ESmith Assignment 10: National and Global Finance
(16.0 points)
1. Choose an example of a type of new company you could start, and then use this company idea to answer the questions below. You might choose a pet store, a restaurant, a tutoring business, or something else. This can be the same type of company you chose in assignment 8 or 9, or it can be different.
a. Describe the type of business you chose. (1-2 sentences. 0.5 points) * The type of business I would start would be for family or friends gatherings. This business would be place people come to eat and social, a nice, warm environment.
b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4
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(1-2 sentences. 0.5 points) * Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.
8. Describe at least two products that are commonly exported from the United States to other countries. (1-2 sentences. 0.5 points) * Products that are commonly exported from the United States are things such as medicines, aircrafts, and cars. These are products are also important to humanity of different countries.
9. Why does the U.S. government encourage U.S. companies to sell their products in other countries? Explain how this helps the U.S. (2-4 sentences. 2.0 points) * So companies can increase company revenue and be able to dominate international markets in order to establish more stores and spread product around. A good example is McDonalds, they are everywhere. This helps the US because in revenue allows a company to keep its base in the US, increase the national gross product, drive consumer activity, keep jobs, and increase the export business, which goes along with jobs.
10. Find the value of one U.S. dollar in a foreign currency. You might choose the Euro, the Japanese Yen, the Canadian dollar, or another currency. List the type of currency and the current value of the U.S. dollar in that country. (1.0 points) TIP: http://www.google.com/finance/converter is a good resource for foreign currency information. * Here is a good resource for foreign currency
The Bahamas and the United States of America both have fruit and some vegetables. They export mineral products, salt, and animal products, rum, and chemicals, of which the United States of America do not. They also have fruit and vegetables, alike with United States of America. The United States of America has soybeans, fruit, corn, organic chemicals. transistors, aircraft, motor vehicle parts, computers, telecommunications equipment, automobiles, and medicines. The Bahamas have, out of these, fruit and some vegetables. Therefore, they likely need some of everything on our list. In the Bahamas, the major industries are mineral products and salt, along with animal products, rum, chemicals, fruit, and vegetables. If a natural disaster (For example,
When choosing an idea for a new business, I would first consider my own interests above all
In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.
States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly
imports and exports foreign and domestic goods every day. As I have stated before this is
In the other hand, Americans exports to Europe did completely change life there in Europe. The foods exported were corn, chili, pumpkin, tomatoes and potatoes which was unknown to European. One of the example is the humble
If the United States could no longer import items from overseas, our lifestyles would be greatly affected. Many of our modern technologies such as phones, computers and televisions are made overseas. Apple products are mostly made in China (Consumer Reports, 2015). We could make subtle changes and overcome the lack of imported goods in our daily lives, but how would we produce products that are “Made in America” that use foreign parts? Our infrastructure would have to make changes to accommodate producing more items here that are now outsourced.
Sr. No. 1. 1 Export (a) Agricultural Products (b) Animal Products (c) Marine Products (d) Mineral Products (e) Forest Products (f) Manufacture Goods (inclusive of natural gas) (g) Others 2. Import (a)Capital Goods (b) Industrial Raw Materials ( ) (c) Consumer Goods 3.
From a job creation perspective they can provide job opportunities via free trade agreements such as the Australia-United States Free Trade Agreement removing barriers to trade (Waddell, Jones and George, 2013). This allowing for more global demand and as such more unique jobs are created in both Australia and the United
Question 1: Identify four products you purchase in any given week. How global is the “reach” of the companies who manufacture those products? Identify if they are manufactured abroad, etc. Do proceeds from the companies’ sales benefit the global population? If so, how?
Imports are a large aspect of the United States food industry. The USDA says 17 percent of food consumed in America in 2012 was imported, and this number is steadily increasing. But according to the 2012 International Food Information Council Food and Health Survey, about half of Americans feel imported
Figure 5 illustrate the trend of exchange rate between AUD and USD for the past 30 days. From the graph we can see that at the beginning of the month, Australian dollar to 1 US dollar equals to 0.91346, which is the lowest level during the month. The trend has been increased in the following few days and then declined again. The general trend from 12th of May remain an upward trend and reached the peak of 0.952378 on 25th of May, and followed by a decline at the rest of the month.
Countries through out the world import and export. You import because other countries have comparative advantages over natural resources and in some cases have more human resources since the labor is cheaper. It is produced abroad and will be imported to the United States. You export when it is cheaper to produce the goods or service in your country. This includes having access to human capital, natural resources and human resources. The United States is known for producing aircraft, spacecraft and etc. It is in demand because it produces the merchandise at a lower cost compared to other countries. Export produced in the domestic country and exports abroad.
1.) Why do companies like Pepsi need to globalize? What are the various ways in which foreign companies can enter a foreign market? What hurdles and problems did Pepsi Face when it tried to enter India during the 1980s?
Remember, when you want to start a potential business, you need to choose an opportunity that activates your strongest skills. The idea should also engage your major areas of interest.