Avoiding and Managing Common Mistakes and Problems
Chapter 7 Organizer
Costing Errors
Explain the rating scale
for currency
Why can exchange rates
create complexity when
companies trade
internationally?
Why do purchasers
prefer to “buy forward”
their currency? What
are the benefits?
How can a country’s
poor banking system
hurt its domestic
company’s abilities to
trade?
What are the five factors
that affect the cost of
transporting goods?
What are a few
advantages of shipping
items in containers?
List a few “hidden” costs
that occur but
companies do not
budget for.
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Problems with Standards
List three types of
products traditionally
manufactured for
specific markets. For
each state a few
reasons why this is.
How can ethical
standards affect a
company’s
production?
How can ethical
standards affect a
company’s sales?
Realistic Marketing
Why is China’s 1.3 billion
population deceptive
when it comes to
determining true market
size?
What is the most
common error when
entering international
markets?
What should businesses
thinking about entering
an international market
do to determine market
size?
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Brand Name
For each concept,
provide an explanation Packaging
why they must be
examined before
entering each
international market.
(You may use examples) Labeling
How can culture and
customs affect
international sales?
Infrastructure and Services
List five elements of a
“good” transportation
system.
(i.e. They should have....)
List three possible
questions a business
needs to answer with
regards to a country’s
communication system
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List three things that
government services
can do to promote
trade in its country
List three things that
government services
can do to discourage
trade in its country
List five other key
services businesses
considering doing
business in a specific
country should
research. For each
provide a reason why.
Kenya: A Closer Look at Infrastructure
Provide the five most
important aspects of
Kenya’s infrastructure
pertaining to trade
with Canada. What
should potential
Canadian investors in
Kenya know about
these services?
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