A family member or acquaintance has asked you for advice on a potential business decision involving market analysis of physicians, solar panel installation, gas stations, or organic farming. You decide to research the supply and demand conditions in the relevant market, including price elasticities of supply and demand, production costs, and other factors. Based on your microeconomic analysis of the market using principles of costs, revenues and profits/losses, you will provide the individual with an informed recommendation about whether or not to pursue the business opportunity and advice on how to approach it.

1. Running Head: INTERNATIONAL BUSINESS
2
International Business
Student Name
University Name
Date
Instructor Name
Discuss a “real world” MNC’s international strategy. The
discussion should identify the company’s strategic plans, how
the factors of international strategy, above, affected them,
location efficiencies, a SWOT analysis, their application of the
steps in international strategy formulation, and so on.
Support your paper with a minimum of five (5) external
resources In addition to these specified resources, other
appropriate scholarly resources, including older articles, may be
included.
Length: 5-7 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the
ideas and concepts presented in the course and provide new
thoughts and insights relating directly to this topic. Your
response should reflect scholarly writing and current APA
standards.

2. INTERNATIONAL BUSINESS
Introduction:
Dawn of economic process has raised up, where international
business is changing into more and more common.
Transnational organizations will measure among the foremost
profitable within the world. An organization must bear in mind
of the speech and civilization of the country wherever it plans
to board with its asset. Politics and laws of the condition will
moreover produce international trade simple or onerous. With
the achievement of international business, its outlook is
polished, on a planet scale. Effective organization of
international business process includes inexpensive organization
of money, workers, expansion, advertising, and announcement.
This is over and over again so the association, completion and
organization of the operation go well. The long lope of
international business is intense as fiscal process and therefore
they would similar to for catholicity persistence. Even though
the business goes globally there are some issues to be
considered around as such
1. Social Issues
2. Ethical Issues
3. Labour Issues
4. Environmental Issues
Impacts of Political, Legal and Economic System:
Political, economic, and legal assortment and change within the
international souk, and the way executive reply to the confront

3. with data and considerate resulting not exclusively from the
business regulation though conjointly from economic expansion,
sociology, faith, topography, and the past. Early labors to tie
together technology and take manufactured goods into foreign
markets; the crash of dispersion catalysts like super language,
script, print technology, transport innovation, transmit medium,
electronic medium, and advertising institution; and
consequently the appearance of recent companies will calculate
to manage to level back the crash. Largely North America or
Western Europe is that the specific regions were these impacts
have taken place. Political modification happens as nations look
for to ascertain stability and order among their national borders.
In democratic nations, there square measure uncertainties as
voters decide what political directions their countries ought to
take. On average, there will measure national elections
somewhere within the world virtually each week. Corporations
with major trade or investment commitments in those markets
listen to national, regional, and native elections to see however
they're going to have an effect on business—whether or not new
governments square measure probably to support business
developments, and the way they're probably to impact national
demands for product and services.
Economic modification has become more and more vital with
the rising interdependences among nationwide economies.
Economic slump in North America or Western Europe resound
all through the global wealth. These source downturns in
universal financial movement. Executives should be prepared to
analyze international and local financial tendency and
understand their bangs on company behaviors. At the nation-
state level, director should recognize indications of lawmaking
management of the financial system: disturbed finances
(inadequate financial gain from taxes to hold up administration
spending), dishonesty (e.g., in administration contracts and
spending), unjust tax arrangement, balance-of-payment
problems, and then forth. Two major financial problems will

