Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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The essence of competitive advantage is the ability of a country to produce a better product or similar one but at a lower cost than the other countries.
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- Dispersing particular value chain activities across many countries rather than concentrating them in a select few countries can be more advantageous, except when Group of answer choices buyer-related activities (such as sales, advertising, after-sale service, and technical assistance) need to take place close to buyers. there are diseconomies of scale in trying to operate from a single location. it helps hedge against the risks of exchange rate fluctuations, supply disruptions, and adverse political developments. buyers' demand for short delivery times and/or high transportation costs make it uneconomical to operate from one or just a few locations. there are reasons to decouple buyer-related activities in favor of locational advantages.arrow_forwardPrice Quantity Demanded $26 17,000 32 15,000 38 13,500 41 12,000 46 10,500 56 9,500 66 8,000 Show Transcribed Text What will be the equilibrium Price and Quantity for the industry? Show graphicallyarrow_forwardBy 2007, the roughly 30-year process of near-constant deregulation had proven to be disastrous to the overall health of the US macroeconomy, particularly in which of the following sectors? A. Telecommunications B. Postal Services C. Banking and Finance D. Nuclear Power E. None of the Abovearrow_forward
- What is the contribution to the asset base of the following items under the Basel III requirements? $500 million commercial and industrial loans, B- rated. $100,000 performance-related standby letters of credit to a AAA rated corporation. $100,000 performance-related standby letters of credit to a municipality issuing general obligation bonds.arrow_forwardWhy is it acceptable to the government of China to capture 3 million of their own naturalborn citizens, then force them to work in the China product supply chain? Please be as detailed as possiblearrow_forwardThe "Eclectic Paradigm" by John Dunning identifies three categories of gains from international production, which of the following is not one of these categories? Ownership-specific assets International effects Internalisation advantages Location advantagesarrow_forward
- How do companies generally get a leg up on the competition? Can you provide any instances of similar methods?arrow_forwardplease no plagiarism just need your opinion. Do you feel the current system of global supply chains is sustainable? why or why not?arrow_forwardOpportunities for college graduates in international business continue to decrease. True or False True Falsearrow_forward
- The valuable international business concept which shifts our attention “from recognizing the differences in competitive advantage to answering, which firms from which nations gain advantage in the industry", does not include the following among its key determinants: Factor conditions O Related and supporting industries Portfolio investment O Demand conditionsarrow_forwardWhere do you think here's a chance of supply chain delays or commodity shortages?arrow_forwardTrue or False. In the automobile industry, scale economies have resulted in the biggest automobile companies—Toyota, General Motors, Volkswagen, Ford, and Hyundai—also being the most profitable.arrow_forward
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