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International businesses use a variety of global entry methods to compete in another country outside their home country. These include (1) Export/Import Business (2) Licensing (3) Franchising (4) Strategic Alliances (5) Joint Ventures (6) Foreign Acquisitions (7) Wholly – Owned Foreign Subsidiaries. See page 194-196 in eText.

Part 1: (a) Select/describe an international business that has entered/competed in another country outside their home country (be specific) and describe their entry strategy into that country

Part 2: (a) Identify/discuss at least 2 advantages and 2 disadvantages of their chosen entry strategy (b) Comment on whether the chosen entry strategy is appropriate for the company in that host country and why

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MyBusinessCom is inquiring whether to extend an $80,000 credit to a potential new customer. Very often, the following categories are used for the credit-worthiness of a credit seeker: poor risk, average risk, and good risk. Based on historical data, 25 percent of credit seekers similar to the new potential customer are poor risks, 50 percent are average risks, and the remaining are good risks. If credit is granted, the expected profit for poor risks is -$10,000, for average risks $15,000, and good risks $25,000. The company may consult a credit-rating organization for a fee of $7,000 per case evaluated.

(a) (4 marks) Develop a decision analysis formulation of this problem by identifying the decision alternatives, the states of nature, and the pay-off table when the credit-rating organization is not used. (b) (5 marks) Find the EVPI. (c) (2 marks) Does your answer in (b) indicate that consideration should be given to using the credit-rating organization? Justify.

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  1. In your own words, explain why it is important for students as well as employees to conduct research.
  2. Use the Internet to search for stories about employees who have been fired for plagiarism. Share your findings in this forum and discuss why, other than being fired, it is important to avoid plagiarism in the workplace.
  3. Discuss the differences between IEEE and APA by answering the following:
    1. How are sources cited in the text (in the actual paragraphs within the document)?
    2. How are sources cited at the end of the text (on the reference page)?
    3. How is the page layout for IEEE different from APA?
    4. Why do you think computer science uses IEEE and computer technology uses APA?

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12.2. Refer to Figure 12.1. Suppose demand is Q = 10,000-1,000 P and marginal cost is constant at MC=6. From the given demand curve, one can compute the following marginal revenue curve: MR 10 500 a. Graph the demand, marginal cost, and marginal revenue curves. b. Calculate the price and quantity associated with point C, the perfectly competitive outcome. Compute industry profit, consumer surplus, and social welfare. c. Calculate the price and quantity associated with point M, the monopoly/perfect cartel outcome. Compute industry profit, consumer surplus, social welfare, and deadweight loss. d. Calculate the price and quantity associated with point A, a hypothetical imperfectly competitive outcome, assuming that it lies at a price halfway between C and M. Compute industry profit, con- sumer surplus, social welfare, and deadweight loss 12.1. The pricing game between two firms, which can each set either a low or a high price, is given by the follow ing normal form. Low price High price Low price High price 2, 2 3, 3

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