This website uses cookies to ensure you have the best experience. Learn more

Awesome International Business Paper

522 words - 3 pages

International Business
Sales of Rolls-Royces which is a premium luxury car has trebled from 10 to 37 units, closely followed by Ferrari, which doubled its sales volume from 32 to 64 units this recent months. At the other end of the market, Proton sales fell by almost 40 per cent from 413 to 256 units, while Chery sales fell tremendously by more than half from 309 to 139 units. The story was similar among the German luxury makers such as BMW increased sales by almost 20 per cent from 3,926 to 4,708 units, neck-and-neck with Mercedes-Benz, which increased sales by 18per cent from 3,997 to 4,705 units. By contrast, the sales of traditional market leader Toyota slumped by over 60per cent from 17,555 ...view middle of the document...

If car buyers are relatively price insensitive, then dealers can pass on more of the COE to buyers, hence many buyers in Singapore are more willing to spend more on luxury cars as they can afford easily. Buyers of BMW and Mercedes cars are probably less sensitive to price than buyers of Toyotas and Hondas. Furthermore BMW and Mercedes distributors make larger profit margins, and so can more easily bear part of the COE price than distributors of Toyota and Honda cars can. Thus, both on the demand and supply sides, there is more willingness to pay for the COE among the premium European brands than in the mass-market Japanese brands. So sales of BMWs and Mercedes are holding up and indeed growing while sales of Toyotas and Hondas are withering consistently.

The decrease in market sales of mass-market Japanese brand cars have therefore drove the average families away as they do not possess the purchasing power to buy a luxury car, this attracts those wealthy and rich car buyers as they are not affected by the slight % increase of the COE. In which the demand for china & japan manufactured cars have dropped drastically. With the increase in COE it shows that Singapore’s economy is doing well with wage increment, new models arriving and more people bidding. In Germany the sales of BMW’s new series have been increasing due to the popularity , with the increase of COE prices in Singapore the Germany brand BMW has not been affected in any major ways as the demand for European luxury cars are much higher than japan market brands, giving a sales advantage to German car brands

Other Papers Like Awesome International Business Paper

Strategic Management Assignment

258 words - 2 pages At the 2nd week, the lecture was about strategic management process. We studied about the process of strategic management in business industry and what effects and functions of it are. Review of week 3: Vision and Mission of Companies At the 3rd week, we gained a deep understanding about how to create vision and mission of both international and national companies. We learned how to compare vision and mission of many companies as well as

Security, Confidentiality And International Issues In Real Estate

2733 words - 11 pages database. When dealing with real estate there are also legal and regulatory issues to deal with when dealing with the public in person and over the internet. This paper is going to look at security, confidentiality and international issues with real estate in the e-business atmosphere.LegalAny real estate company is aware of the seriousness of this industry, since it deals with many laws that effect people greatly in their personal lives. Law

Life and Work of Albert Einstein

1663 words - 7 pages pacifist stand in the face of the awesome threat to humankind posed by the Nazi regime in Germany. Among many honours which Einstein received were the "Copley Medal of the Royal Society "in 1925 and the "Gold Medal of the Royal Astronomical Society" in 1926. By 1930, Einstein was making international visits again, back to the United States. A third visit to the United States in 1932 was followed by the offer of a post at Princeton. The

That Are Involved

2554 words - 11 pages written paper consistent with APA guidelines. 12/10/12 5 Week Three: Strategic Implementation: Global Business Operations Details Due Points Objectives 3.1 Describe the legal, cultural, and ethical challenges that confront global businesses. 3.2 Determine the various roles that host governments play in global business operations. 12/17/12 Readings Read Ch. 12 of International Business. Read Ch. 14 of International Business. Read Ch. 15

