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ID number:413685
Author:
Evaluation:
Published: 21.05.2009.
Language: English
Level: College/University
Literature: 3 units
References: Used
Time period viewed: 2009.g. - 2009.g.
Table of contents
Nr. Chapter  Page.
  Introduction   
  Insight into US Labor law   
  WARN requirements   
  WARN exceptions   
  Reasons for plant closings   
  Background   
  Economical   
  Management’s point of view   
  Duties & responsibilities   
  Strategic planning   
  Economic motives   
  Alternatives to closing   
  Labor unions point of view   
  Union origins   
  Crusade against sweatshops   
  Caterpillar France   
  Conclusions   
  Bibliography   
Extract

‘’The modern world is organized on the theory that each nation state is sovereign and independent from other countries. In reality, however, no country can completely isolate its international affairs from external forces.’’1 The global economy is mainly based on free market economies principle and allows to satisfy markets demands with offering wider range of products and lower prices as a result of more competitive market from what the consumers can profit in the situation of scarce financial resources (disposable income is limited). Countries by adapting this concept have said ‘’yes’’ to international marketing practices, meaning that not only suppliers produce goods and ship them to different countries, but market the population according to the features that the product possesses and to the needs and wants that it can satisfy.
Communicating products value across cultural boundaries in different countries considering the differences in language (direct translation is not always clearly representing the original idea), perceptions of colors and symbols (aesthetics) and other cultural differences is a challenging process.
International marketing is a complex process of application of marketing principles (e.g. analysis and adaptation of distribution channels, price adjustments, products modification to make it appealing) to more than one country with the goal of maximizing the profits. International marketing has several implications on the global economy:
Exchange of goods
Growth of Imports/ Exports
Tax income for government (customs)
Sharing/ transfer of new technology
Creating workplaces (companies building factories, establishing sales offices, maintenance etc.).…

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