šŸ·ļø LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION ā†’
Log in
Economics
2
answers
0
watching
14
views
12 Dec 2019

1. Explain how socio-cultural difference can create trade difficulties in world markets.

2. Define offshore outsourcing and explain its pros and cons.

3. Describe and provide examples of four different strategies for reaching global markets.

Watch
2
answers
0
watching
14
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Get unlimited access
Already have an account? Log in
Share
Elin Hessel
Elin HesselLv2
13 Dec 2019
Get unlimited access
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

10. A. Under what conditions would WTO allow countries to impose (practice) the following (be specific)?

1. Anti-dumping duties

2. Countervailing duties

3. Regional Trade Agreements

4. Subsidies

B. Describe the characteristics of each of the following trade blocs. Be certain to explain the ways in which they are the same and the ways in which they differ.

a. Economic union

b. Common market

c. Customs union

Free trade area

C. Offshoring and offshoring outsourcing

a. Why do companies offshore some of their activities?

b. Is offshoring different from traditional trade in goods and services? Explain

c. Is offshoring or offshore outsourcing good for a home country? Explain

1. After reviewing the Readings, select a company that currently operates domestically in the United States or your home country.

2. Consider the marketing strategies the company you selected can employ to grow its market share in the United States. Then, consider whether the company should use the same marketing strategy or a different one to gain market share in an international market.

Post by Day 3 the following:

3. A brief description of the company you selected, including its products or services and the market or markets it serves.

4. Describe two marketing strategies that firms can select for growing their market share domestically.

5. Explain which of the two marketing strategies you selected should be adopted by your chosen company to continue its growth in its current domestic market and explain why this strategy would be effective.

6. Explain whether the company should use this same marketing strategy to grow internationally or into other markets or regions or whether it needs to employ a different one.

7. Give an example of how the marketing strategy (or strategies) you have selected would apply in the domestic and international context. Provide a rationale to support your conclusions.

1. Define strategic competitiveness and above-average returns. What is the relationship between strategic competitiveness and returns on investment?

2. Explain why it is important for organizations to analyze and understand the external environment.

3. Describe the importance of internal analysis of the strategic success of the firm.

4. Define strategy and business-level strategy. What is the difference between these two concepts?

5. Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

6. Differentiate between corporate-level and business-level strategies and give examples of each.

Ā 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in