... List five ways to improve communication in an international business relationship 7. Identify five forms of international business activity 8. Discuss terrorism’s impact on globalization Answers to End-of-Chapter Questions Test Your Knowledge Questions for Review 1. How can a company use licensing agreements to enter world markets? By licensing, a company can negotiate an agreement that entitles it to produce or market another company’s product in return for a royalty or fee. The company that obtains the license is responsible for the product quality, promotion, and distribution, and it must pay the other company a percentage of its sales. On the other hand, the company that grants the license avoids shipping costs, trade barriers, and other problems associated with international trade, while still receiving a portion of the revenue from overseas sales. 2. What two fundamental product strategies do companies choose between when selling their products in a global marketplace? Should products be standardized, selling the same brand everywhere in the world, or customized to accommodate local target markets? 3. What is the balance of trade, and how is it related to the balance of payments? The balance of trade is determined by the relationship between the value of a country’s imports and the value of its exports....
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...trade the world? Technological advances have affected communication and trade in the world allot, but in a good way. Now in days we have much more opportunities. We can get information’s to everything by using the internet or television, have contact with friends/family by using cell phones and internet, travel and transport by boats, ships, flies and etc. The rage of technology has given us the ability to do more in less time. In as sense, the world is getting smaller and smaller because of all the technological advances. What has increased the extent to which the world is globalised? First of all I would say the rise of the internet. Then as mentioned above, cell phones and news. An example is that recently 33 Chilean miners were trapped deep underground, and only few hours after the happening, all the world knew about it. This shows how fast the news spreads around the whole world, and if you search the happening on the internet, you will find millions of pages about it. Why might some people claim that an Americanisation of the world is going on? People claim that an Americanisation of the world is going on, because it is undoubted that America plays a big key role in globalisation. Proof of this stand the American firms that have becomed international symbols, such as Microsoft, McDonald’s and Coca Cola which is the top spit, and is often viewed as a symbol of Americanisation. Two America men also invented Google, which is the best known page on the internet. Mention...
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...TECHNOLOGY MAKING THE WORLD SMALLER With television and the internet, more and more people are exposed to more and more language. Even just visiting a chatroom on the internet, there’ll be influence from diverse languages in the chatters’ usernames. Hollywood ensures that English is widespread through movies. Within individual countries, centralized television and expanded communication in general exert a moderating influence that counteracts the countries’ natural tendencies to diverge into multiple dialects. For example, if the United States were suddenly cut off from eachother and isolated, over a period of hundreds of years, the East Coast and West Coast would diverge from eachother linguistically until they were incomprehensible to eachother. But with technology as it is now, that isn’t going to happen. Instead, what dialect does exist, tends to slowly converge. LANGUAGES DYING OUT Some small languages are actually dying out, with younger generations using a more convenient lingua franca instead. In Ireland, for example, the state is doing whatever it can to preserve the Irish language, but the truth is English is used more and more. With smaller languages weakening, the trend is toward a smaller number of languages each with more market share. Of course, these sort of changes take place on the scale of hundreds or thousands of years. People generally don’t want to try learning every language in the world, because there are too many to learn. Imagine, however...
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...e-marketing are two of the most used among other types. Which one of these is more effective? E-marketing is more effective and efficient than traditional marketing in terms of its advantages. First of all, e-marketing can reach a much wider consumer mass and advertising on the internet remains a long time of period. Recently, there is hardly nobody who does not use the internet for every day life needs such as work, education, shopping, banking, etc. Also, most people have tools which provide access to the internet. These tools are laptops, smartphones, tablets, personal computers and so on. Thus, people are subject to many advertisements about everything while surfing on tje internet everyday. Moreover, marketers produce many strategies to capture the consumers’ attention while they are on the internet. They send e-mail to potential customers about their products, they put pop-up advertisements which are released when people click on a link, also in social network sites there are many banner advertisements which is attractive to people. In addition to these, marketers generate websites to promote and sell their product. They provide online selling and cargo services. Therefore, marketing on the internet has many benefit to not only the marketer but also the customer and it converts marketing in...
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...Traditional Access with AT Software How Computing has and is Changing What this means for AT in the future Examples of Cloud Computing Example of AT in the Cloud What Texthelp is working on Questions Introduction • I'm not Martin McKay..sorry to his fans • I am Doug Rosette VP Sales • Spent 20 plus year working with Assistive Technology LD, Blind and Visually Impaired. • Worked for or with the following companies: Texthelp Inc, Cambium Learning, Optelec, EVS, AiSquared • Self proclaimed lover of technology Different Types of Assistive Technology Standalone Systems • • • • Work on their own Do not need Word / Outlook / Browser Single task / Simple use Examples: • Clicker • Boardmaker • Simple AAC software Accessibility Layer Systems • Simply put…they help you to do something else. • • • • • • • Jaws Read&Write Gold ZoomText Hal Supernova Braille Output Devices Co Writer How Accessibility Layer Systems Work USER Screen Readers Word Prediction Braille Output Input Devices Magnifiers Etc. Accessibility Layer ( provided by OS ) MS Word Internet Explorer Outlook Firefox Open Office Safari How has computing changed? A few years ago there where only a few viable platforms to develop AT in. Today there are many and the list keeps growing! What does “more platforms” mean? • For AT Companies • More platforms to develop for • Same size budget • Decisions about what to support • For AT Users • More cool platforms to choose...