4. measure increase and high state. Each may end up publically
dissatisfaction and following unrest.
Legal transform produce doubts through their belongings on
supporting and financial climates. For numerous peoples of the
planet, confidence is that the most fundamental part of their
lives—more significant than currency and riches, a batch of
very important than state affiliations, a lot of vital than
different worldly problems. This causes issues, as faith usually
supersedes national allegiances and makes spiritual conflicts
among the foremost troublesome to resolve. Once most
international business transactions occur, exchange rates (the
worth of one currency in terms of another) square measure
concerned. Companies should check two styles of financial
transform: first, the principles of the many currencies change
with view to one another, moving score and plus assessments as
product and capitals crossways nationwide borders. Second,
countries’ aptitude to create expenditure to foreigner will gauge
changeable.
Coping with supporting, financial, and educational diversity and
change is what international business all is relating to. The job
of international managers is to recognize overseas markets and
to skill techniques to ease international dealings and out-
compete competitors within the world market. These needs not
exclusively sympathetic the principles of fundamental sound
trade ways, though conjointly having in-depth information of
the globe markets and their independence, behaviors, and
tendency.
Impact on Employer:
Employer troubles in international business is one in all the
vital social problems within the developed countries in respect
of business with North America pertains to sick treatment of my
leader. Leader employed in the manufacture of exports from the
developing countries is wide criticized by folks within the

5. developed countries. As an example, it's alleged that leader is
employed by the carpet business in Bharat and a few different
countries and social activist within the developed nations
demand ban on the import of products embodying my leader.
Customers square measure referred to as upon to boycott such
product. The argument here I suggests is that product square
measure factory-made by our leader operating in
inhuman/unhealthy operating conditions not obtaining honest
wages ought to be prohibited or boycotted. making vital
developing country, like clothes, square measure imagined to be
laid low with such downside per a report, it's a too bad feature
of the many export process zones that each male and feminine
staff square measure treed in low wage and low delicate jobs
The recurrent nonexistence of tokenize principles and poor
leader organization relations have predictable results, like high
leader income, nonexistence, strain and exhaustion, low rates of
output, excessive expenditure of materials and leader turbulence
that will measure still too ordinary.
The Impact of International Trade on Country:
Along with growing, a business needs to create profits still.
That’s once an organization could look to the govt for facilitate,
to address the elevated level of complexness that's absolute to
accompany international trade. Together, the govt and firms
work to open new markets for the chance to form a lot of
profits. This is often just one instance, as a result of their will
measure several industries that have pointers and rules
regarding duties, and it might throw several corporations into a
short lived state of confusion if the agreement is sanctioned.
The differing impacts of the accord touch every province still.
Like states’ rights in America, every province has their own sets
of laws which may be rather complicated; province-related laws
ought to be tailored to suit national trade law. These negative
outcomes associated with what's, overall, a positive national
accord, illustrate that some people square measure continuously
probably to be negatively compact by a transition to

6. international trade and their government’s encouragement of it.
There are measures different prices related to a country’s being
charged with unfair legislation. A rustic therefore charged could
develop a picture with the remainder of the planet as an
undesirable commercialism partner. Its own voters could also be
sad at acquisition the price of the massive fine obligatory on the
state, which can be collected through taxes. This side of a trade
agreement is never a part of the discussion once countries
square measure considering ratifying a trade agreement. A
potential thanks to address the matter would be to create the
social control less severe for the country, a minimum of at first.
Voters of the country might probably conjointly has the correct
to review treaties in progress approach, significantly if their
nation was to be charged with giving unfair advantage to
domestic companies.
Conclusion:
As a conclusion, International Business conducts business
transactions all over the world. These transactions include the
transfer of goods, services, technology, managerial knowledge,
and capital to other countries. International business involves
exports and imports. They have large business scale and need to
be improved with the operations, participating countries and
benefits. To a certain point to reduce these impacts the
international business need to change their own restrictions and
their sensitive nature. International business will automatically
keep hold for the efficiency of any corporation.

