INTERNATIONAL BUSINESS

 PART A: ANSWER EACH OF THE FOLLOWING QUESTIONS IN ONE OR TWO PARAGRAPHS. 1.EXPORTERS ARE CONFRONTED WITH FIVE OR SIX TIMES AS MANY DOMESTIC SHIPPERS. Assuming that agents prepare the documents, book space or carriers, and supply insurance, describe export documents and export shipments 2.What is international strategy , and why is it important? 3.Market analysis and assessment identifies a small number of viable markets by eleminating those that are unattractive. Define the final three steps in the reccomended sequence of market screenings covered in your textbook, in order. Part B : ANSWER EACH OF THE FOLLOWING QUESTIONS IN ONE TO FOUR SENTENCES. 1.Briefly define the following terms A)Multidomestic company (MDC) B)Global company (GC) C)International company (IC) 2.Describe the difference between trade missions and reverse trade missions organized by the U.S. Department of Commerce. 3.Briefly list several advantages of focusing attention on a nation that’s already a sizable purchaser of goods from the would-be exporters county. 4.Briefly define two kinds of currency floats: managed and independent 5.What is ideology, what is the historical function of government? 6.What is the difference between private and public international law? 7.What is the difference between formal and informal institutions? 8.Describe the difference between top down planning and bottom up planning. What are the advantages and disadvantages pf each? 9.What are ADRs and what is their purpose? 10.Name the following international economic instutions. Explain the purpose of each and how they differ. A)WTO B)OECD