Explain the differences between the theories of absolute advantage and comparative advantage.
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- What advantages and disadvantages does exporting have? What advantages and disadvantages does foreign manufacturing have? 3. What are the advantages of employing local personnel and managers when operating overseas?4. What relevance do currency exchange rates have for foreign trade?5. What other factors might be relevant?There are many Modes of entry for international Business. Discuss the advantage and disadvantages of each of these. if you are small food and beverages company and plan to enter a country with high business risks, which mode of entry would you reccomend?Organizations choosing to enter global markets have several strategies available, including exporting, licensing, joint ventures, direct investment, and importing. What are the advantages and disadvantages of each strategy?
- Discuss the advantages and disadvantages of Exporting and Joint Ventures as the two possible mode of entry in international business. Which mode of entry would you favor for a small firm entering a high risk market?Your company is considering exporting its products to Egypt. Yet, management’s current knowledge of this country’s trade policies and barriers is limited. Before your company’s management decides to export, a more detailed analysis of the political and economic conditions in Egypt is required. Prepare an executive summary of your analysis and findings of the factors you would look at? What is the basis of Country’s comparative advantage and absolute advantage in the production of goods and services?explain these reasons why companies engage in international business: (A) increased profits can be gained by selling in countries where prices can be set higher (B) New markets, especially international markets, means an increased number of sales (C) Labour costs for production may be lower in some countries than others, thereby creating the opportunity to increase profits
- Review International business: Opportunities and challenges in a flattening world: Chapters 1 & 2. Assume that you are the manager for a large U.S. manufacturing firm. Choose one of the classical country-based or modern firm-based trade theories that you would find most helpful in formulating a global strategy for your company. Explain your choice including a description of how you would apply this theory to your company's global operation.Write an essay in which: Discuss at least four of the entry strategies of companies to other countries and which one you understand would be the most useful for a Puerto Rican company that wishes to do business in India. Identify at least two companies that have a global presence and what challenge you understand they had to face to achieve their success.There are many modes of entry for international business.Discuss the advantages and disadvantages of each of these.If you are a small food and beverage company and plan to enter a country with high business risk,which mode of entry would you recommend.
- Prepare to discuss an multinational enterprise's (MNE’s) decision to expand into new areas. Discuss the following scenario: After becoming the president of the multinational enterprise (MNE), your board of directors has instructed you to begin the process of expanding to the Asian Pacific market. What market opportunities, sourcing advantages, strategic imperatives, and transnational strategies should you consider when expanding abroad?How does china’s trading with developed nations conform to the idea of comparative advantage and factor endownment?You will choose a known Caribbean Company in the manufacturing is mount pure water (s) with information available on the internet, that does not currently operate outside the region. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product (s) could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product (s) by conducting a situation analysis to start. You are also required to suggest an international strategy after an analysis of all strategies discussed in the course. There must be at least 12 sources. This must include at least 8 scholarly peer reviewed journal sources which can be found via UWILinc or Google…