Concept explainers
To determine: The usefulness and harmfulness of import restriction or tariffs on foreign-produced goods.
Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.
Explanation of Solution
Usefulness and harmfulness of import restriction or tariffs on foreign-produced goods:
The usefulness of import restriction is that it would give time for the automobile manufacturers to plant their robotic and automation systems that would enable them to impose better competition in the domestic markets. Better competition helps in raising profits and delivering better quality products to the customers.
The drawback is that the opportunity cannot be grabbed by most of the automobile manufacturing companies. On the other hand they would consider it as an obstacle.
Want to see more full solutions like this?
Chapter 2 Solutions
EBK OPERATIONS MANAGEMENT
- Due to the recent pandemic, the topmanagement is considering on engaging into E-Commerce or somecall them as E-Business. Explain the differences between traditionaland E-Commerce way of business.arrow_forwardCan you identify any areas where the business may face potential challenges or risks ?arrow_forwardWhat do you think is e-Commerce and how is it important for different types of organizations (e.g. large, medium, small businesses)?arrow_forward
- Q) you work for an operating company that is operating a joint venture witha national oil company. Your company has expats to work with kocal staff to perform the daily operations and field development. The national oil company is the only operator in the country and there are no government safety or conservation regulations. Operating standards are well below your company's published internal standards for safety and environmental issues. What do you do?arrow_forwardFrom the technology advancement which are feeding system and drinking system how can government assist resources poor poultry farmers are acquiring these techniques on their farmsarrow_forwardWhat methods are used?arrow_forward
- Managerial Issues-ELECTRONIC COMMERCE Should we outsource our payment gateway service?arrow_forward. Do you consider restaurant outsourcing to be dishonest?Unethical? Explainarrow_forwardEconomic and business environment in Germany f.) Education and literacy levels, availability of skilled labor, labor costs in Germanyarrow_forward
- Three topic sentences to compare and contrast between industrialized agriculture and subsistence agriculturearrow_forwardwrite an account or letter about what you think are the main problems / issues in the Global Fashion industry. You can consider solutions too - what can be done? what are themain problems within the global fashion Industry? You might want to consider some of these issues; · Workers wages · Treatment of workers / work conditions · Exploiting cheaper labour in poorer countries · Job losses in wealthier countries · Chemicals and pesticides in clothing and theimpact this has on workers · Fast fashion How does the fashion industry contribute towards the climate changearrow_forwardAssume you work ina Norwegian company exporting a container of salmon to haiti. The custom official informs that there isa a delay in cleaning your container through vustoms and it may last a month. However if you are willing to pay an expedited fees of €200 he will try to make it happen in one day what are you going to do?arrow_forward
- Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning