7. "Global trade is becoming regional and more protected. These trends create largechallenges for international businesses." Using examples:a) Define the five main types of regional economic integration.b) What protectionist measures can a country or regional bloc put in place thatcreate difficulties for international businesses?c) What management actions can a business take in the face of increasinglyprotectionist policies in their international markets?

Global trade has long been a driving force for economic growth and development, with businesses and…

Answered: 7. "Global trade is becoming regional…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1.Describe the market conditions that influence a firm's decision to enter foreign markets. 2. Some companies have been criticized for moving their manufacturing to other countries where laws protecting the environment are more lenient and goods can be produced more cheaply because the firms do not have to invest in ways to protect the environment. What do you think of this practice? What can government and /or consumers do to prevent such actions?
“The phenomenon of globalisation has given rise to major benefits and costs for countries and companies in the contemporary world economy.” Discuss this statement by considering the following questions: a) What are the major trends underlying contemporary globalisation? b) What do supporters of globalisation see as its major benefits for countries and international firms? What do critics see as the major drawbacks and disadvantages with globalisation for international firms and countries? c) What is protectionism, and what techniques do countries adopt to protect themselves from the adverse effects of global trends, and the behaviour of international businesses and other countries?
Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more substantial examples of integration in the world economy?
You will choose a known Caribbean Company in the manufacturing is mount pure water (s) with information available on the internet, that does not currently operate outside the region. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product (s) could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product (s) by conducting a situation analysis to start. You are also required to suggest an international strategy after an analysis of all strategies discussed in the course. There must be at least 12 sources. This must include at least 8 scholarly peer reviewed journal sources which can be found via UWILinc or Google…
RE: Comparative International Management Describe the different opportunities to operate in foreign markets, Which opportunity is the least risky? Which one is the riskiest?
Which one of the following is NOT a reason a company decides to enter foreign markets? A) To spread business risk across a wider geographic market base B) To build the profit sanctuaries necessary to wage guerrilla offensives against global challengers endeavoring to invade its home market C) To capitalize on company competencies and capabilities D) To gain access to more buyers for the company's products/servicesE) To achieve lower costs and enhance the firm's competitiveness
Doing business in emerging markets involves strategies that are often distinct from those of other international venues. What types of business approaches can firms use when doing business in emerging markets?
How can managers effectively design and implement international business strategies that enable their companies to navigate cultural differences, political risks, and market uncertainties in foreign markets, while maximizing opportunities for growth and profitability?
explain these reasons why companies engage in international business: (A) increased profits can be gained by selling in countries where prices can be set higher (B) New markets, especially international markets, means an increased number of sales (C) Labour costs for production may be lower in some countries than others, thereby creating the opportunity to increase profits
Set up a company that is expanding from local market to international business. 1) What is the entry strategy to penetrate international market? 2) Explain your company's entry mode such as below: -Exporting -Turnkey Projects -Licensing -Franchising -Joint Ventures -Wholly Owned Subsidiaries -Strategic Alliances 3) What are the Core Competencies during the entry Mode? 4) Explain the Advantages, disadvantages, challenges facing your international trade from the perpective such as below: - Political Policies - socioeconomic impact - trade barriers - organization competitive advantage
What is the difference between international business and globalization? What are the advantages and disadvantages of globalization?
What might make Sub-Saharan Africa an attractive market for entry by international companies? Which types of firms or products might be expected to do best? Why?

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