Chapter Three The World Marketplace: Business without Borders Review Questions 1. What countries represent the largest global business opportunities for the next decade? What factors determine the size of the opportunity? 2. Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage in their industry? 3. Explain how to calculate the balance of trade. How does the growing United States trade deficit impact the economy? Why? 4. Explain the meaning of “strong” currency and “weak” currency. What are the advantages and disadvantages of each? 5. Why is outsourcing such an attractive way for firms to tap into …show more content…
Briefly explain why each of these five countries might or might not be a viable option for a new American business venture. 2. Imagine that you’re a South Korean fashion magnate looking to expand your line of designer clothing into America. You definitely want to establish a small chain of retail locations, and you’re considering moving your entire manufacturing operation to America. Examining factors of production, risk, inflow of innovation, and competitive advantage, is America a good foreign market to invest in? What strategy will you use to break into the American market from nearly 7,000 miles away? 3. Many multinational companies market products under different brand names when conducting business overseas. For example, Unilever’s Axe Body Spray is called Lynx in the United Kingdom and Australia. Research some of your favorite brands (or products that you buy on a regular basis), and list if and how they use alternate product names when conducting business in foreign markets. Then, explain why a company might use a different brand name abroad. 4. Similar to Coca-Cola and Nike, Hollywood megastars represent global brands in their own right. But their fans might be surprised to learn that many have leveraged their reputation in foreign markets (most often Japan) by creating ads—sometimes downright cheesy ads—to hawk products that they would never endorse in the domestic market. Use the Internet to uncover
2. Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage
I have picked Nordstrom, Inc. the American chain of extravagance retail establishments headquartered in Seattle, Washington. The organization has 349 stores working in 40 states, Puerto Rico and Canada. Nordstrom additionally serves clients through nordstrom.com, nordstromrack.com, and its online private deal website, Haute Look. To develop the business there are new domains Nordstrom needs extend their business as a feature of their general money related methodology. On account of the general microeconomic condition for the nations to be considered for an extension, they need to give extraordinary chances to Nordstrom to enhance their universal nearness. China is the clearest open door. Growing in can be affected by the expense structure and
hey this is robert list why i want to go to school for bussiness commations is to get a better job working at att wireless and to be around people and type things in on the computer i think i wold really enjoy the job when i am done with collage im really good with people and talking and i like to lean new things and i will put my best in it and i know i will make it and i think this is a perfect degre for me i hope i lean alot of stuff i will work hard to pass all the classes and i know i will do good and i will study hard
| (TCO 1) The Book Promoters Association of Canada members recently questioned what could be done to rejuvenate the Canadian book publishing industry. Some members claimed the problem was Canadian retailers had been replaced by Wal-Marts. Others said the problem was with stodgy promotions. Still others said the problem was caused by too little money being budgeted to fund marketing programs. It was time that Canadian book publishers used __________ to save the industry.
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One of the countries that I consider are best to do business is in the United States. The USA ranks number 8 on the ease of doing business. Moreover, a business-friendly environment and openness to diversity provide an ideal place to invest and thrive. Additionally, the USA has the best technology, infrastructure, and transportation system. This country has a population of 323,127,513 people with a median household income of $53,889 (https://www.census.gov/quickfacts/fact/table/US/RHI825216). Household spending is the highest in the world. Practically, any investor can thrive in this country.
According to the textbook, going global has several advantages, such as gaining access to a larger market, gaining access to low-cost input factors, and developing new competencies. Going global also has several disadvantages, such as liability of foreignness, loss of reputation, and loss of intellectual property. To choose going global, advantages that the company has must be large enough to offset disadvantages. What kind of industry would be most likely to choose going global? What kind of industry would be least likely to choose going global? Please provide the reason of your
Comment on whether the U.S. government would support a business owner's decision to expand internationally or import in light of the balance of payments and how the move internationally may affect the business's reputation as a local small-business owner.
A hypothesis is a statement of prediction. A proposition is a statement about certain concepts that can be judged true or false. When a proposition begins to be tested, it is known as a hypothesis. (Cooper & Schindler, 2011). A hypotheses act as a tentative and conjectural nature between two or more variables within a research. There are many types of hypotheses. Descriptive hypotheses are one of the most common hypotheses. The existence, the size, the form, or the distribution of some variable is stated in descriptive hypotheses (Cooper & Schindler, 2011). There are many important functions of the hypotheses. For starters, it acts as a path for the study. It also differentiates the facts relevant and those that are not. There are three qualifications that make hypotheses
Consequences regarding the international businesses and the flow of trade and investment among the three countries are given below as benefits and drawbacks of holding fixed exchange rate system-
The 3 countries I chose for this paper are Singapore, New Zealand and Sweden, before going global; there are a few things you will need to consider. Always, examine the availability of transportation, internet speeds, possible currency fluctuations, and cultural differences, political and economic stabilities of the country. Make sure that possible management partners are of the same mind set as you and that there is a clear understanding of their operational roles and responsibilities. Make your business an open book to the upper management team in the local partner company.
Identify three major countries with which your chosen company operates. Preferably, the three countries are in different continents.
Michael Lewis (2000: pages 256-257) scoffed at the whole attempt to formalize the definition of business models when he wrote that “ “Business Model” is one of those terms of art that were central to the Internet boom: it glorifies all manner of half baked plans. All it really meant was how you planned to make money.”
1.) Why do companies like Pepsi need to globalize? What are the various ways in which foreign companies can enter a foreign market? What hurdles and problems did Pepsi Face when it tried to enter India during the 1980s?