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business
business communication

Questions and Answers of Business Communication

For the Shafer Office Supplies, suppose that the company wants to enforce a single sourcing constraint that each retail store be served only from one distribution center. Set up and solve a model to
Premier Paints supplies to major contractors. One of their contracts for a specialty paint requires them to supply 750, 500, 400, and 950 gallons over the next 4 months. To produce this paint
Use the Outsourcing Decision Model Excel file to compute the cost of in house manufacturing and outsourcing for the following levels of demand: 800, 1000, 1200, and 1400. Use this information to set
Assume that you researched insurance industry statistics and found out that the probability of a major accident is 0.05% and that the probability of a fender bender is 0.16%. What is the expected
For the DoorCo Corporation decision in these Problems, construct a decision tree and compute the rollback values to find the best expected value decision.The DoorCo Corporation is a leading
For the car rental decision in these Problems, construct a decision tree and compute the rollback values to find the best expected value decision. "Suppose that a car rental agency offers insurance
For the car rental decision in these Problems suppose that the cost of a minor fender bender is normally distributed with a mean of $ 2000 and standard deviation of $ 100, and the cost of a
An information system consultant is bidding on a project that involves some uncertainty. Based on past experience, if all went well (probability 0.1), the project would cost $ 1.2 million to
Mountain Ski Sports, a chain of ski equipment shops in Colorado, purchases skis from a manufacturer each summer for the coming winter season. The most popular intermediate model costs $ 150 and sells
Bev’s Bakery specializes in sourdough bread. Early each morning, Bev must decide how many loaves to bake for the day. Each loaf costs $ 1.25 to make and sells for $ 3.50. Bread left over at the end
A patient arrives at an emergency room complaining of abdominal pain. The ER physician must decide on whether to operate or to place the patient under observation for a non appendix related
Midwestern Hardware must decide how many snow shovels to order for the coming snow season. Each shovel costs $ 15.00 and is sold for $ 29.95. No inventory is carried from one snow season to the next.
Find the optimal order quantity and optimal expected profit for probabilities of a harsh winter ranging from 0.2 to 0.8 in increments of 0.2. Plot optimal expected profit as a function of the
The DoorCo Corporation is a leading manufacturer of garage doors. All doors are manufactured in their plant in Carmel, Indiana, and shipped to distribution centers or major customers. DoorCo recently
Dean Kuroff started a business of rehabbing old homes. He recently purchased a circa 1800 Victorian mansion and converted it into a three family residence. Recently, one of his tenants complained
"A college football team is trailing 14– 0 late in the game. The team just made a touchdown. If they can, hold the opponent and score one more time, they can tie or win the game. The coach is
Drilling decisions by oil and gas operators involve intensive capital expenditures made in an environment characterized by limited information and high risk. A well site is dry, wet, or gushing.
Hahn Engineering is planning on bidding on a job and often competes against a major competitor, Sweigart and Associates ( S& A), as well as other firms. Historically, S& A has bid for the
MJ Logistics has decided to build a new warehouse to support its supply chain activities. They have the option of building either a large warehouse or a small one. Construction costs for the large
Suppose that a car rental agency offers insurance for a week that costs $ 75. A minor fender bender will cost $ 2,000, whereas a major accident might cost $ 16,000 in repairs. Without the insurance,
Slaggert Systems is considering becoming certified to the ISO 9000 series of quality standards. Becoming certified is expensive, but the company could lose a substantial amount of business if its
For the DoorCo Corporation decision compute the standard deviation of the payoffs for each decision. What does this tell you about the risk in making the decision?The DoorCo Corporation is a leading
For the carrental situation, compute the standard deviation of the payoffs for each decision. What does this tell you about the risk in making the decision?Suppose that a car rental agency offers
Compute the standard deviation of the payoffs for each decision. What does this tell you about the risk in making the decision?Slaggert Systems is considering becoming certified to the ISO 9000
What decisions should be made using the average payoff strategy in these problems?"The Door Co Corporation is a leading manufacturer of garage doors. All doors are manufactured in their plant in
Suppose that the probabilities of the three scenarios are estimated to be 0.15, 0.40, and 0.45, respectively. Find the best expected value decision.The DoorCo Corporation is a leading manufacturer of
PLE has developed a prototype for a new snow blower for the consumer market. This can exploit the company’s expertise in small gasoline engine technology and also balance seasonal demand cycles in
What are two of the advantages associated with using strategic alliances?
Will foreign direct investment increase or decrease in the current decade? Why?
How important are the triad nations in promoting international commerce? Explain.
What role does the World Trade Organization play in the international business arena? Is the WTO helpful to international trade or is it a hindrance? Why?
Multinational enterprises do not formulate worldwide strategies but rather regional strategies. What does this statement mean and how does it help us better understand international business?
How do the four determinants of national competitive advantage help explain how companies can maintain their economic competitiveness? Be complete in your answer.
1. Are companies such as Exxon Mobil, BP and Royal Dutch/Shell MNEs? What criteria do they meet that makes them MNEs? 2. How important is an understanding of governmental regulation to success in
1. Is Wal-Mart a multinational enterprise? Why? 2. Why is Wal-Mart making foreign direct investments in Europe? 3. Using the Porter model, what are the determinants of Wal-Mart’s competitive
What is a multinational enterprise? Is it likely that the number of MNEs will increase during the next decade? Why?
What are the three common characteristics of an MNE? Identify and briefly describe each.
Why do firms become multinational enterprises? Identify and discuss four reasons.
How are CSAs different than FSAs?
How successful are the large industrial MNEs? What accounts for this?
What are the five basic steps in the strategic management process? Identify and briefly describe each.
How has Zara used the strategic management process to help it become a successful multinational?
How has Levi Strauss used the strategic management process to help it improve its competitiveness?
