Briefly discuss Porter’s theory of ‘Competitive Advantage’ in international trade. Give relevant examples.
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Briefly discuss Porter’s theory of ‘Competitive Advantage’ in international trade. Give relevant examples.
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- What problem do incoterms solve and why would these terms be necessary for international trade? Discuss in detail.Investigate how a country's economic size affects international trade and, therefore, international logistics.Inter-industry exchange occurs when a nation exports one commodity and imports another. Though inter-industry trade is significant, intra-industry trade is also significant today. Define intra-industry trade and demonstrate its benefits using a commodity with two (2) trading countries.
- Present and explain the difference between licensing and franchising strategies at international level. What is the best entry strategy to export services? maximum 10 lines course: export and servicesThe Heckscher-Ohlin theory is necessary but not sufficient in explaining international trade. Comment on this statement using insights from the Leontief Paradox.Discuss the possible pros and cons of the trade between United States and other nations.
- "All commercial transactions between two or more countries, including sales, investments, and transportation, that need be managed carefully, are classified as international business." Explain the job of a manager in the management of an international firm in order to help the company succeedInternational trade may offer lower unit prices but at a higher risk. Consider the total cost and trade off lower production costs with higher priced transportation and more uncertain delivery schedules. Add in disruptive weather patterns, multi-language requirements, and fluctuating exchange rates; not to mention political turmoil, labor disputes, and unique tariffs and duties. throughout the world there is one source for Schachtel Schmuggel Bannware: CousinsAg, a domestic supplier located in Wahoo, Nebraska Throughout this turnaround, we will ship utilizing Twenty-foot Equivalent Units (TEUs) from each location. Assume the following: Projected Annual Demand is 21,500 units There are 365 days in a year All product will be shipped to a distribution center in Alliance Fort Worth (AFW) where we will service our customer's needs Inventory carrying cost is 32.2% A TEU container can hold up to 600 units of our product. The Harris EOQ formula is Q* = SQRT((2*Annual Demand*Ordering…Why would a company choose to work through intermediaries when selling products in a foreign country?
- a) What are the advantages and disadvantages of a firm establishing its own distribution in international markets, and what forms might this take? What criteria should be applied when managing an agent or distributor in international markets successfully? b) Discuss the competitive advantages (if any) of forming and sustaining mutually beneficial business-to-business relationships in international business markets.A market entry strategy is the planned method of delivering goods or services to a target market and distributing them there. Once a firm decides to enter a foreign market, the question arises as to the best mode of entry. Explain advantages and disadvantages of different entry modes that Marketers must need to consider when enter the foreign market. Use critical approach to address the issues.‘Direct channels of distribution has more advantages than the indirect channels of distribution in the international trade and vice versa’ Discuss.