International Business – Spring 2024 – Midterm

Semester: Spring-2024 Time: I .5 Course Code: BUS-305 DnlT0dil internationlil University (DIV) Faculty of Business and Entrepreneurship Deptutment of Business Administration Program: BBA Examination: Mid-term Full Marks: 25 Teacher 's Name: DOF/NUR Section: All Time: 3, Course Title: Business [NB: questiöüs o/' this marks, Five(S) of thefo//ovving l. Define globalizaior•, and discuss it With relevant examples, Briefly describe the primary drivers; behind globalization in international business activities In (5) [ CLO-I:LÆ] Bangladesh. 2, Biiefly describe difiérent -economic systems With examp'es, Please identify which legal and economic systems are Currently tölJowed by Banglédesh, ICLO-f: L-3] (5) 31 From the country perspective Of Banglädésh, briefly describe the determinants of culture ancl its importance for international business [ L-4J (5) .anythree trade theories. Please identify ifÅny of these theories fiaye and its economy. (5) CLO-2: LA] Based on the case«AppJe iPhOgeÅ identify •and describe three main rpasons for their —TCLOSÆ-S] (5) success in their global businessoperations„ the Apple iPhone? its •arly days, Apple look beyond its own backyard to manufactureits devices. A years ancr Apple staræ8:tcuniFikeftheMacintosh computer back in 1983, Steve Jobs bragged that it was was Aliielica." Aslate as tlWearlyQ000S, lööle still manufacturedmany of estimated 90 percent or whiéh mangfaetuted abroad. Advnnge@Semiconduet0rs come itiernOry,frOm' anil Japan, diRplay panels and gircL11try&tGRCkÖrea Taiwan, and rare Afrieåaådßiå. Apples subcontractor, the Taiwänes•e Fci,xCOnns performi final assembly in China. Apple still ehiplö>'ees some 43,000 people ih United States, and it keptimpcrtant activities at home, including product design, software gaginget'ing, and marketing, Furthermore, Apple claims that its busin&s supports ilnolher 254,000 jobs the United States in engineering, manufacturing, and transpcMation. For example, the gJasg for the iPhone is manufactured nt Corning's U.S. plants in Kentucky and New York. Bur an additional 700,000 people awinvOtved in the engineering, building, and final assembly of its products outside or the United States, and most of them work at subcontractors like Foxconn. When explaining its- decision to assemble the iPhone in China, Apple cites a number Of factors. While it is true that labor eust.s are mach lower in China. Apple, executives point out that labor costs only jaecount very small proportion Of the total value of its Products and are not the main driver of 'Ocali011 decisions. Far more important, according to Apple, is the ability Of its Chinese subcontractors tp ilespond ve:y quickly to requests from Apple to scale production up and down. [n a famous oc