To Determine:
The impact on the process of globalization when the company’s introduces its product.
Introduction:
Every company follows some basic ethics to achieve its goal. Every company wishes to expand its business. Expanding a small business to international is complex and dynamic. One needs to have a deep understanding of markets, competition and trends.
Answer to Problem 1TAI1
Solution:
If a company’s product goes international it should be prepared in all terms of market situation, competition, legal and financial aspects.
Explanation of Solution
Given information:
To influence a company’s product to go international
There are two characters in this case they are a company’s products and the process of international. The process of taking a company’s product international and the requirement of the success of the company lies in its foundation. The company’s product influences the process of going international on the basis of its performance in the market with due diligence. The product must be demanding in the market. There should be a proper supply of the same. The product should be trendy and accepted by the market to cater to the required needs. They have to develop a strong strategy and business plan. The company has to establish a beachhead team.
The company should make their product ready in terms of logistics and distribution. The organization has to be ready in terms of competition and attract the local market. The organization should establish a comprehensive marketing plan. The company should be clear in all legal litigations. The company’s tax and finance status should be well maintained. The company should prepare its final budget. The organization has also to maintain the close relationship with the local business also.
Want to see more full solutions like this?
Chapter 13 Solutions
International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
- What is a multi domain strategy in SEO? How does it work?arrow_forwardNonearrow_forwardConsidering contemporary challenges in business, analyze a real-world case where a company successfully navigated a major shift in its marketing strategy to adapt to changing market dynamics. Discussion Question and Prompt: Identify the key factors that contributed to the success of their marketing strategy in the face of contemporary issues. How can businesses draw insights from this case to inform their own marketing strategies amid current business challenges?arrow_forward
- Ansarrow_forward1) View the video Service Processing at BuyCostumes (10.41 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapter 3) after watching this video. (viddler.com/embed/a6b7054c) Note: As a rough guideline, please try to keep the written submission to one or two paragraphs. 2) Orkhon Foods makes hand-held pies (among other products). The firm’s weekly sales of hand-held pies over the past seven weeks are given in the table. The firm’s operations manager, Amarjargal, wants to forecast sales for week 8. Weeks Sales of hand-held pies(000s) 1 19 2 18 3 17 4 20 5 18 6 22 7 20 Forecast the week 8 sales using the following approaches: a) Naïve approach b) 5-month moving average c) 3-month weighted moving average using the following weights: 0.50 for week 7, 0.30 for week 6, and 0.20 for week 5. d) Exponential smoothing using a smoothing constant of 0.30, assume a…arrow_forwardGeneral Accounting questionarrow_forward
- Sam's profit is maximized when he produces shirts. When he does this, the marginal cost of the last shirt he produces is , which is than the price Sam receives for each shirt he sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize his profit) is , which is than the price Sam receives for each shirt he sells. Therefore, Sam's profit-maximizing quantity corresponds to the intersection of the curves. Because Sam is a price taker, this last condition can also be written as .arrow_forwardFinancial accounting questionsarrow_forwardProvide answer general Accounting questionarrow_forward
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education