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...Globalization What is Globalization? Globalization is a system that turned the world into a small village where people can communicate with each other faster and easier than ever before. However, it is a double-edged sword such that it affects positively on some countries like the United States making it the only superpower that leads the rest of the world, and leaves others suffering from its negative impacts. (Muller, 2005). Although there are a few positive aspects to support globalization in the Arab region, the effects of this system on this part of the world are those that continue to both oppress and leave it behind in the growing world of communications and trade. Not only does globalization harm the region financially, it poses a great threat to the economy, culture and the identity of the Arab world. The impacts of globalization ultimately create negative effects on the Arab Region concerning all of the culture parts particularly religion. This cultural influence changes people’s thought, opinions, and views towards the world. As the values in the Arab Region hold strong to religion, people do not consider it as only a faith, but also as a source of laws and provisions that regulates all their life aspects including marriage and divorce, economic deals, and ruling systems in their countries. (Najjar, 2005) However, after the rise of globalization phenomenon, this belief has changes constantly because of what called secularization, which means “the separation...
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...Introduction In first look, Globalization, internet & entrepreneurship have a weak relation with each other. But if you observe more precision, you can find many relation between them. For example Globalization accelerates the change of technology. Every day it seems that a new technological innovation is being created. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally. All of Globalization, internet & entrepreneurship terms are very popular nowadays but many people don’t know the real meaning of them and the relationship between them. In this article we try to clear the relations. First of all, we have to define the terms. Globalization The most important term in this subject is globalization. Globalization is only a description, describing the state humanity is in right now. It is not simply an economical term, it affects our whole life. It means that we are all interconnected, and physically we are like individual cells of the same body. It is a state we arrived through our evolution, and it is a state we cannot escape. Globalization doesn’t have a clear & brief definition but according to business dictionary globalization means “The worldwide movement toward economic, financial, trade, and communications integration. Globalization implies the opening...
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...ITT Tech * * Since the 1990’s cellphone technology has been sneaking itself into our lives one-text message at a time. We have not only become dependent but addicted to our text trance inducing, video playing, face booking internet device wrapped in plastic and glass. The split second our precious phone could touch social media and the internet it was over, we were hooked and there is no turning back. The cellphone has become the single most used portable computing component of our lives and the most disposable and the most intertwined. We could start our story with vendors or marketers but I will discuss some of the more main stream ideology first, i.e. what makes a smartphone a smartphone by definition. From a technological point the discussion is fairly simple really, you take a small LCD screen, battery, cellular radio, CPU and RAM plus a really cool operating system. Voilà! A cell phone. The advanced micro-technology coupled with highly consumable content and our social interactions make the Internet larger and the world smaller. A user could be texting a colleague in Christ Church who could be doing a Facebook Check-In while texting a Twitter post exposing his or her comments or thoughts to tens of thousands of internet denizens almost simultaneously. Within seconds subscribers throughout the planet are touched or notified minute by minute of goings on all over the globe. Newspapers, magazines, technical groups all “ in the cloud “ and the service...
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...UPS Package Center. • Smart label created • Information sent to processing center • Information processed—stored, address corrected • Information matched to dispatch plan • Package is sorted • Another label is printed specifying delivery truck and position on truck • Geo software used to continuously update dispatch plans for trucks based on current load • Information is displayed on the DIAD IV identifying drop off order, position on truck • At delivery, package scanned. Information sent wirelessly to processing center • Customers sign on the dotted line on the DIAD IV. • Main processing centers store complete track of package for customer tracking 3. What role does wireless communication play in the UPS systems? DIAD IV is wirelessly connected to the main processing centers and the package centers. Generally UPS trucks contain a transceiver to work with the local driver's DIAD...
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...The Battle for Neutrality The internet today is a global system of interconnected networks that serves billions of people worldwide. The internet is one of the most popular means for communication and information in the twenty-first century all over the world. Whether the internet is accessed from an office location, a home residence, a school, or even a mobile phone there is a connection being made with an Internet Service Provider (ISP). An Internet Service Provider maintains the infrastructure that allows different devices to be connected to networks that make the internet. As of today all information or “packets” are treated equally; and consumers pay for the connectivity of the interne. Some consumers pay for a faster connection rate, but do not get faster delivery for a specific type of content just faster for all types of information. This is why the internet today is vastly growing as one of the most popular innovations on the planet, all made possible by Net Neutrality. The argument that is going on states; that service providers can charge websites a fee for faster data transmission then others. Net neutrality states consumers should have access to lawful internet content; run applications and services of their choice; use equipment of their choice without interference from the provider. In the argument on net neutrality it is stated that people should have access to lawful internet at any time. As it stands right now the internet providers’ job is to transmit packets...
