If Amazon enters the Japanese online market by translating its U.S. website into Japanese, the strategy used is the meganational strategy.
A meganational strategy is an international strategy that focuses on reaping cost reductions through the economies of scale. It's a strategy that's used in seeing the world as one big national market.
Since Amazon enters the Japanese online market by translating its U.S. website into Japanese, then the strategy that is used is the meganational strategy.
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The creation of "Worldwide Products"—items with a global focus—results from the outsourcing of productive tasks to various providers.
<h3>What are Worldwide Products?</h3>
The aggregate gross national income of all the nations in the globe is known as the gross world product (GWP).Because imports and exports are exactly balanced when looking at the entire planet, this also equals the total global GDP. The nominal GWP in 2013 was around 75.59 trillion US dollars, according to the World Bank. The GWP was around $80.27 trillion in nominal terms and was over 127.8 trillion international dollars in terms of purchasing power parity in 2017, according to the CIA's World Factbook (PPP).
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Answer:
For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.
Explanation:
Answer:
rise, fall, rise, fall, fall, exchange rate
Explanation:
When there is a change in the level of price it will cause the real value to change as well. This is due to the fact that real value is basically relative price i.e., nominal value adjusted by inflation.
This rise in price effects the demand for exports, which in return falls due to higher goods rates. And the effect is opposite for imports which would now rise. The combination effect of imports and exports results in the change in the net exports which would also fall due to rise in imports and fall in the exports. Overall, this effect is known as the exchange rate effect.
Answer:
B. <u>on that date</u>; <u>at some specified future date</u>
Explanation:
Spot rate refers to the exchange rate between two currencies prevailing as on that particular date when the exchange rates are inquired with a purpose to hedge the future risk owing to exchange rate fluctuations. For example,
1 CHF = USD 1.01
A forward rate on the other hand refers to the exchange rate provided today which would be applicable on a specified future date. For example, if a UK exporter visits his bank to know the 6 month forward rate to cover his export exposure.
Forward contracts are for the purpose of hedging or risk reduction which may arise in future on account of currency rate fluctuations.