7. Reference;
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (1989).
International business: environments and operations (pp. 435-
436). Reading, Mass: Addison-Wesley.
Hill, C. W., & Jain, A. K. (2007). International business:
Competing in the global marketplace (Vol. 6). New York, NY:
McGraw-Hill/Irwin.
Donaldson, T. (1989). The ethics of international business (pp.
97-104). New York: Oxford University Press.
McCulloch, W. H., Frantz, P. L., Geringer, J. M., & Minor, M.
S. (1999). International business: The challenge of global
competition (pp. 98-99). Irwin/McGraw-Hill.
Held, D. (1999). Global transformations: Politics, economics
and legal. Stanford University Press.
ECON545: Project 1—Microeconomic Analysis
The Microeconomic Paper tests your ability to apply economic
principles to a business decision. Select one situation from the
items outlined below: A to D. Complete the paper on the
selected situation as specified below. The completed paper is a
professional report and is due in Week 3 (230 points). See the
grading rubric at the end of this document. Be sure to use the
DeVry library for finding data; avoid questionable sources, such
as Wikipedia.
The following is a list of the specific required information,
research, graphs, and math to be included in each answer
regardless of the scenario chosen.
1. Demand Determinants:
a. Each individual determinant analyzed for your situation, with
examples applicable to your situation (5 points each) and
research (3 points each) showing current Demand data or most
recent past data, except for the Expectations Determinant in

8. which you need to use data estimating future market conditions.
b. (20 points) Price Elasticity of Demand facing you in your
scenario, including actual calculation of it using the midpoint
formula. If you can’t find data, then determine the Price
Elasticity from the Characteristics and make up numbers to use.
Be sure to identify this if you use this approach. This will help
you in deciding the slope of your Demand curve below.
c. (10 points) Graph the Demand facing your situation. Note
that this requires information from the Supply Determinant
analysis before deciding how to draw the curve(s), as you may
need a separate MR curve.
2. Supply Determinants:
a. Each individual determinant analyzed for your situation, with
examples applicable to your situation (5 points each) and
research (3 points each) showing current Supply data or most
recent past data, except for the Expectations Determinant in
which you need to use data estimating future market conditions.
i. (40 points) You need to be very specific in the Cost of
Production Determinant to identify Fixed, Variable, and
Marginal Cost in order to derive your Supply curve for the
graphing component. You will need to explain and show how
Profit Maximization or Loss Minimization output and price are
determined. You will need to do the math using actual figures
[cited] or your own estimated figures [identified as such] and
explain why you expect Short Run Economic or Normal Profits,
Acceptable Loss or temporary Shut Down and how you will
know which it is.
ii. The Number of Sellers determinant must contain your
analysis of the kind of market structure in which your firm or
labor service will be sold.
b. (20 points) Price Elasticity of Supply you have based on the
Cost of Production changes as output changes, including actual
calculation of it using the midpoint formula. If you can’t find
data, then determine the Price Elasticity from the
Characteristics and make up numbers to use. Be sure to identify
this if you use this approach. This will help you in deciding the

9. slope of your Supply curve.
c. (10 points) Graph your Supply situation using the numbers
from your earlier Cost of Production analysis.
3. Recommendations—(40 points) what are your
recommendations explained by your analysis?
4. Paper presentation—(10 points) good format, citations, lack
of spelling errors, etc.
Situation A
Jenny, your niece, is a smart high-school student who wants to
make intelligent choices for her future. Hearing of your course
in business economics, she has e-mailed you asking for advice
on whether to become a doctor and on the best location to
practice it. She recognizes the high costs of tuition and the
years of study involved in becoming a doctor. She wants to
evaluate if that career choice is an optimal decision for her, so
she has asked you for advice.
Having read the piece “Fewer Physicians Move, a Sign of
Career Caution” on page 20 of the textbook, you recognize the
significance of such a career decision for Jenny. You decide to
educate yourself about the market for physicians in terms of
supply and demand, elasticity, costs of production, pricing, and
economic or normal profit or loss. You want to provide Jenny
with the most informed advice possible.
Situation B
Your neighbor Cindy wants to start a contracting business for
installing solar panels. She has heard of the cost savings that
households and businesses can make each year by installing
solar panels on their roofs. Cindy has also heard of government
incentives for installing solar panels. Being concerned about the

