Answered: Give examples to show why the following…

Give examples to show why the following factors are reasons for international trade: d) Existence of Economies of Scale in Production e) Existence of Government Policies

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter3: Exploring Global Business

Section: Chapter Questions

Problem 9CC

See similar textbooks

Related questions

Q: Describe the four globalization strategies representingdifferent levels of involvement for a firm:…

A: We can say that where Globalization is the process of a domestic company entering other countries…

Q: Why market diversification is one of the disadvantages of international trade. Explain.

A: There are different strategies and tactics that are being followed in marketing organizations to…

Q: iscuss the pros and cons of trade barriers from the industry point of view andfrom the consumer…

A: ANSWER IS AS FOLLOWS:

Q: There are many Modes of Entry for International Business. Discuss the advantages and disadvantages…

A: Modes of entry for International Business: A business is found to enter into a foreign market in…

Q: Free trade is such a good idea, explain why do countries not simply remove all their duties and…

A: A free trade agreement is a settlement between at least two countries to decrease obstructions to…

Q: 1) Explain why the following factors are reasons for international trade: a) Differences in…

A: In general terms, international trade refers to a scenario whereby there is an exchange of goods and…

Q: Explain the political-economic and socio-cultural impacts of ASEAN arrangements on regional business…

A: ASEAN is a group of Ten countries of South East Asia, the region of ASEAN is one the most important…

Q: entering

A: Talking about the various entry processes then, entry of the new competitors will be there in the…

Q: Discuss the possible pros and cons of the trade between United States and other nations.

A: Imports and exports of goods has increased the purchase of foreign-based goods and services amongst…

Q: A product should not be outsourced if a. it is inexpensive to produce b. it is made in many…

A: outsourcing means hiring the third party who are outside from the company , they are responsible for…

Q: Globalization leads to all of the following EXCEPT ________. A) harmonious relationships among…

A: Globalization directs to an unobstructed flow of knowledge, technology, & products among nations…

Q: Please answer honestly and using your own sentences. Briefly discuss why the understanding of…

A: International trade takes place between the two countries when they start their business of…

Q: describe the advantages and disadvantages of the approaches to international marketing entry…

A: Global marketing is the beginning, center, and end of how a business organizes, plans, opinions, and…

Q: theories of international trade on export of electrical and electronic goods from malaysia

A: International business: When a person or a company is involved in commercial activities, which…

Q: Summarize the different theories explaining trade flows between nations. Provide sources for your…

A: International Trade: International trade theories are completely contradictory theories to describe…

Q: Do a foreign company exporting products to the philippines could be considered doing business in the…

A: Exporting refers to producing good in one country and selling goods to buyers in another country. It…

Q: Inter-industry exchange occurs when a nation exports one commodity and imports another. Though…

A: Eli Heckscher and Bertil Ohlin developed the Heckscher–Ohlin (H-O) model, which is an equilibrium…

Q: Give examples to show why the following factors are reasons for international trade: a) Differences…

A: Hi! Thanks for the question. As per our Bartleby guideline we are supposed to answer only three…

Q: Disadvantages in direct exporting strategy in Toyota Malaysia.

A: Below is the solution:-

Q: international

A: International trade: A country's exchange of products and services is referred to as international…

Q: A

A: Talking about the sustainable approach to the tourism development then, we are going to use the…

Q: there

A: Ans1) Talking about the benefits of using the local goods and services then, it is due to the…

Q: Discuss the pros and cons of trade barriers from the industry point of view andfrom the consumer…

A: Trade barrier is described as the barriers imposed by the governments of respective countries in…

Q: Please use diagrams to show the theory of comparative advantage to show how international trade…

A: The theory of absolute advantage was proposed by the Economist, Adam Smith. However, Adam Smith…

Q: If I manufacture a product in the U.S. and ship it to a customer in Australia, what kind of…

A: The answer is as follows:

Q: What are the various means available to companies to go international? When is an exporting strategy…

A: Exports are products and services that are manufactured in one country and sold in another to…

Q: Explain the underlying rationale for global trade and explain the difference between comparative and…

A: Global trade: While imports and exports are conducted, a nation attaches importance to the cost of…

Q: How and why differing market conditions across countries influence a company’s strategic choices in…

A: Many nations around the world use tariffs to help balance markets, in part to shield their domestic…

Q: Discuss the ways that companies engage in international trade (e.g., import, export, licensing,…

A: International commerce, commercial transactions between countries. Commonly traded items include…

Q: Explain the impact of covid - 19 on trade in Pakistan

A: Economic growth was disrupted during this epidemic condition. Businesses throughout the world,…

Q: which of the following factors have provided businesses with more opportunities to buy and sell…

A: A barrier is anything that makes anything tough to accomplish as well as acquire, including a…

Q: Outline and explain what factors have contributed to the growth of Globalization in recent decades…

A: In general terms, globalization means the integration of different economies globally. Nowadays,…

Q: Advantages and disadvantages of using exporting strategy.

A: Exporting refers to a type of market entry strategy under which an organization decides to sell its…

Q: In recent years, the rate of globalization increased due to the following reasons, except .a All the…

A: Ans : (a) All the choices are correct. Globalization: It is the integration of markets in the global…

Q: The Heckscher-Ohlin theory is necessary but not sufficient in explaining international trade.…

A: Heckscher-Ohlin theory, in financial matters, a theory of near advantage in global exchange as…

Q: Firms are motivated to internationalize for all of the following reasons except

A: Internationalize the business indicating the process of expanding the market's outer border of a…

Q: what are some of the international trade barriers (identify 2 to 4) between the United States and…

A: International trade increases the number of commodities that home customers may choose from, cuts…

Q: provide an example of how an international company (such as Unilever or Mondelez International)…

A: International companies such as Unilever or Mondelez International, would change its distribution…

Question

1) Give examples to show why the following factors are reasons for international trade:

d) Existence of Economies of Scale in Production

e) Existence of Government Policies

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Briefly discuss the international trade system in your own words
Compare and contrast the advantages for entering and competing in foreign markets for the strategic options of exporting, licensing, and franchising.
Define the term export broker?
Examine how Gravity model explains international trade
Discuss why countries sometimes trade goods with one another. Think about the advantages and disadvantages of trade. As the video notes if one country can produce goods better than another country why would it still trade with that country? hOW CAN TARIFFS IMPACT TRADE? Why do some countries decide to protect certain goods and products and encourage domestic production of those items rather than see them being traded for even if another country can produce the item more efficiently. If you were in charge of your home country what products and industries would you put tariffs on to protect domestic industries and supplies from international trade partners.
Outline and explain the reasons for International Trade. Please provide examples to justify your points for each section.
What are the impact of import limits on trade in general?
As the drivers of globalization continue to pressure both the globalization of markets and the globalization of production, we continue to see the impact of greater globalization on worldwide trade patterns. Do you think globalization is a threat or an opportunity for International Business?
What is the Bill of Lading in international trade?
provide/describe at least 2 economic/political arguments for regional economic integration or Agreement