QUESTION 3a)b)"Trade policy uses seven main instruments."Source: Adapted from Global Business today: Charles W. L. Hill, McGraw Hill, 2014, page191.Describe any five (5) policy instruments used by governments to influenceinternational trade flows.Explain Michael Porter's Diamond Model.

International trade covers both large and small firms engaged in business overseas. Possible drivers…

Answered: a) b) "Trade policy uses seven main…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Covid-19 looks like a “bend but won’t break crisis” for globalization. International flows areplummeting, but globalization — and opposition to globalization — will continue to present businessopportunities and challenges. Careful attention to the drivers of globalization’s future can helpcompanies navigate through and even profit from globalization’s turbulence. A volatile worldof partially connected national economies expands possibilities for global strategy even as itcomplicates the management of multinational firms. Now is the time for global corporations to showtheir value by harnessing the best of the world’s capabilities to end the pandemic and bolster therecovery.Critically discuss the drivers of globalisation that were most affected by the Covid-19 crisis.
Some of the disadvantages of is that the firm risks giving control of its technology to its partner and the shared ownership can lead to conflicts for control. Licensing Franchising O Joint Venture O Exporting Which of the following is a characteristic of less desirable market for entry? * O Adequate Demand Politically stable O Market Economy O Heavy private sector debt
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7. List disadvantages for a domestic economy and the citizens of home country that come as a result of Firm's decision to go global. How could the Firm mitigate these disadvantages?
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Foreign Market Commonalities Various factors or forces impact a company's decision to go into a foreign market and affect the outcome of that decision. If a country or market has several factors in common with the original market, or with the other markets selected when choosing several markets, it will be easier to enter that market. • If a U.S. software company that primarily creates and sells educational software on math, language, and even coding wants to expand into two foreign markets, what factor commonalities (as found in the learning activities) should the company be looking for when deciding on the two countries? • Provide two country suggestions and explain your reasoning.
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Tesco utilized various international entry modes and strategies in Ireland and France. Discuss each strategy used in each country. Tesco utilized various international entry modes and strategies in Ireland and France. Discuss each strategy used in each country. What international entry mode would you suggest, apart from the ones being utilized in the Irish and French markets?
7. "Global trade is becoming regional and more protected. These trends create large challenges for international businesses." Using examples: a) Define the five main types of regional economic integration. b) What protectionist measures can a country or regional bloc put in place that create difficulties for international businesses? c) What management actions can a business take in the face of increasingly protectionist policies in their international markets?

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a) b) "Trade policy uses seven main instruments." Source: Adapted from Global Business today: Charles W. L. Hill, McGraw Hill, 2014, page 191. Describe any five (5) policy instruments used by governments to influence international trade flows. Explain Michael Porter's Diamond Model.