Economics

2437 words - 10 pages Kerala, until recently.Though trendier foods have replaced this salty, crunchy snack in more affluent parties, an average Keralite is still  in love with this awesome snack. It  goes very well with almost any kind of traditional food and serves as a filling tea-time snack. Also, its longer shelf life makes it an ideal face-saver in front of unexpected guests. Roasted rice flour 1 cup Gram flour/Besan 1 cup Red chilly powder 1 tsp + 2 tsp

Management

3748 words - 15 pages International Business Environment Name: University: Course Title: Instructor: Date: Executive Summary International business environment changes in the last couple of years have had a significant impact on the sectors of the world economy more so the airline sector, with this in mind the term paper focused on the impact of changes in the international business environment on the airline industry

Accounting Standard

642 words - 3 pages Country Differences in Accounting Standard Ashford University BUS 616: International Business October 21st, 2013 Country Differences in Accounting Standard International Accounting Standard Board (IASB) is the standard agreed upon by the European Union for the financial reporting of all publicly traded companies on the European stock exchange (Hill, 2011). The United States currently

International Paper

838 words - 4 pages list. IP maintains legally responsible by “transparently reporting its activities to the public for any of its activities that impact the environment, health, or safety” of their customers (“International Paper,” 2012). Through openly releasing information of that variety, it ensures that the company must be following all laws that are put in place regarding their field of business. IP is ethically responsible because they go to great lengths to

Term Paper Structure

1022 words - 5 pages five hundred) and no more than 2,000 (two thousand) words. Use proper reference citation using formal APA or MLA style and Include a list of sources cited (bibliography). Paper Topic You will need to select a term paper topic from one of the following topics: Outsourcing and offshoring Foreign Direct Investment (FDI) The impact of trade on economic development Cross-cultural challenges in international business The prospects of

Roles of International Financial Institutions

1203 words - 5 pages Roles of International Financial Institutions Marcus Jenkins MGT448 January 10, 2011 Paul Bogert Introduction When listening to the latest television report concerning global business news or world economics, names of financial institutions such as World Bank, International Monetary Funds, and Asian Development Bank may be the center of some discussion. A major player on the global forefront, international financial

Business coursework

870 words - 4 pages Activity 1: An investigation of what a business is and what businesses do: Tesco PLC and Argos PLC: Paper 5AB01Business Studies Controlled AssessmentResearch Plan Topic Information required Sources of information Use of information in Coursework Date for completing research Completed/ Review Choice of Business Location Address/post code of local Business At least two different countries where the business trades internationally

Related Essays

International Business Research Paper

2386 words - 10 pages Caterpillar Inc. is a large and well known company who has become a global leader over the many years that the company has been around. This paper will evaluate all aspects of Caterpillar’s organization. The paper will explain the culture of Caterpillar’s organization (values and norms), their ethics in international dealings, foreign direct investment, entry into markets, accounting practices, how they convert currency, their international

Liberia International Business Paper

1155 words - 5 pages , Bureau of Maritime Affairs (BMA) and the Liberian International Ship and Corporate Registry (LISCR), and it is because of these two programs that it is ranked number one for safety, customer service, and quality. The main efforts of the program are driven by developing avenues for strategic partnerships and infrastructural development and growth for the Liberian government. The mission statement for this company further states, “We pride

Paper On International Business Management

3786 words - 16 pages (1)INTRODUCTION When doing business in an international scale, it is important to understand what international business really means. Therefore according to Rugman & Collinson (2012) international business can be defined as “The study of transactions taking place across national borders for the purpose of satisfying the needs of individuals and organizations. Some of the well known International businesses (MNE’s) are Wal-Mart, Toyota Motors

Roles And Function Essay

456 words - 2 pages Roles and Function Paper Jennifer Austin HCS 325 November 10, 2014 Michelle Crumby In management there are a lot of responsibilities that come with the job. Management to me means running a facility or company and taking charge of the business and employees. A manager’s role is to make sure that everything is planned and organized so that you can conduct business and get the job done. Good qualities of a manager are being able to