Unit 3 1. What is fair trade? Who benefits from it? 2. Since 1992 Indonesia has imposed high export taxes on export of raw wood & sawn timber. Why would it do this? (Hint; what is the impact of these...

Unit 3 1. What is fair trade? Who benefits from it? 2. Since 1992 Indonesia has imposed high export taxes on export of raw wood & sawn timber. Why would it do this? (Hint; what is the impact of these export tariffs on domestic market for wood & timber?) Which domestic industries will benefit from this impact?) Who is hurt by these high export taxes? 3. Should we worry foreigners sell us goods cheaply? 4. Under what condition can WTO members not use MFN when dealing with one another? 5. What strategies can North American and Asian firms adopt to ensure access to the enormous EU market? 6. What are the steps in international strategy formulation? 7. How can a poor SWOT analysis affect strategic planning? 8. How are the components international strategy (scope of operations, resource deployment, distinctive competence, and synergy) likely to vary across different types of corporate strategy (single business, related diversification, and unrelated diversification)? 9. What are the three specialized entry modes of international business, and how do they work? 10. What factors could cause you to reject an offer from a potential licensee to make and market your firm’s products in foreign market? Unit 4 1. What are the basic differences between a joint venture and other types of strategic alliances? 2. Why would a firm decide to enter a new market on its own rather than using a strategic alliance? 3. What is global matrix design? What are its strength and weaknesses? 4. Do managers of international firms need to approach organization design differently from their counterparts in domestic firms? Why or why not? 5. How do legal, cultural, and economic factors influence product policy? 6. What are some of the fundamental issues that must be addressed in international advertising? 7. What are the pros and cons of trying to use single brand name in different markets, as opposed to creating unique brand names for various markets? 8. What are the advantages and disadvantages of each pricing policy? Why do most international firms use market pricing? Unit 5-1 1. What basic set of factors must a firm consider when selecting a location for a production facility? 2. What basic factors must be addressed when managing international service operations? 3. Why are services most closely associated with developed, industrialized economies? 4. What is translation exposure? What effect does balance sheet hedge have on translation exposure? 5. What capital budgeting techniques are available to international businesses? 6. The government of Colefax and Fowler’s home country, the United Kingdom, has chosen not to be a participant in European Union’s (EU’s) single currency scheme. Will this put Colefax and Fowler at a disadvantage in competing for business in other EU countries? If so, is there anything the company can do to reduce its disadvantages?