DQuestion 9What are location-specific advantages?Advantages related to conditions available in particular geographical areasAssets specific to a company's headquartersBenefits obtained from international trade agreementsAdvantages derived from a firm's inherent capabilitiesQuestion 10What role do firm-specific advantages (Fsas) and country-specificadvantages (Csas) play in the Fsa-Csa framework?1.82 pts1.82 ptsThey define the political relationships between countriesThey determine the strategic capabilities and opportunities in different locations

Question 9:Advantages related to conditions available in particular geographical areas The…

Answered: D Question 9 What are location-specific…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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With the changing demographic within the United States, how important is it for organizations to adapt to various forms of religious expression? What are the implications for organizations if they accommodate or if they do not accommodate for religious practices?
19. Explain what is the Balance of Payments (BoP) and why is it important to International Marketing Team?
QUESTION 3 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.
Globalization: Question 6 options: Should not be measured at the global level Is unavoidable and irreversible Has a universally acknowledged index Should be measured at the global level What is usually thought to help Globalization is: Question 7 options: Protecting cultural identities Revolution in communication technologies Supporting language diversity Religious differences Question 8 The administrative distance between countries refers to: Question 8 options: Institutional differences Differences in the time zones Identity Differences in education
When competing in multiple foreign markets, companies find it advantageous to concentrate their activities in a limited number of locations in all these conditions EXCEPT when A)there are significant scale economies in performing an activity. B) the activiites should be customized to each location to adequately meet buyer needs. C)certain locations have superior resources or other valuable advantages for performing certain activities. D) the costs of some activities are significantly lower in some geographic locations than in others. E) there is a steep learning or experience curve associated with performing the activity in any location.
Q 4. Identify and discuss two modes of entry that have been used by Fitbit when entering foreign markets and explain the reasons behind their international strategy. Answer this question in 400 words Case study attached, Part 1 & Part 2, Part 3 is written down Part3 case study: security at risk. 7 Research and Development The fast-paced competitiveness of consumer technology innovation demanded a steady stream of new products. Only through sustained, high-level investment in research and development to fund product design and innovation could companies such as Fitbit, Apple, and Samsung sustain consumer interest and support. In 2017, Fitbit reported that 58% of its employees were involved in research and development, a somewhat high percentage, yet necessary, given that ordinary users only wore a Fitbit for an average of 6 months before losing interest, so that Fitbit needed to add functionality in order to survive. The company also placed itself in the middle of the digital health…
McDonald’s conducts extensive marketing research for allits new products, including new menu items for its overseasstores. Because of cultural and other differences and preferences, the company cannot always extrapolate its results fromone country to another. For instance, Croque McDo fried hamand-cheese sandwiches are unlikely to be as popular in theUnited States as they are in France, which invented the croquemonsieur sandwich on which the McDonald’s product isbased. Can you think of any other kinds of firms that share thislimitation on global applications of their research? In contrast,what sorts of questions could multinational firms answer on aglobal basis? Explain.
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