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If IKEA can sell a sofa in China for $160, why doesn’t it sell the product at that low price in all of its markets?
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- Does the U.S. have a trade deficit or surplus? (Research this separately) What are the arguments for protectionism or free trade? How is this affecting (expected to affect) the economy (consumers, business dealings, prices, tariff income generated, etc.) Read Ezekiel 28:18, and Proverbs 31:18. How does trade played an important role in biblical times.How do appreciation and depreciation affect the prices of a country’s goods?Pick one of Porter's Five Forces and describe its key attributes. Provide an example of when this force was particularly strong in a given situation Is the force you selected stronger or weaker in highly dynamic markets? Why? What effect can government regulation have on each of these forces in your own country?
- What other policies should the United States government pursue to secure access to crucial medical goods during shocks like Covid-19?Entering foreign markets, by definition, means not investing in a firm’s home country. For example, Nissan closed factories in Japan and added a new factory in the United States. GM shut down factories at home but kept them open in Europe. What are the ethical dilemmas here? How can companies mitigate such ethical dilemmas, or should they even worry about them? Defend your opinion.Which of the following benefits could a company gain from using internal markets? -Better allocation of its resources and more accurate predictions. -Access to more input markets and greater levels of competition. -Greater market power and reduced costs of production. -Increased profits and reduced competition.
- By the year 1971, the United States was witnessing a(n) Question 15 options: positive balance of trade sharp rise in domestic and international demand for all its goods. increase in protectionist federal policies huge trade deficit.How then could you still justify the prohibition of Cocaine by the government of the USA?Should U.S. tobacco firms be allowed tomarket cigarettes in developing countries?Why or why not?
- What do you understand by the term ‘Triple Bottom Line’?How might companies react based on COVID-19 with exporting, licensing and franchising, and acquisition?Cheap—and illegal—copies of pirated popular movies, videogames, and music often are available for sale in Asia within days oftheir worldwide release. The entertainment industry has so far hadlittle success in stopping the flow of these copies into consumers’hands. Do you think multinational economic communities shouldbe more effective at combating piracy? Why or why not? Whatactions could they take?