CORK INSTITUTE OF TECHNOLOGY INSTITIÚID TEICNEOLAÍOCHTA CHORCAÍ Autumn Examinations 2013/2014 Module Title: International Business Environment Module Code: MGMT7070 School: School of Business Programme Title: Bachelor of Business in Marketing Bachelor of Business (Honours) in Marketing Bachelor of Business in Management Programme Code: BMKTG_7_Y3 BMKTG_8_Y3 BMGT_7_Y3 External Examiner(s): Internal Examiner(s): Prof Jimmy Hill Ms. Colette M. Murphy Instructions:
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changes in how financial markets operate. Since the economic crash, how have the Financial Markets changed how they function? Nationalization of banks (bailouts); G20 conference financial packages on offer; BRIC countries wanting more say/power in the global order; Quantitative Easing and LTRO (European Sustainability Fund, Troika) in Western banking. * Can this new financial system be sustained when it is so heavily dependent on Central Banking bailouts? * Hedge Funds – why is money flowing
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Chapter 7 Government Intervention in International Business GOVERNMENT INTERVENTION 1. In a short essay, describe two methods of government intervention. What is the purpose of government intervention in international business? Answer Government intervention is often manifested as protectionism. Protectionism refers to national economic policies designed to restrict free trade and protect domestic industries from foreign competition. Protectionism often leads to two types of intervention: tariffs
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OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium Seeks Protection THE CASE FOR GOVERNMENT INTERVENTION Political Arguments for Intervention Country Focus: Trade
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Historical behaviour of food prices and their likely future path By Anne-Sophie Corbeau Georgios Gavotsis Jie Yue Michael Mahmoud Nanditha Chinnaraj Raphael Zumofen Business Economics Lecturer: Professor David Shepherd Imperial College Business School MSc Management Word Count: 2495 10th November 2011 “The common theme for why all these commodity prices are higher is the substantial increase in fund flow into these
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management(Government intervention (Constrained freely changing destination, routes and pricing (4. 1. MANAGEMENT CONSTRAINT • 5. Constrained Freely ChangingDestination, Routes And Pricing • MAS suffered high losses due to poor management & fuel price increases. • MAS operations were identified as the causes of the RM1.3 billion loss are: – Escalating fuel prices – Increased maintenance and repair costs – Staff costs – Low yield per available seat kilometre • 6. Government Intervention • Transformation
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Assignment on Business Environment Introduction: Business environment is composed of two words ‘Business’ and ‘Environment’. In economic sense ‘Business’ means human activities like production, purchase or extraction or sales of products or services that are performed to earn money. Meanwhile ‘Environment’ means the aspect of surroundings. Business environment is the set of conditions institutional, political, economical, legal or social that is uncontrollable and affects the functions of the
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by the government as well as private individuals. i.e. co-existence of both public sector and private sector. * Market forces prevail but are closely monitored by the government. Advantages * Producers and consumer have sovereignty to choose what to produce and what to consume but production and consumption of harmful goods and services may be stopped by the government. * Social cost of business activities may be reduced by carrying out cost-benefit analysis by the government. *
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Case: Anglo American PLC in South Africa (from Lesson 5) 1 Who are the various stakeholders that Anglo American needs to consider as it adopts an effective HIV/AIDs strategy? - Anglo American employees and their families - Government bodies - Non- Profit organizations (NGOs)/ World Health Organization (WHO) - Competitors/ Other large mining concerns or companies operating in South Africa - Pharmaceutical companies - National Union of Mine Workers - Financial Institutions - Shareholders
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Marketing Marketing entails processes that focus on delivering value and benefits to customers, not just selling goods, services and/or ideas. This uses distribution, communication and pricing strategies to give customers and stakeholders with the goods, services, ideas, values and benefits they desire when and where they want them. There are some market management philosophies. They are production orientation, sales orientation, market orientation and societal marketing orientation. Production
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