1. What do you understand by international trade and what are the factors that may have an impact on international business activity?
2. What are market analysis tools? Give three examples where market analysis tools can be applied with regards to international trade.
3. Workplace health and safety authorities in each state and territory and Safe Work Australia have responsibilities for enforcing the OH&S legislation. They provide information and advice on safety and health at work. OHS standards in the workplace are important to get right. Employees and employers both have OHS rights and responsibilities. Give two responsibilities each for employer and employee to ensure compliance with the Act.
4. The Fair Trading Act 1989 allows to make provision with respect to certain unfair or undesirable trade practices, to regulate the supply of goods and services, to provide for a commissioner for fair trading and for related purposes. What is the principal objective of the Fair Trading Act 1989?
5. Which information processing guidelines are outlined in the Queensland Information Privacy Act 2009?
6. Briefly explain why it is important that a manager understands ethical principles and behaves in an ethical manner.
7. What is the main objective of the Trade Practices Act 1974?
8. Business information is an indispensable managerial resource. The amount of business information available is increasing in step with advances in information and communication technologies. International trade can also be facilitated with the right information collected from internal and external sources. Give three examples each for sources of internal information and external information for international markets.
9. As the new product project advances through the structured process, financial forecasts are an important metric that gatekeepers will review and scrutinize. Again, profitability is the goal of all companies and new product development efforts are an effective path to achieving revenue growth. Historical Trend Analysis is a forecasting tool widely used. Explain how this tool can be applied to forecast international market needs.
10. Trade is increasingly global in scope today and as a result, consumers and businesses now have access to the very best products from many different countries. Give two reasons which may affect the range of products or services marketed by business in international settings.
