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International Business Cap 1

In: Business and Management

Submitted By Albeeeee
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1. The growth of cruise-line industry has been influenced by factors like:
-increase in and expansion of technology (refurbishment of cruises, installation of discos and casinos,etc..)
- liberalization of cross border trade and resource movements (international field, ship crews from over 100 countries, use of locally product from all over the world, treating the world as a source)
-increased globally competition (development of air-service had changed the objective of Carnival Corporationidea of fun ship vacation)
-development of services that support IB (advantages of lower taxes and less stringent employment rules)

2. In the past, ships were only used for transporting people across oceans and seas for business or pleasure, but the sea voyage was an essentially elitist endeavor, and very luxury and expensive.
The advent of transoceanic air service after World War II offered a speedier and less expensive alternative, and airlines captured passengers from ocean liners.
Furthermore, advances in jet technology made air travel a viable option for a growing mass market of budget-minded international travelers.
As a consequence, cruise companies one by one retired the great luxury lines for travels.
In this context, carnival cruise lines saw an opportunity to expand mass-market sea travel by promoting the idea of the ”fun ship” vacation, an excursion designed to be a little less formal and luxurious than the traditional ocean liner. Moreover, a lot of these vacationers gravitated to holidays (group tours, theme-park visits, and sojourns in Las Vegas) that were compatible with the Fun Ship concept.

3. Companies can obtain “flag of convenience” from about 30 different countries.
By registering as a Liberian legal entity for example a company can take advantage of lower taxes and less stringent employment rules.
Different nations also have different port…...

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