Over the past few years, South Korea has successfully constructed a stable governance with a
coherent democracy, allowing a prosperous infrastructure (Kalinowski & Rhyu, 2015). The Political
system of South Korea is based on a republic form of government,
Importance of international marketing:Many firms today operate within international environments of opportunities and threats
Firms need to consider issues like:Domestic and international differences
How to segment international markets
How to configure t
BSB119 Practice One
Multiple Choice Questions
Q.1 _ are the two macro factors that seem to underlie the trend toward greater globalisation.
A. The increase in global economic stability, and the slowdown in technological change
B. The increase in barriers
What is business ethics?
Ethics is defined as an individual's personal beliefs about right and wrong behaviour. Ethics is not just the
practice of individuals; it is a value shared by society as a whole. Applied to business, ethics attempts to
(Low pressures for local responsiveness and global integration. Eg Flight Centre - it uses the marketing, buying and
distribution techniques used in Australia in foreign stores as well.)
Special case of exporting for firms that set up pro
Levels of understanding:
Awareness (differences exist); Understanding (nature of the differences and their implications); Competency (able to function in different cultu
Advantages of understanding (a reputation able to handle cultural diversity)
The three main benefits of FDI for the host country are the resources-transfer effect, the employment effect, and the balance-of-payments effect.
These potential benefits are explained in more detail below.
The Resource-Transfer Effect
FDI can make a posi
Country with a high Power Distance score both accepts and perpetuates inequalities between people. An example of such a society would be on
e that follows a caste system and in which upward mobility is very limited.
A low Power Distance indicates that a s
The market economy is used by all major industrialised countries. However, large corporations, trade unions and governments limit the freedom
of the market. In entering a market a MNC needs to assess the impact of these factors.
Increasing Product Variety and Reducing Costs
A nation may be able to specialise in producing a
narrower range of products than it would in the
absence of trade, yet by buying goods that it does not
make from other countries, each nation can
Change assessment item - quickest way to change student learning (Elton
and Laurillard in Biggs, 1996)
Experiential learning -to become adapt at thinking and reasoning students
need practice in solving real problems (Shepard,1989)
Case Studies disadvantag
The macro political risk that evolved and provoked drastic changes in Venezuela business
environment. Hugo Chavez took the office of Venezuela, which lead to many concerns between
residents of actions towards to control Venezuela and enhance his pe
The exchange rate at which a foreign exchange dealer will convert one currency into another on that particular day
The exchange rate between two non-dollar currencies (or between two currencies, both of which are not the official