1. Why does Starbucks rely on licenses for most of its international operations? Does the firm risk the dissipation of its managerial or technological advantages? 2. Can you argue that Starbucks is a
1. Is Sony a multinational enterprise? 2. If the vast majority of Sony’s consumer electronics business is based and developed in Japan and the vast majority of Sony’s music and movie business is
What is FDI all about? Put it in your own words.
How active are US and EU firms in acquiring companies throughout the world? What accounts for this activity?
In what way can a keiretsu approach be of value to US and EU companies in becoming more competitive worldwide? Explain.
What are some of the reasons for FDI? Identify and describe four.
Why are MNEs interested in investing in Eastern Europe?
How much FDI does the EU and Japan have in the United States? What conclusions can you reach based on these data?
How dominant are the triad countries in terms of FDI and world trade? Explain.
What is an FDI cluster? Why are certain countries such as Mexico and Venezuela more likely to be in the United States cluster than in the EU cluster?
Why does Toyota choose to manufacture in the United States?
Where is GM most successful? Why?
1. What type of globalization strategy was followed by the Japanese firm Matsushita/ Panasonic? 2. Why could the European firm Philips not compete well with its Japanese rival by the 1980s? 3. How
1. What are the firms specific advantages of Toys “Я” Us? 2. What specific cultural and political barriers to entry does it face? 3. Why was Toys “Я” Us more successful in Japan than in
Some of the primary ways that MNEs use strategic planning to benefit from economic integration efforts is through strategic alliances and acquisitions. How do MNEs do this?
How do MNEs seek to localize their business operations? Describe three steps that they take.
What are the benefits of privatization? Why will the trend toward privatization continue?
Why are government–business cooperative efforts beginning to increase? What benefits do they offer?
What is the purpose of research consortia? What is their future likely to be? Why?
How does trade creation differ from trade diversion? Compare and contrast the two.
There are five levels of economic integration. What is meant by this statement? Be complete in your answer.
How does the EU function? Identify and describe its organization and operation.
What is the purpose of the following economic alliances: the Andean Community, Mercosur and ASEAN?
1. How can a health and safety regulation become a trade barrier? Provide examples. 2. How can different environmental circumstances make one country’s regulations inefficient in another
1. How do factor conditions differ for Embraer and Bombardier? 2. How does the dispute reflect the difficulties in drafting the FTAA? 3. Why are governments involved in this trade dispute? 4. Why are
Show with examples how managers in multinational firms could improve their employees’ awareness of the important differences between cultures.
What are the benefits and the problems for a ‘‘polycentric’’ MNE?
Why is an understanding of the institutional norms, regulations and practices of other countries, important for international firms? Give examples to illustrate your answer.
In what way do ethnocentrism and misconceptions about other cultures inhibit those doing business internationally?
Why is language so critical in understanding international culture? How can this problem be dealt with effectively?
Why are cultural differences an important factor when adapting products for new overseas markets?
Use Trompenaars’ seven dimensions of culture to compare and contrast your own national stereotype to another.
Why are work attitudes of importance to MNEs? Cite and describe two examples.
What kinds of rewards systems are likely to be effective in more individualistic and achievement-oriented cultures like the United States?
Explain how the GLOBE project has extended the dimensions of national culture beyond the work of Hofstede and Trompenaars.
In the Pharmacia–Upjohn merger, how did employment practices and workplace regulations differ among the Americans, the Swedes and the Italians, and what impact did these differences have on the
1. Explain what kinds of broad cultural differences we are likely to find between the Japanese and the British. 2. What impression do you think the Scottish engineer made on the Japanese
1. What makes a sport local, regional or global? 2. What major drivers are responsible for the internationalization of Manchester United? 3. How important are Manchester United’s strong local roots
Why is it difficult to solve international economic problems in the short run?
Nontariff barriers have become increasingly predominant in recent years. Describe a nontariff barrier, and list four types, explaining how the US does or could use such a device.
How does countertrade work? Is it an efficient economic concept?
What are two future problems and challenges that will have to be addressed by the international monetary system? Describe each.
What are the three major accounts in the balance of payments?
How would the following transactions be recorded in the IMF balance of payments? (a) Dell in the United States has sold an $8 million computer to an insurance company in Singapore and has been paid
What is the supposed economic benefit of embracing mercantilism as an international trade theory? Are there many disadvantages to the use of this theory?
How is the theory of absolute advantage similar to that of comparative advantage? How is it different?
In what way does factor endowment theory help to explain why nations trade? How does the Leontief paradox modify this theory?
If an innovating country develops a new technologically superior product, how long will it be before the country begins exporting the product? At what point will the country begin importing the
Of what value is the international product life cycle theory in helping to understand why nations trade?
How does each of the following trade barriers work: price-based barriers, quantity limits, international price fixing, nontariff barriers, financial limits and foreign investment controls?
What are some of the reasons for trade barriers? Identify and describe five.
How does the US try to encourage exports? Identify and describe two ways.
1. Does the theory of comparative advantage apply to China’s trade with industrialized countries? How? 2. How does the factor endowment theory apply to China’s trade with industrialized
1. Why are antidumping (AD) and countervailing duty (CVD) measures brought and imposed? 2. What is the impact on a firm from a nontriad country if it faces an AD or CVD case in its major market?
How would you hedge the value of your export sale of €10 million of computers to a French customer? You will be paid in 180 days in euros. On what basis would you choose among hedging methods?
If you managed the European operations of a large US-based MNE, in what market(s) would you seek long-term funding? Why?
What is the difference between a eurobond and a domestic bond in the United States? Which one would you prefer to issue as a company manager? Which one would you prefer to buy as an investor? Why?

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