The geopolitics of the world have-in general-been good for international businesses since the late 1980s. The...

 

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The geopolitics of the world have-in general-been good for international businesses since the late 1980s. The world, however, is dynamic. Despite the general trends, terrorism and other changes make it imperative that international business managers understand the risks and realities in any market, nation, or region he or she is considering as an investment or market. The international business manager must understand what is driving unrest, change, transition, and risk. Why change is taking place is as important as where it is taking place. The political economy of many of the world's nation states has changed dramatically over the past quarter century. Two major trends have been the wave of democratically elected governments and the strong move away from centrally planned and mixed economies to a more free market economic model. XYZ Baseball Glove Manufacturing estimates total factory overhead of $240,000 and total direct labor costs of $200,000 for the year. They use the plantwide overhead rate to apply overhead costs to baseball gloves. The direct labor cost to manufacture a baseball glove is $100. Prepare the entry they would make on 3/10/23 to apply overhead to one baseball glove. The geopolitics of the world have-in general-been good for international businesses since the late 1980s. The world, however, is dynamic. Despite the general trends, terrorism and other changes make it imperative that international business managers understand the risks and realities in any market, nation, or region he or she is considering as an investment or market. The international business manager must understand what is driving unrest, change, transition, and risk. Why change is taking place is as important as where it is taking place. The political economy of many of the world's nation states has changed dramatically over the past quarter century. Two major trends have been the wave of democratically elected governments and the strong move away from centrally planned and mixed economies to a more free market economic model. XYZ Baseball Glove Manufacturing estimates total factory overhead of $240,000 and total direct labor costs of $200,000 for the year. They use the plantwide overhead rate to apply overhead costs to baseball gloves. The direct labor cost to manufacture a baseball glove is $100. Prepare the entry they would make on 3/10/23 to apply overhead to one baseball glove.

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Geopolitics and International Business The general trend of increasing globalization improved communication and the liberalization of markets since the late 1980s has indeed been beneficial for intern... View the full answer