10. environment and wishing to reduce pollution, Cindy thinks
installing solar panels also serves a good social purpose. But
she does not want to risk her life savings on a venture that
might not succeed or become profitable enough. After hearing
from you about taking this course in business economics, she
decides to ask you for advice.
At first you are hesitant to give investment advice. Then you
read the piece “US boosts ‘game-changer’ solar technology in
bid for global market share” on page 374 of the textbook. You
realize there are more pieces to the decision than Cindy is
considering. You decide to research the market in terms of
supply and demand, elasticity, costs of production, pricing, and
economic or normal profit or loss. You want to provide Cindy
with the most informed advice possible.
Situation C
Cousin Edgar is always thinking of the next business idea. This
time, he plans to invest in buying two gas stations. He reckons
American consumers have come to accept the high gasoline
prices, and estimates world prices for gasoline to increase even
further with high demand from India and China. Besides,
Cousin Edgar thinks he will make a good profit on the sale of
convenience items at each station. But before buying the gas
stations, he decides to ask for your advice because you are
taking this course in business economics.
You happened to read the piece “$4-a-Gallon Gas Fueling Fears
for Recovery” on page 196 of the textbook. Being skeptical of
Cousin Edgar’s optimism on the profitability of selling gasoline
and convenience items, you decide to research the market in
terms of supply and demand, elasticity, costs of production,
pricing, and normal or economic profit or loss. You want to
provide Cousin Edgar with the most informed advice possible.

11. Situation D
After hearing of you taking this course in business economics,
Uncle Dan has e-mailed you asking for advice on his 100-acre
corn farm. He mentioned how, after 30 years of growing corn,
he wishes to leave that commodity’s market and enter a more
profitable market instead. He is thinking of planting some
organic crop. But he is not sure which crop would be most
profitable. He already knows that going organic requires
changing some of his practices to qualify for the certification.
Therefore he wants to know how much it costs to become a
certified organic farmer, and which crop would be best suited
for him to grow given his current equipment.
Luckily before you can find time to answer Uncle Dan’s e-mail,
you read the piece on organic farming in the United Kingdom
on page 422 of the textbook. Recognizing the costs and risks for
Uncle Dan in making the switch, you decide to research the
market in terms of supply and demand, elasticity, production
costs, pricing, and economic or normal profit or loss. You
decide to educate yourself about organic farming so that you
can provide Uncle Dan with the most informed advice possible.
Microeconomic Paper as a Professional Report
Your paper should be organized into five parts as listed below.
1. Title Page—Name, course, and date
2. Introduction to situation, but do NOT copy the scenario.
Briefly summarize the situation and identify the microeconomic
issue(s) to be decided from the perspective of the organization.
3. Relevant Economic Principles: Determinants of Demand,
Supply, etc. and Relevant Data

12. Identify the variables that are critical in addressing the issue(s).
Gather and present the relevant data on the variables by
searching the DeVry Online Library. Ask a librarian for help if
needed. Use in-text citation to report the source(s) of the data.
Graphs may be included here.
4. Recommendations and Economic Justification
Formulate and present your recommendations for addressing the
issue(s) based on the relevant data and economic principles
identified above. Justify your recommendations in terms of the
economic impact on those affected.
5. References
List the full references for at least five sources alphabetically in
APA format.
Grading Rubric
Section
Points earned
Points
Description
Paper Presentation
10
Good format, citations, lack of spelling errors, etc.; correct
Title page and Reference pages
Relevant Data: Demand: 70 points
Supply: 110 points

13. 180
Demand Determinants and research data (40 points)
Price Elasticity of Demand (20 points)
Graph of Demand (10 points)
Supply Determinants and research data (40 points + Profit
Max/Cost of Production analysis = 40 points for total of 80
points)
Price Elasticity of Supply (20 points)
Supply graph (10 points)
Recommendations
40
What are your recommendations explained by your analysis?
Total
230