TCO 1 What organization was protested in Seattle in 1999 Student Answer Boeing Corporation Starbucks World Trade Organization september 2023

BUSN 427 Final Exam (DeVry University)_Latest tutorial
( TCO 1) What organization was protested in Seattle in 1999? Student Answer: Boeing Corporation Starbucks World Trade Organization APEC (Asia Pacific Economic Corporation) ( TCO 2) According to Francis Fukuyama, the collapse of communism in eastern Europe was followed by which of the following? Student Answer: The new world order The end of history The universalization of Western democracy None of the above All of the above ( TCO 3) Which language is most widely spoken throughout the world? Student Answer: Chinese Hindi English Spanish None of the above ( TCO 3) Which theory deals with competitive advantage for countries? Student Answer: Herckscher-Ohlin Adam Smith’s Wealth of Nations Product Life-Cycle Theory The Leontief Paradox None of the above ( TCO 4) In the last 30 years, the world economy has seen Student Answer: a marked increase in both the flow and stock of FDI. a slowing of FDI overall. FDI grow but more slowly than world trade. a shift away from free-market economies. ( TCO 5) Chile is included in which of the following regional integrations organizations? Student Answer: MERCCOSUR Andean Community NAFTA APEC None of the above (TCO 6) Are the concerns of those opposing Turkey’s admittance to the European Union well-founded? Can Islam, capitalism, and globalization coexist? (Points : 20) ( TCO 7) What are the three staffing policies available to a multinational corporation? ( TCO 8) In distribution strategy, what are the four main differences between countries? (TCO 1) Microsoft is meeting the challenges of expanding into the potentially lucrative Indian market, a market where currently most people cannot afford a computer nor the Microsoft programs to run it. Microsoft has changed its highly standardized approach to markets to develop products specifically designed to meet the needs of the Indian market. In addition, the company has established local R & D operations that it hopes will generate new products for the market. How does Microsoft vary the marketing mix of its existing product offerings to gain traction with Indian customers? What else has Microsoft done to make headway in India? (TCO 2) India is expected to export half a million vehicles a year. South Korea’s Hyundai is leading the charge, exporting over one third of its Indian production. Suzuki and Nissan have both entered the Indian market more recently. Both companies see the Indian market as an important component in their future production and marketing strategies. Why did Hyundai and other global automakers choose India as a production location? What makes India attractive to auto producers? ( TCO 3) Exports are largely responsible for China’s recent rapid economic growth. The country, capitalizing on its cheap labor force, has focused on converting raw materials into products that are exported to developed countries such as the United States. In 2008, China’s trade surplus was a record $280 billion, and its holdings of foreign exchange reserves were over $1.95 trillion. Some critics have suggested that China is following a neomercantilist policy. Are the claims that China is following a neomercantilist policy valid? Why or why not? (TCO 4) Under the North American Free Trade Agreement (NAFTA), Mexican truckers were to have been allowed to drive their trucks directly into the United States and avoid the costly and time-consuming border unloading and loading that took place prior to the agreement. However, fearing job losses in the industry, the U.S. Teamsters Union rigorously opposed the legislation. Although the group ultimately lost its fight, the United States still did not give Mexican truckers freedom to deliver their goods, prompting Mexico to institute retaliatory measures affecting $2.4 billion of goods exported from the United States. Why was the Teamsters Union opposed to NAFTA? What did the agreement mean for truckers? In your opinion, are policies for free trade and investment always beneficial for everyone? (Points : 20) ( TCO 5) Concerning European Union’s progress toward creating a single financial market, the quest started in 1999 was to have been completed by 2005, however, progress has been slowed by various factors related to the tradition of each member country operating autonomously. By 2007, significant progress had been made. Some 41 measures designed to create a single market were in place and others were in the pipeline. The current issue facing the EU revolves around the enforcement of the rules that have been established as law. Some experts believe that it will be at least another decade before the benefits of the new rules become apparent. Discussion of this feature can begin with the following questions. What are the benefits of creating a single financial market in the European Union for companies? Does it make sense for consumers? (TCO 6) Bangladesh, a very poor country, has been able to grow even during the most recent global recession thanks to its strong textile industry. Bangladesh, with its low wages, large investments in textile technology, and strong network of supporting industries is now one of the world’s lowest cost producers of textiles. The country has been able to capitalize on these advantages to increase its exports of textiles to $10.7 billion, up from $9.3 billion in 2007. How has Bangladesh benefitted from free trade and globalization? What did the end of the quota system mean for the country? (Points : 20) ( TCO 7) In May 2001, the IMF agreed to lend $8 billion to Turkey to help stabilize its economy and halt a sharp slide in the value of its currency. Although initially the Turkish government resisted IMF mandates on economic policy, in 2003 the government passed an austerity budget. By 2005, significant progress had been made and today, the country appears to be on track for recovery, with lower inflation rates, an increase in privatization, and a budget surplus. What led to Turkey’s financial crisis? What goals did the IMF establish as part of the loan agreement? ( TCO 8) MD International is an export intermediary for U.S. medical equipment manufacturers. The company has been able to capitalize on falling trade barriers, as well as expand healthcare programs in the Latin American region. MD International currently represents more than 30 companies and sells to some 600 regional distributors. How does an intermediary such as MD International create value for the manufacturers who use it to sell medical equipment in foreign markets? Why do they want to use MD International rather than export directly themselves? ( TCO 9) Boeing made the decision to outsource much of the production of the 787 in the hopes of significantly reducing the time to get the product to market. Boeing also anticipated that its outsourcing strategy would allow it to generate additional sales from the countries that were partners in the process and reduce its costs and risks. Although Boeing’s strategy worked for some components, for other parts the strategy was a disaster. Suppliers were late and some produced poor-quality parts, forcing Boeing to commit additional resources to the project. What are the benefits to Boeing of outsourcing so much work on the 787 to foreign suppliers? What are the potential risks? Do the benefits outweigh the risks? ( TCO 8) By 2015, Ford hopes to compete in North America, Europe, and Asia by offering several global models including the Fiesta, the Fusion, and the Mondeo. The company, which refers to its new strategy as One Ford, anticipates that its global models will share the same components and looks and be positioned in a similar way in each market in which they are sold. What is behind Ford’s One Ford vision? What is the company hoping to accomplish with this strategy?

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