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...During the course of AAA 412, there was a major focus on what is next for Africa. Many classes the chronical the journey of Africa, and discuss Africa as a war torn continent, that all major powers in the world want control over because of the vast amount of resources. However, this class talked about the advantages that Africa has, and the possibilities that are ahead for its people and its citizens. This class specifically discussed West Africa and the unique challenges that it has faced and continues to face. However, it was not all doom and gloom, it presented a picture of hope for Africa, and presented solutions to their problems. This is what I found to be most compelling over the course of the class. The idea that Africa, and specifically West Africa, possibly can move past colonialism, imperialism, war, and poverty, to...
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...Research Topic: Is it fair to say that by and large the internet is unregulated? Why or Why not? Internet is basically the world-wide network that connects computer worldwide via TCP/IP protocol for the purpose of exchange of information. At Global level, the Internet is highly unregulated. It lacks the common global authority that regulates the Internet at global level. Nations have law regarding what comes in and goes out through their physical national borders. However, such law does not exist in terms of Internet which is globally available to everyone. There are countries like Saudi Arabia that does regulate internet at national level for example through blocking various websites that are not good for health of nation. Although such blocking may prove effective but considering the growth of internet and number of websites, this is becoming a complex task. To regulate the internet at global level, there is strong need for the authority and framework. There are range of laws at jurisdictional level that need to be considered similar to international trade. To highlight, there are organisations in place for the governance of Internet known as Multi-Stakeholder Organisations (MSOs). One example of such organisation is Information Security Operations Centre (ISOC). However, the general public is unaware of existence of such organisations. The little utilisation of such MSOs in the governance of Internet has led to the system failure in the current legal framework. The purpose...
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...Marketing? This paper is submitted in the partial fulfilment of Marketing Management course By FRANCES GRACEY DADZIE March 2013 SCHOOL OF MANAGEMENT TO DR. FRANCIS PIROH Explain The Differences Between A Standardized And Localized Strategy. Which Are The Advantages And The Disadvantages Of Each One? Explain The Differences Between A Corporation With An Ethnocentric, Polycentric, And Geocentric Orientations. How The Concept Of Competitive Advantage Can Be Applied In International Marketing? This paper is submitted in the partial fulfilment of Marketing Management course By FRANCES GRACEY DADZIE March 2013 Standardization marketing strategy is typically applied to discussion of global businesses and a means to market a solution with uniform consistency throughout the marketing mix. This is an opposite approach to a localized strategy, under which multinational companies differentiate their product and adapt it to fit the unique needs of countries.Localization as defined by the business dictionary is where by a business operates in a number of countries, adjusts its products and practices in each at a high relative cost, with a committed operating presence in each markets of other nations. Standardization on the other hand is where by a company produces same or standardizes all the products its produces to all nations. For example coca cola drink is a standardized product that is it is the same branding, colour, taste where ever you go. OK, even...
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...Research Topic: Is it fair to say that by and large the internet is unregulated? Why or Why not? Internet is basically the world-wide network that connects computer worldwide via TCP/IP protocol for the purpose of exchange of information. At Global level, the Internet is highly unregulated. It lacks the common global authority that regulates the Internet at global level. Nations have law regarding what comes in and goes out through their physical national borders. However, such law does not exist in terms of Internet which is globally available to everyone. There are countries like Saudi Arabia that does regulate internet at national level for example through blocking various websites that are not good for health of nation. Although such blocking may prove effective but considering the growth of internet and number of websites, this is becoming a complex task. To regulate the internet at global level, there is strong need for the authority and framework. There are range of laws at jurisdictional level that need to be considered similar to international trade. To highlight, there are organisations in place for the governance of Internet known as Multi-Stakeholder Organisations (MSOs). One example of such organisation is Information Security Operations Centre (ISOC). However, the general public is unaware of existence of such organisations. The little utilisation of such MSOs in the governance of Internet has led to the system failure in the current legal framework. The purpose...
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...Billings Research Paper Dig 3286 Dromology and Convergence In today’s world of instant digital information and communication technology is constantly advancing. Inventors are constantly working to produce new awe-inspiring products. The goal of all these new products is to work faster than the ones that came before it. Of course, technical advancement is nothing new. Whether it was the car, the microwave, or a vacuum cleaner all were produced to increase the speed at which we do things. The difference is that digital technology is increasing not only the speed of the new products, but the speed at which these new products are being produced. Either way it is safe to say that technology and the world revolve around speed. The main goal of every industry is to do things fast and efficiently. Accessing information and communication is already faster than one could have ever imagined. The quest now is to become even faster. Push technology to its limits. In fact, the quest now is to set new limits. Is it plausible to think that we could one day communicate faster than the speed of light? Olympic track athlete Usain Bolt is a good comparison to where we are today as a technological society. His record breaking 100 meters times have reached mythical proportions. It used to be that taller heavier athletes were at a disadvantage in the 100 meters. Their height and weight would work against them, allowing the smaller runner to jump out to a lead that could not be overcome. Bolt however...
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