Organizations Have a Couple Ways to Become Involved Internationally

question 138

Essay

Organizations have a couple ways to become involved internationally. Write a short essay that compares and contrasts the three approaches that companies often use to engage in the international arena: exporting, outsourcing, and partnerships. Include an example of products or services that are exported and outsourced, and three examples of partnerships.

Recognize the mechanisms and implications of fixed and floating exchange rate systems.

Grasp the historical development and roles of international institutions such as the International Monetary Fund and the Bretton Woods system.

Understand the concepts and economic implications of currency devaluation and revaluation.

Recognize the significance and calculation of the balance of payments and its components.

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Definitions:

Deflation

A drop in the overall cost of goods and services, frequently resulting from a decrease in the availability of money or credit.

Inflation

The measurement of how swiftly the overall prices of goods and services increase, eroding the power to buy.

Intermediate Products

Goods that are used in the production process to make other goods, rather than being sold directly to consumers.

Final Products

Goods that are ready for consumption by the end user and will not undergo further manufacturing or processing.