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- What are the various means available to companies to go international? When is an exporting strategy most appropriate?Introduction to Market Entry Strategies: Provide an introduction to the importance of selecting the right entry mode in your international business. Your international business is an oil company located in Saudi Arabia. Use this info to answer all 3 parts of the question. 1a. Discuss the potential of export options for your international business. Analyze the advantages and disadvantages of direct and indirect exporting. 1b. Explore countertrade options as an alternative entry method. Examine the implications of engaging in countertrade for your business. 1c. Examine at least three different types of contractual entry modes, such as licensing, franchising, and strategic alliances. Discuss the characteristics, benefits, and risks associated with eachExplain how to know if your company is ready to export and to commercialise at international level? What you should know and why? write 8 lines only course: export of services
- Answer all questions a to d A) Examine the pros and cons of trade agreement between two countries of one of the latest bilateral deals since Britain exited the European Union for both countries B) Many countries have entered into trade agreements for mutual benefits. The most recent in Africa is the African Continental Free Trade Area (AfCFTA). Examine how this agreement will impact participating African countries C) Much of the world’s current economic activities is concentrated in a group of countries called the Triad (Japan, EU and United States). What is the potential threat of China to these international economic drivers? D) Critically examine the extent at which the following factors have enhanced the growth of International Business: i) Expansion of technology ii) Growing consumer pressures iii) Increased global competition iv) Changing political situations v) Expanded cross-national corporationThe economic argument for trade between and within regions and countries has been provided as absolute and comparative advantage theories. Make a comparison and distinction between the two terms. Which of the two factors do you believe is more significant in understanding global trade development over the last 25 years? What is the reason for this?Regional Economic Integration (REI) is a process in which neighboring states enter into anagreement in order to enhance cooperation through common institutions and rules. Intraregional trade refers to trade which focuses on economic exchange, primarily betweencountries of the same region or economic zone. REI has enabled countries to focus on issuesthat are relevant to their stage of development as well as encourage trade between neighbours.There are four main types of REI namely Free Trade Area (FTA), Customs Union, CommonMarket, Economic Union, and Political Union. The complexity of the REI increases as we movefrom FTA to a Political Union. The ASEAN Free Trade Area (AFTA) [1] is a trade blocagreement by the Association of Southeast Asian Nations supporting local manufacturing inall ASEAN countries. When the AFTA agreement was originally signed in 1992, ASEAN hadsix members, namely, Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand.Vietnam joined in 1995, Laos and…
- Ausco Ltd an Australian mineral exploring company has decided to enter South Africa to mine for copper and gold. List the modes of country market entry strategies available to Ausco in order, from low risk to high risk. Explain Briefly please1. Select ONE country and explain how globalization impacts on the economy of that country 2. Provide detailed overview of existing trade agreements of the country with other country or other region 3. List down the products those have “import restriction” by that country 4. Identify ONE brand of that country that has presence in another country andexplain their strategies to go globalExplain the pros and cons of the government of Costa Rica, using the following trade barriers: 1. Tariffs 2. Subsidies 3. Quotas Justify your answer for each trade barrier with actual data and evidence for specific industries.
- How would you explain a competitor’s methods of engaging in international trade?The key factors and forces that that drive the expanding scale and scope of globalization include: 1. Rise in and application of technology2. Liberalization of cross-border trade and resource movements3. Development of services that support IB4. Growth of consumer pressures5. Increase in global competition6. Changes in political situations and government policies7. Expansion of cross-national cooperation Philip Newman runs a seafood restaurant in Philadelphia. Nowadays, it is possible for him to buy fresh grouper in Indonesia and have the product flown immediately To Philadelphia. Mr. Newman is able to do this because _________________. A) he has established contacts in Indonesia B) the cost of grouper is about the same in Indonesia than in other countries C)Indonesia is the largest exporter of grouper D) there have been dramatic advances in transportationProvide at least two (2) examples/case studies of international modes of entry utilizedby multinational corporations in Thailand, Malaysia and South Korea that havesucceeded or failed. The name of the multinational must be clearly stated in eachexample. Be sure to state the mode of entry utilized in each example in each country.Why do you think they would have succeeded or failed in each example included?
