Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 3.6, Problem 1CC
Discuss several ways that a company can enter international trade.
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five ways a company can get involved in international trade.
Briefly examine the essence of trade in development and especially ways and means of supporting the trade practices .
Discuss the possible pros and cons of the trade between United States and other nations.
Chapter 3 Solutions
Introduction to Business
Ch. 3.1 - What is global vision, and why is it important?Ch. 3.1 - What impact does international trade have on the...Ch. 3.1 - Explain the impact of a currency devaluation.Ch. 3.2 - Describe the policy of free trade and its...Ch. 3.2 - Why do people fear globalization?Ch. 3.2 - What are the benefits of globalization?Ch. 3.3 - Discuss the concept of natural trade barriers.Ch. 3.3 - Describe several tariff and nontariff barriers to...Ch. 3.4 - Describe the purpose and role of the WTO.Ch. 3.4 - What are the roles of the World Bank and the IMF...
Ch. 3.5 - Explain the pros and cons of NAFTA.Ch. 3.5 - What is the European Union? Will it ever be a...Ch. 3.6 - Discuss several ways that a company can enter...Ch. 3.6 - Explain the concept of countertrade.Ch. 3.7 - Explain how political factors can affect...Ch. 3.7 - Describe several cultural factors that a company...Ch. 3.7 - How can economic conditions affect trade...Ch. 3.8 - What is a multinational corporation?Ch. 3.8 - What are the advantages of multinationals?Ch. 3.9 - What trends will foster continued growth in world...Ch. 3.9 - Describe some of the ways businesses can take...Ch. 3 - The executives of a clothing manufacturer want to...Ch. 3 - Do you think that MTV's future lies mostly in its...Ch. 3 - What types of political, economic, and competitive...Ch. 3 - How has MTV Networks International overcome...
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Similar questions
- Present the advantages and disadvantages of the forms or modes of entry into the international or global market.The forms of market entry that you should consider are: export, import, subsidiaries, merger, acquisition, alliances (joint ventures), licensing and franchises.arrow_forwardDell's method of engaging in international tradearrow_forwardWhy would a company choose to work through intermediaries when selling products in a foreign country?arrow_forward
- Explore two possibilities a company can enter a foreign market such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?arrow_forwardwhat are the reasons to choose an export entry mode in marketing ?arrow_forwardExamine how the scale of a country's economy influences international trade and, as a result, international logistics.arrow_forward
- The commonly used modes of entry for internationalization include exporting, licensing, acquisition, strategic alliance, and new wholly-owned subsidiaries. What are the advantages and disadvantages of each entry mode?arrow_forwardBriefly define International Business and outline the ways in which it differs from domestic business.Give relevant examplesarrow_forwardHow International trade is becoming important?arrow_forward
- When considering entering international markets, there are some significant strategic and tactical decisions to be made. Each entry mode has different pros and cons, addressing issues like cost, control, speed to market, legal barriers, and cultural barriers with different degrees of efficiency. In this perspective, discuss any two methods of doing business internationally. You are also required to briefly discuss advantages and disadvantages. Use real life examples to support your answer.arrow_forwardThere are multiple ways a company can enter a foreign market. Explore two possibilities such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?arrow_forwardExplain advantages and disadvantages of different entry modes that Marketers must need to consider when enter the foreign market.arrow_forward
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