Explain the importance of international trade ?
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Explain the importance of international trade ?
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- Despite companies engaging foreign agents and distributors in their distribution channel, unauthorized international traders are able to legally import various genuine products into Ghana. With relevant illustrations, discuss five (5) reasons why manufacturers should be worried.Text answer only and give detail solution but don't give handwritten solution For an automobile company what are the different ways through which it can enter into a foreign market and adapt the business environment there.Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment in a country in Asia. This country traditionally had not conducted business with companies outside of its geographic region. Answer these questions for the US company. What geographic factors might influence the company's international business activities?Kindly elaborate your answer. Thank you so much!
- Why would a company choose to work through intermediaries when selling products in a foreign country?“The product life cycle theory by Raymond Vernon seems to be an accurate explanation of international trade patterns.” Explain."All commercial transactions between two or more countries, including sales, investments, and transportation, that need be managed carefully, are classified as international business." Explain the job of a manager in the management of an international firm in order to help the company succeed
- The New trade theory suggests that the ability of firms to gain economies of scale has shown significant implications for international trade. Trade is mutually beneficial because it allows for the specialisation of production in specific locations where final products are produced. Critique the new international trade theory propositions and ways in which this situation would be improved? What are the major problems this arrangement poses to the generation and movement of raw materials and finished products?Which of the following allows a foreign company to sell a company’s products or use its intellectual property in exchange for royalty fees?Choose one answer.a. Joint venture b. Licensing agreement c. Strategic alliance d. OffshoringWhat are the external factors that influence international distribution? Answer should be two pages long
- Introduction or Essay about Regional Trade AgreementDifferentiate between direct and indirect exporting. What types of intermediaries can exporters rely on in each case? Explain the roles of these intermediaries.Put simply, International Business is the means that enables the ends of Globalization. A) True B) False