they thought about the product the organisation can think about improvements and how to change it, in order to gain sales for when they release it later on. However the focus group individual will be valid as all opinions are closely monitored. Lastly focus groups can save time and money compared to the individual interviews. * The limitations of focus groups on the other hand is there being disagreements and other discussion going
Q2 What cost savings do you predict from the Charlotte Pilot? The centralization pilot program has advantages over the usual decentralized structure in terms of saving cost. In declining economic environment and increased competition, centralization has the potential to reduce the dormant staff especially the multiple credit managers who are allocated the same branch office. In addition, centralization will ensure that Ferguson rides on the informal performance ranking. Duplication of duties occasioned by decentralization consumes much of Ferguson revenue and thus the intended centralization will eliminate this weakness.