To think critically about: Whether small business will participate in global trade in future. Introduction: The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

What is the better so net poem about sandwiches 5 days ago . Response a or response b

Kim and Park (2011) argue that corporate social responsibility (CSR) activities not only have value for benefitting social causes but can also be regarded as recruiting tools for attracting potential employees who perceive the organization and its CSR activities as an ethical fit. The foundation of this argument comes from an organizational perspective that views employees as important assets for a corporation. Coming from this perspective would mean that corporations would be cognizant about the imperative to have an active CSR program that matches corporate values, missions, and cultures. Walmart Inc is the company of choice. What are Walmart Inc CSR activities? What do these activities communicate about Walmart Inc? Assess whether these activities are cause beneficial or cause exploitative? Give evidence for the answer. Would it be considered working for Walmart Inc?

The following cost data relate to the office overhead costs of Hamilton Accounting Services during the just-completed year: • Office rent: $32,400 Office supplies: $6,980 Utilities, office: $18,250 • Salary, office manager: $62,180 • Salary, receptionist: $40,560 • • Depreciation-office equipment: $13,750 Software licensing fees: $27,320 Other miscellaneous expenses: $35,600 Total overhead costs: $237,040 The company applies overhead costs using a predetermined overhead rate of $7 per accountant hour. A total of 36,200 accountant hours was recorded for the year. Compute the amount of under- or overapplied overhead cost for the year.

Answer 2

Question

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Answer 6

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Answer 7

Chapter 3, Problem 1CT

Summary Introduction

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Answer 8

Expert Solution & Answer

Explanation of Solution

Given information:

95% of world’s population lives outside the U.S. and many U.S. companies especially small business are still not doing business at global level.

Explanation:

No, small business will not participate in global trade in future. Following are the reasons explained:

Doing business at global trade is not every one’s cup of tea to achieve success. Global marketing is too expensive for small business, it will not be easy for them to get success because it requires more investment, capital and they have to face lot of risks which may cause close down of business.
If small business moves its operation at global level then they have to face different culture, rules, regulations and laws which will be difficult for the small business to adapt such things easily.
There are many big corporate who can easily adapt the scenario of global markets and can achieve more success globally but small business mainly operates its business at small scale, if they enter into global market they cannot compete with the big firms and will shut down. As a result worker will lose their jobs.
Before going global small business have to become economically and financially strong and also have to maintain good reputation in the market.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Conclusion

Thus, as the global business is expensive and difficult to do the small business will not participate in global trade.

Answer 12

Ch. 3.1 - Prob. 3.1AQ Ch. 3.2 - Prob. 3.2AQ Ch. 3.2 - Prob. 1TP Ch. 3.2 - Prob. 2TP Ch. 3.2 - Prob. 3TP Ch. 3.2 - Prob. 4TP Ch. 3.3 - Prob. 3.3AQ Ch. 3.3 - Prob. 3.3BQ Ch. 3.3 - Prob. 3.3CQ Ch. 3.3 - Prob. 5TP

To think critically about: Whether small business will participate in global trade in future. Introduction: The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

To think critically about: Whether small business will participate in global trade in future. Introduction: The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.

Explanation of Solution

Want to see more full solutions like this?

Chapter 3 Solutions

To think critically about: Whether small business will participate in global trade in future.

Introduction:

The activity in which trading of goods and services is done at global level is known as global trade. It is also known as international trade.