18.2.28_Homework1.docx

4 in short essay discuss the various stages of

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4) In short essay, discuss the various stages of International Product life cycle (IPLC) theory. 3
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HOMEWORK ASSIGNMENT 1: CHAPTER 1-7, 15 When products are introduced into to the market, the product sees an initial rapid growth in sales because market demand is not met. As interest in the product grows more people want to purchase the product, and sales and demand level off. Once demand is satisfied, the product will see a decline in sales and demand to level which requires product replacement. The product life cycle is accelerates as a result of economies that rarely introduce new innovations but rapidly imitate or replicate the successes of others. These economies introduce lower cost versions of new products and create a faster market decline and saturation. Growth Maturity Decline 5) Briefly explain Theory of absolute advantage & Mercantilism. The theory of absolute advantage states that a country benefits by producing primarily those products which it has an absolute advantage, those that it can produce using fewer resources than any other country. Each country can increase its wealth by specializing in the production of goods in which it has unique advantages, exporting those goods, and importing other goods which it has no particular advantage. Mercantilism is the first theory of international trade which, and argues that national prosperity results from a positive balance of trade achieved by maximizing exports and minimizing or impeding imports. Chapter 4 1) List some of the international code of conduct for MNE. Give two examples of corporate social responsibility of MNE. Code the conduct is the code of ethics regarding behaviors and practices that are prohibited and required. Sexual harassment, conflicts of interest, racial discrimination and acceptance of gifts are covered in the code of conduct. Corporate social responsibility is operating in a manner that meets or exceeds ethical, legal and commercial expectations of customers, shareholders, employees and communities where a company does business. Company’s that practice CSR behave ethically and support strategies that consider the social economic and environmental impact of business. Examples of 4
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HOMEWORK ASSIGNMENT 1: CHAPTER 1-7, 15 CSR include eliminating child labor, avoiding human rights abuses, and upholding the right to join or form labor unions. Chapter 6 1) Discuss major types of legal system. Legal systems provide the context for rules and norms of conduct that regulate, limit or permit certain relationships among people and organizations and provide punishments for those who violate these rules and norms. The major types of legal systems include common law, civil law, theocratic and mixed law. Common law is based on tradition, previous cases, and legal precedents set by the nations courts through interpretation of statues, legislation and past rulings. Civil law origins go back to Roman law and is based on an all inclusive system of laws that have been clearly written and accessible. It is divided into three codes (commercial, civil, and criminal). Civil law is considered complete. Theocratic or religious
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