LTKO 1C Chapter Notes - Chapter 14: Christmas Card, Er1 Electric Trainset, Insa-Dong

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harlequinox438

1 Sep 2016

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Last sunday, james went to incheon to meet with his friend. So at 10 in the morning, he rode the sinchon high speed bus. Sitting next to james on the bus was a pretty woman, so james felt attracted. So he bought two cartons of chocolate milk before the bus left. But james was not able to say a word to the woman. The woman was talking on the phone for 50 minutes. I was bored so i called you. and the woman kept talking. James wanted to talk to the woman but she did not hang up. When will i be able to talk to this girl? james continued to wait. But the woman still did not hang up. So, james started to talk to the woman. For the rest of the ride, the woman continued to talk on the phone. James just wanted to give the pretty girl the milk and talk to her.

Related Questions

1. James Smith is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is Â¥129.87/$ and the 6-month forward rate is Â¥128.53/$. James thinks the yen will move to Â¥128.00/$ in the next six months.

(1) If James buys $100,000 worth of yen at today's spot price his potential gain is ___________ and his potential loss is ___________.

A) $100,000; unlimited

B) unlimited; unlimited

C) $100,000; $100,000

D) unlimited; $100,000

(2) If James's expectations are correct, then he could profit in the forward market by _____________ and then _____________.

A) buying yen for Â¥128.00/$; selling yen at Â¥128.53/$

B) buying yen for Â¥128.53/$; selling yen at Â¥128.00/$

2. David Dao of United Airlines, Inc. believes the Swiss franc will appreciate versus the U.S. dollar in the coming 3-month period. He has $100,000 to invest. The current spot rate is $0.5825/SF, the 3-month forward rate is $0.5642/SF, and he expects the spot rates to reach $0.6251/SF in three months.

(1) Calculate David's expected profit assuming a pure spot market speculation strategy.

(2) Calculate David's expected profit assuming he buys (or sells) SF three months forward.

3. Jacob Singleton trades currency for Karma Capital of Geneva. Jacob has $10 million to begin with, and he must state all profits at the end of any speculation in U.S. dollars. The spot rate on the euro is $1.3358/â¬, while the 30-day forward rate is $1.3349/â¬.

(1) If Jacob believes the euro will continue to rise in value against the US dollar, so that he expects the spot rate to be $1.3600/â¬ at the end of 30 days, what should he do?

(2) If Jacob believes the euro will depreciate in value against the US dollar, so that he expects the spot rate to be $1.2800/â¬ at the end of 30 days, what should he do?

indigosalmon414

Tom was backpacking in the wilderness. While pitching a tent, he tripped and fell toward a branch of a dead tree. In an attempt to break his fall, he extended his arm and sustained a puncture wound to his right palm. Although the wound hurt and bled, he felt it wasn't serious and went to sleep. The next morning he noticed his hand was swollen, red, and warm. Later that day (after hiking) it hurt even more and now a yellow discharge was oozing from the wound. He felt tired, his body ached, and he was developing a fever. A few days later, he felt worse and the redness was spreading up his arm. He was too sick to travel so he stayed at camp with some friends and waited until he started to get better. When he went to the ER the doctor diagnosed a recovering bacterial infection and prescribed antibiotics. Would it seem that Tomâs infection reflected a primary or secondary response to the offending bacteria? Defend your answer.

Scenario Description:

Overview: James Pratt has just been tasked with handling international clients. He needs to close a deal with Norio Tokunaka from PopWear that has already been thoroughly worked out with Michaelâs predecessor, Roger Small. Michael is unaware of the need to establish a relationship with Norio before he discusses business. Norio becomes disenchanted and refuses to sign the deal.

Profile:

James Pratt is the Director of Foreign Sales at Mustang Jeans, a U.S. company. After working at Mustang as a real estate attorney for six years, acquiring property for retail and manufacturing, Michael moved into sales at an executive level.

James is very much a no-nonsense straight-ahead kind of guy. He is friendly, but not big on small talk. He fits the stereotypical American businessman in many ways: informal, a little loud, all about money, very direct and forthright. Michaelâs career has centered in national salesâthis is his first foray into international business. Mustang Jeans is reorganizing to increase efficiency. All managers are now assuming larger territories.

Norio Tukunaka has worked at PopWear, a large Japanese retail clothing chain for his entire career. He has also been working with American companies for many years, importing a variety of products. Most of these American companies are alliances that were formed by Norioâs superiors, many years before. All of Norioâs accounts are pre-existing accounts as opposed to newly created accounts. This year, PopWear is expanding its contemporary clothing line, which includes adding new suppliers and new brands.

In his current position as Vice President of Merchandising, Norio is responsible for expanding the contemporary clothing line, which includes adding new suppliers and brands for PopWearâs 36 stores throughout Japan.

Norio has been working on a deal with Michaelâs associate Roger Small for a very long time. Michael has just taken over this region. Rogerâs report indicates that the Norio account is a done deal, with only logistics and details remaining. Michael and Norio are having their first meeting.

Scene Set-up: Norio arrives at Michaelâs office after arriving from Japan.

Scene Location: Michaelâs office at Mustang Jeans corporate headquarters in the U.S.

The Meeting - Summary: Michael spends less than a minute building rapport with Norio. He then begins to talk about signing the deal that had been previously worked out with Michaelâs associate Roger. Norio wants to continue to talk about good Japanese food and seems insulted that Michael doesnât like eel. Michael continues to press for the deal but Norio is very evasive.

Michael then gets interrupted by his assistant notifying him of his next appointment. He apologizes to Norio about the short amount of time that he has to spend with him.

3 Days Later â Norio comes back and Michael apologizes for the prior meeting. When asked to sign the deal again, Norio suggests that heâs been talking to other companies in the past few days in New York. He doesnât commit to the deal and says heâd enjoy hosting Michael in Japan and hopes they can maintain their relationship. He leaves before signing the deal to catch a plane.

Afterthoughts â Summary: Michael notes his frustration with the interaction. He acknowledges that he should have waited for Norio to start talking about the deal first. He understands that Japanese businesspeople place a high priority on relationships but also points out that he didnât have a long time to devote to small talk when it was unclear whether Norio was going to sign the deal or not.

ANSWER THE QUESTIONS BELOW!!!!!!!!!!!! THANKS

1. How did the differences between Japanâs and the United Statesâ national cultural values affect communication between Norio and Michael?

2. What information should Michael have possessed before meeting with Norio?

3. Why is Norio acting somewhat evasive with his responses? What is Norio hinting [when he mentions that Roger likes sushi]?

4. What could Michael have done better in the second meeting to continue the business relationship?

5. How can business communicators effectively learn more about different cultures? Should business communicators memorize isolated facts (e.g., a cultureâs typical greeting or attitude toward punctuality) or try to create a more holistic picture?

6. Besides broad cultural values and differences, what other main factors often vary between cultures and may have influenced the interaction between Michael and Norio?

7. Despite their many differences, do Michael and Norio share some common goals? If so, what are these goals and how might Michael have used some persuasive communication techniques to emphasize these shared goals?

8. What can business communicators do to enhance their cross-cultural communication skills?

LTKO 1C Chapter Notes - Chapter 14: Christmas Card, Er1 Electric Trainset, Insa-Dong

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