Advantages And Disadvantages Of Business In The Business Market

In conclusion, the topic of free trade is difficult to debate and often controversial as it has advantages but also disadvantages. Nonetheless, the drawbacks outweigh the benefits as it one, contravenes basic moral ideologies, two, makes the rich, richer, and the poor, poorer, and three, jeopardizes our declining environment. All in all, free trade will neither support nor sustain our country to be ethical, prosperous or

Reduced trading costs with cooperation countries, better communication through trade, larger competition for similar companies, more choices for consumers, and a greater sense of global community.

as a result of increasing the number of different but compatible goods produced. In other words,

Competition from foreign producers affects American consumers in a number of ways. They affect the way we, as Americans, pay taxes, the way we trade with other countries and the limitations of that trade. These trade barriers protect us in order to keep specific industries of the United States safe and to protect parts of our economy. Trade barriers include tariffs, quotas, and subsidies and are a part of our economy because they are necessary for the success of our country.

• Eliminate costs related to additional buyers that will not be needed in a more production centered operation

157). One of the main reasons that countries establish trade blocs is to open markets between member nations thereby decreasing the cost of doing business by removing trade tariffs. With the implementation of trade blocs countries experience an increase in the size of consumers for products and services to export and allow organizations easier access for competing within global markets.

Free trade has long be seen by economists as being essential in promoting effective use of natural resources, employment, reduction of poverty and diversity of products for consumers. But the concept of free trade has had many barriers to over come. Including government practices by developed countries, under public and corporate pressures, to protect domestic firms from cheap foreign products. But as history has shown us time and time again is that protectionist measures imposed by governments has almost always had negative effects on the local and world economies. These protectionist measures also hurt developing countries trying to inter into the international trade markets.

Main protectionist policies include tariffs, quotas, embargos and voluntary export restraints, and Adam Smith’s idea of absolute advantage has been developed further to explain international trade. In recent years, protectionism has become closely related to globalization during which the influences of trades spread almost everywhere, so people insist upon the study of social deformities generated by improper policies on international trade and the task of pointing them out with a view to remedy. There are certainly both economic and political purposes of trade

Domestically, the romanticization of trade can trigger the rise of political parties on the right. Liberalists do not only think that all states participating in free trade will be better off, but also think that within each state, the increase of overall national income ensures the increasing life quality of every single person. However, the ideal version that trade can lift everybody up economically is false. For instance, in the US, trade can affect producers and workers in different industries differently. In some cases, trade affects capitalists and workers differently no matter which industry they are in, and in some other cases, trade affects different industries differently regardless of their socioeconomic status.

Government intervention in the trade process may be either economic or noneconomic in nature. [See Table 7.1.]

Marketing has become more and more important, especially as the purposes of marketing expanded into performing marketing researches. Through marketing researches, it is asserted that marketing starts with a real customer need. Classic marketing, has, nonetheless, focused on making the need that will draw customers, and this stresses the advertising power of marketing (Woodall 2007, p.1284). This is also called the sales concept of marketing (Woodall 2007, p.1285). An example is how advertising lures people into buying a brand, because of the

In the past few months, Blythe has seen many businesses pack up and leave town.

contribute to improved adherence by all Members to rules, disciplines and commitments made under the Multilateral Trade Agreements and, where applicable, the Plurilateral Trade Agreements, and hence to the smoother functioning of the multilateral trading system, by achieving greater transparency in, and understanding of, the trade policies and practices of Members.

Emergence of revolution in the world led to globalization. Hitherto, people gain from the massive and healthy business trades across the borders. In this case, one country is able to gain from selling or buying of goods. At some point, countries realized the importance of creating a global trading arena to encourage the producers from all nations. In this regard, people enjoyed from some exemptions that interfered with flow of goods and service across borders. Despite the vast advantage that parties enjoy in this kind of trade, they face various hurdles, which demoralize them as they perform their business transactions. For instance, changes in the economic status in one of the countries result in reduction in value of goods. Likewise, some traders may suffer due to high rates of taxation in the bordering countries.

Economies of scale:- The producers can also benefit from the application of economies of scale which will lead to reduce in costs prices for consumers as you can easily sell or trade your produced quantity of products .