Section 1 04

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Managing People and Organisations Section 1 16 Hours
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4.10 Legal factors
Suggestions and Following measures: � Export and import controls, which some companies impose to protect their own business and economy. � In some countries, especially those within the developing categories, there may be laws which legislate on the percentage of ownership a firm may control within that country.
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4.10 Legal factors
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Tax laws may be used to encourage or discourage particular international trade activity. Not all countries recognise international trademarks, copyright and patent conventions, which leads to the ms.
The economic wealth of a country is based on its human, natural and technical resoures.
Managing People and Organisations Section 1 16 Hours
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4.11 Economic factors
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Managing People and Organisations Section 1 16 Hours
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4.10 Legal factors
Protectionist policies � In additon to the above some governments also impose protectionist measures.
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4.11 Economic factors
Human resources � The important lesson when evaluating the size and growth of the population is to remember that population size without purchasing power is not economically meaningful.
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The aim of which is to discourage imports in favour of domestic products.
Managing People and Organisations Section 1 16 Hours
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4.10 Legal factors
Protectionist measures: � Tariffs have traditonally been used as barriers to international trade. � Governments are very creative when it comes to the invention or virtuous use of non-tariff barriers to protect their countries industries from international competition.
You may have thought of factors such as: � Size and growth of the population � immigration trends � age distribution � urbanisation � capabilities
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Managing People and Organisations Section 1 16 Hours
Managing People and Organisations Section 1 16 Hours 12
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4. 11 Economic 4.11 factors
Unit student guide DG6M 34 Sebastian Yang
4.11 Economic factors
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4.11 Economic factors
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The age composition of a population may also be of interest to internatnional marketers. As people become older, new markets emerge among the older age groups.
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4.10 Legal factors
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Important quotas, which can be expressed as individual units imported or as a total value of imports Import licence requirements are a method for governments to make additional money through payments as part of a licence application.
Managing People and Organisations Section 1 16 Hours 18
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4.11 Economic factors
There are many factors that can be considered but we will concentrate on a few: � inflation � balance of payments � gross domestic product (GDP)
Managing People and Organisations Section 1 16 Hours 6
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4.10 Legal factors
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Some countries insist on standardisation of certain things such as packaging. For example, in Sweden all pharmaceutical goods must be sold in white packaging.
Managing People and Organisations Section 1 16 Hours 10
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4.10 Legal factors
An embargo is a total ban - a zero quta. � Some governments offer a wide range of subsidies for domestic producers such as export credit guarantees � Refund policy is used widely by the EU and is a direct result of the agricultural produce price subsidy.
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4.11 Economic factors
Monetary exchange rates � one final factor firms considering entering internatnional markets have to consider si international exchange rates � Why this definition? Simply because it makes sense.
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4.11 Economic factors
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The term urbanisation refers to the proportion of a population that lives in and around cities. Education has to be seen as part of the capability or skill set that also includes skilfulness, diligence and flexibility.
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Managing People and Organisations Section 1 16 Hours 11
4.10 Legal factors
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Undervaluing currency, which makes domestic goods cheaper, even though the cost of production may be equal or higher than that of foreign competitors Anti-dumping duties on imports. Regulations and procedures.