Assignment:
Instructions: Respond to each of these essay questions in one Word document with a cover page including your name, course number and name, and date. Use 12 point, Times New Roman font with 1" margins, double spaced. If you cite sources, be sure to cite them in either APA or MLA format in a formal reference page.
1. What is gold standard? What was the major advantage of the system?
2. What are the advantages of global capital market in comparison with a purely domestic capital market?
3. How can a firm increase its profitability?
4. Explain the five reasons why a firm should decentralize its decision-making.
5. Discuss the trade-offs associated with large-scale entry versus small-scale entry.
6. What are the typical problems that novice exporters face when trying to export?
7. Explain make-or-buy decisions with an example.
8. What are the two main issues that managers must be aware of when considering market segmentation in foreign countries?
9. What is human resource management? Why is HRM an important strategic component?
10. Identify a key accounting problem that international businesses are confronted with but that does not confront purely domestic businesses. Substantiate with a suitable example.