Essay on Busniess - 1150 Words

Homework Assignment: Chapter 3 and Chapter 4 NOTE: Follow the instructions for sending your homework to me that you’ll find in the Learning Module 1 Lecture Notes. START COPY HERE (Chapter 3)************************************************************ Your Name: Xin Song Chapter 3 Homework (type your answer below each question; keep your responses concise) 1. Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing? 2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? 3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not? 4. Take a†¦show more content†¦Another key risk of foreign outsourcing involves social responsibility. Q2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? Sociocultural differences include difference among countries in language, attitudes and value. Also some specific, and perhaps surprising, elements that affect business include nonverbal communication, forms of address, attitudes toward punctuality, religious celebrations and customs, business practices, and expectations regarding meals and gifts. The best way to jump over sociocultural barrios is to conduct thorough consumer research, cultivate firsthand knowledge, and practice extreme sensitivity. Q3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not? NAFTA is the treaty that created the free-trading zone among the United States, Mexico, and Canada. Despite dire predictions of American jobs flowing to Mexico, the U.S. economy has grown significantly since the implementation of NAFTA. The Canadian and Mexican economies have thrived as well. Other criticisms of NAFTA include increased pollution and worker abuse. But the full impact of NAFTA—for better or for worse—is tough to evaluate because so many other variables affect all three economies. NAFTA makes North America formed a more open trade in services market, in many complex and highlyShow MoreRelatedBusniess1780 Words   |  8 PagesClub IT Club IT is a nightclub owned and operated by Ruben Keys and Lisa Tejada. The club has retained and even increased its niche customer base making it a success, so far. The evenings are usually the busiest time for Club IT because locals enjoy going out to eat, drink, and socialize with friends. Ruben and Lisa decided with this success it is time to expand; more specifically, they want to expand on their information system for more than profitability to the club but to allow their customersRead Morehnd busniess1128 Words   |  5 PagesAssignment front sheet Qualification Unit number and title Pearson BTEC Level 5 HND Diploma in Business Unit 5: Aspects of Contract and Negligence for Business) Assessor name Student name Barrister A S M Sayem Uddin Khondoker Date issued Completion date 03 February 2014 ____/_____/ 2014 Assignment title Submitted on Contractual Aspects and Business Negligence: Application in Business Context Learning outcomes Assessment criteria for pass The learnerRead MoreEssay Robber Barons in America1193 Words   |  5 Pagesabout the ones that I found most interesting to me. I would first like to tell you about Cornelius Vanderbilt. Cornelius Vanderbilt was born in Port Richmond on Staten Island, N. Y. in 1794. Cornelius at the age of 16 had already stepped into the busniess world and he didn’t even know it. At 16 he entered into the steamboat business when he established a freight and passenger service between Stanton Island and Manhattan. Little did Cornelius know this would be one of the key ways he would make hisRead MoreGay Marriage And The Civil Rights Movement791 Words   |  4 Pagessame-sex marriage is that it is not â€Å"practical†, or they are â€Å"uncomfortable† with non-standard marriages. Say your neighbors get married, and they are both men. How does that directly effect you and your life? Who a person loves is not another person s busniess. Maybe I am biased against those who do not support same-sex marriage is because I am a bisexual Christian woman. While I have not â€Å"come out† to everyone in my life, I often hear discrimanatory statements toward bisexual people, calling them â€Å"comfused†Read MoreImportant Components Of A Virtual Team Performance Essay1191 Words   |  5 Pageswill not be efficient and effective as well as members can get frustrated. It is crucial for all members to be committed to the agreed upon schedule and follow the timeline. â€Å"Virtual teams that connect their day-to-day work to the organization’s busniess strategy and objective are more likely to stay commited and engaged over time†(Derosa Lepsinger, 2010, p. 51). Commitment and engagement can be challenging if members are multi-tasking and participation are limisted with a virtual meeting. Read MoreDrinking Age During The United States Of America1325 Words   |  6 Pageskeeping 10% of funding for highways (Murray). The agency in charge of taxing and making revenue from the sale of liquor would be the ATF. By lowering the age to eighteen you would then be placing them in a position to make more money, as well as small busniess, bars and pubs across america. More money and a promising future of less teen angst and rebellion over current outstanding laws, as well as giving our nation s young adults their right back.Read MoreSample Management Principles And Practice1478 Words   |  6 PagesManagement An Introduction. 5th Ed. Financial Times Prentice Hall Campbell, Stonehouse Houston. (2002) ¬ Figure 1.3, the stakeholder map (adapted from Mendelow, 1991) [Stakeholder map] Retrieved from https://qamarwaince.files.wordpress.com/2012/02/book-busniess-strategy-an-intro.pdf CORPORATE RESPONSIBILITY REVIEW. 1st Ed. Corporate Edge, 2006. [pdf] Tesco. Available at : https://www.tescoplc.com/files/pdf/reports/tesco_cr_review_2006.pdf [Accessed 13 Oct. 2015] CORPORATE RESPONSIBILITY 2014/15 HALF YEARRead MoreCase Study Report : Air Products And Chemicals Inc1706 Words   |  7 Pages COIT20252 BUSNIESS PROCESS MANAGEMENT Case Study Report - Air Products and Chemicals Inc. SUBMIT BY: SUBMIT TO: Mukul Kaushal (S0274499) Tutor-Chandana Watagodakumbura Venkata Ramana Pendem (12031520) Course Coordinator-Ritesh Chugh Manish ChowdaryRead MoreThe Whale Is A Hoax Essay1807 Words   |  8 Pagesbulk; the undeliverable, nameless perils of the whale; these, with all the attending marvels of a thousand Patagonian sights and sounds, helped to sway me to my wish.† It seems thsat for a gentlemen who claims to know absolutly nothing about the busniess of whaling Ismael knows an aweful lot. Infact Ismael knows more then he should, just by looking at this quote alone the idea that something doesn’t quite add up is rather obveious. Ismael claims to have never been on a whaling voyage before and yetRead MoreMacro Micro Economics2304 Words   |  10 PagesPPF: * SCARCITY * EFFICIENCY, INEFFICIENCY AND UNEMPLOYMENT * OPPORTUNITY COST * ECONOMIC GROWTH IN THE LONG RUN * ECONOMIC GROWTH IN THE SHORT RUN THE FIRM The FIRM or a BUSNIESS is an organisation that brings together the resources, utilises them for the creation of goods and services in order to earn the maximum profits. THE GOALS OF THE FIRM * Primary objective of the firm (to economists) is to maximize profits