Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 4, Problem 4.12A
Summary Introduction
To determine: Whether Person X’s product or service have export opportunities.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
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.
There are many modes of entry for international business.Discuss the advantages and disadvantages of each of these.If you are a small food and beverage company and plan to enter a country with high business risk,which mode of entry would you recommend.
There are many Modes of entry for international Business. Discuss the advantage and disadvantages of each of these. if you are small food and beverages company and plan to enter a country with high business risks, which mode of entry would you reccomend?
Chapter 4 Solutions
Business Essentials (11th Edition)
Ch. 4 - Prob. 4.1QRCh. 4 - Prob. 4.2QRCh. 4 - Prob. 4.3QRCh. 4 - Prob. 4.4QRCh. 4 - Prob. 4.5QACh. 4 - Prob. 4.6QACh. 4 - Prob. 4.7QACh. 4 - Prob. 4.8QACh. 4 - Prob. 4.9AECh. 4 - Prob. 4.10AE
Ch. 4 - Prob. 4.11ACh. 4 - Prob. 4.12ACh. 4 - Prob. 4.13ACh. 4 - Prob. 4.14TECh. 4 - Prob. 4.15TECh. 4 - Prob. 4.16TECh. 4 - Prob. 4.17TECh. 4 - Prob. 4.18EECh. 4 - Prob. 4.19EECh. 4 - Prob. 4.20EECh. 4 - Prob. 4.21CCh. 4 - Prob. 4.22CCh. 4 - Prob. 4.23CCh. 4 - Prob. 4.24CCh. 4 - Prob. 4.25CCh. 4 - Prob. 4.26CCh. 4 - Prob. 4.27CCh. 4 - Prob. 4.28C
Knowledge Booster
Similar questions
- There are many Modes of Entry for International Business. Discuss the advantages and disadvantages of each of these. If you are a small Furniture Company and plan to enter a Country with high business risks, which mode of entry would you recommend? Justifyarrow_forwardCultural differences are very common in International Business. How would you respond to cultural differences in matters of dealing with marketing of your products?arrow_forwardWhen thinking about expanding into foreign markets a business must make three basic decisions: which markets to enter, when to enter those markets and on what scale. Why is licensing proprietary technology to foreign competitors the easiest way to give up a firm's competitive advantage?arrow_forward
- Globalization is not a new phenomenon. Select your favorite product produced by a global organization. Provide a brief description of the product and the organization that develops the product. What are the advantages and disadvantages of the product sold internationally? What would be the advantages and disadvantages of the product being sold solely in the United States? Has your definition of globalization changed from before reading chapter one and answering these questions of a favorite product, or is your definition the same? Please explain.arrow_forwardWhat are some of the forces driving globalization and international business? What are some of the challenges of engaging in international business compared to doing business in your home country?arrow_forwardThe 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_forward
- For your career, what conditions in your home country might cause you to seek careers abroad?arrow_forwardDiscuss why you believe the products sold by Cape Union Mart is a good example of an exportable product.arrow_forwardDiscuss why countries sometimes trade goods with one another. Think about the advantages and disadvantages of trade. As the video notes if one country can produce goods better than another country why would it still trade with that country? hOW CAN TARIFFS IMPACT TRADE? Why do some countries decide to protect certain goods and products and encourage domestic production of those items rather than see them being traded for even if another country can produce the item more efficiently. If you were in charge of your home country what products and industries would you put tariffs on to protect domestic industries and supplies from international trade partners.arrow_forward
- Suggest also four (4) programs/policies which can be instituted by your government to help businesses of your country participate more in international trade.arrow_forwardHow can a company choose the most suitable mode of entry into a foreign market?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_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
