Exam (elaborations)
INT4801 EXAM/ POE GUIDE 1 (2021/22)
- Course
- Institution
- Book
The document contains frequently asked questions and proposed solutions. It is essential for examination and Portfolio of Evidence (POE) preparation.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. (Complete Download) Updated A+
-
TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All SECTIONs 1-20 VERIFIED 2023/2024
-
TEST BANK For International Business Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. Questions and Correct Answers 100% (Complete Download).
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
Compiled by Tello Email:muzavazi47@gmail.com Mobile:+27717513144Disclaimer
The Exam pack is centred on INT48012021/22 random questions. It is a product of
internal and external research that includes the study guide, prescribed text books and
other authentic sources. It is therefore, advised for students not to share it as it is for the
benefit of paying students. For clarity, students are free to call on the provided number
and/ email.
+27717513144 Page 1
,Compiled by Tello Email:muzavazi47@gmail.com Mobile:+27717513144
Table of Contents
QUESTION 1: Extensively analyse the relevance of subsidy as an instrument of
trade restriction, especially in agriculture sector......................................................... 2
Introduction. ............................................................................................................ 3
Trade restriction. .................................................................................................. 3
Conclusion. ............................................................................................................. 5
QUESTION 2: Discuss the various economic systems and how these systems affect
globalization. .............................................................................................................. 6
Introduction. ............................................................................................................ 6
Free market economy. ......................................................................................... 6
Command economy. ............................................................................................... 7
Mixed economy. ...................................................................................................... 8
Conclusion. ............................................................................................................. 8
QUESTION 3: Discuss in detail the vital role played by culture both during and after
international business acquisitions. ............................................................................ 9
Introduction. ............................................................................................................ 9
Culture. ................................................................................................................ 9
Conclusion. ........................................................................................................... 11
Question 4: Taking into account the dynamics of foreign operations, critically discuss
expatriate training and development. ....................................................................... 12
Introduction. .......................................................................................................... 12
Training and development. ................................................................................ 12
Ethnocentric staffing approach. ......................................................................... 13
Polycentric staffing approach............................................................................. 14
Geocentric Staffing approach. ........................................................................... 15
Conclusion. ........................................................................................................ 15
Reference List. ......................................................................................................... 16
+27717513144 Page 2
, Compiled by Tello Email:muzavazi47@gmail.com Mobile:+27717513144
QUESTION 1: Extensively analyse the relevance of subsidy as an
instrument of trade restriction, especially in agriculture sector.
Introduction.
Globalisation has been at its peak in the early 2000s. This has pushed different
economies through international businesses to expand in foreign economies as they
look for different factors that include cheap labour, ready market among others.
However, host-countries have felt the heat especially developing economies and this
has pushed them to develop restrictions in certain sectors. Developed economies on
the other hand also managed to have restrictions as a matter of national security. In
this essay, restrictive measures in particular, subsidies, shall be explained with
respect to agriculture as an example on how nations are protecting strategic sectors
as well as infant businesses.
Trade restriction.
A subsidy is a direct or indirect payment to individuals or firms, usually in the form of
a cash payment from the government or a targeted tax cut (Hill & Hult, 2017). In
economic theory, subsidies can be used to offset market failures and externalities in
order to achieve greater economic efficiency. Subsidies offered to domestic
producers have the intention of helping an industry. Subsidies give the receiver of
the subsidy a cost advantage over competitors and they form part of industry
protection. Producers who receive a subsidy to cover costs can charge lower prices
for their products giving them an unfair advantage on the international market.
Subsidies granted to home producers also have essentially the same economic
impact as taxes on imported goods.
Anderson (2018) further argues that, a subsidy can be in a form of payment by the
government to producers or distributers in an industry to prevent the decline of that
industry or an increase in the prices of its products or simply to encourage it to hire
more labour. Governments often serve to reinforce the unequal distribution of
resources and gains from trade resulting from differences in size and economic
power. Developed nations` governments influence world economic affairs by their
domestic and international policies (USA, EU). They can resist countervailing
economic pressures from weaker nations and can act in collusion and often in
+27717513144 Page 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.94. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now