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- You are a startup business and would like to get into the export market. Your company owns the patent for a beauty product that is in high demand. Your problem is that you are small and do not have a lot of cash. Before you jump into the export market, you must develop a strategic plan. What is your plan and, based on that, what would be the most effective method of entering the export market?What factors should be considered as feasible by a company planning to expand either Canada, Jamaica or Haiti?Who’s to blame?A Southern African company, Selebeas Parts Pty Ltd was founded in 2000 by four business friends, who were retrenched from a well known car manufacturing company. They each specialized in different areas. Thomas was made the Chief Executive Officer because of his International business exposure and global network that he built up over the years. They decided to manufacture vehicle body parts and bought a declining factory. A few changes were made to get themselves into production.Thomas spent several weeks overseas sourcing contracts and was lucky enough to secure a huge contract with Nigerian Government in North West Africa to manufacture bonnets and doors for luxury Nigerian built cars.It will be expected to Nigeria until a subsidiary factory was built and staffed in Nigeria. This would put Selebeas on the road to success because it was a multi-billion rand contract. A South African expatriate would then be appointed as a General Manager, while ten South African…
- You are opening a brand-new business, built to export from the inception. What are the various factors you will have to consider in the business planning? ExplainPlease help with a discussion on question #2. The base country is Nevis and the countries trading to is Australia, Columbia and Germany. You are asked to simulate your own multinational corporation (MNC).You are required to justify the form of their own MNC, based in the Caribbean, which tradeswith three countries outside of the North America region. Students will then examine issues relatedto foreign exchange management within their multinational corporation.This group assignment should address the following:1. The type of MNC, whether franchising, licensing, the exportation of a product soldthrough a distributor, etc. The rationale behind using this form of MNC should also begiven.2. The main foreign currencies that will be used in the business.3. The foreign exchange exposure of the company and how the company plans to managethis exposure.4. Any current financial issues that affect the operating environment of the MNC and howthese issues affect the company’s foreign currency…1. Complete the following questions: a) What are the factors that can influence a country’s standard of living? b) Do you think it is possible to achieve unlimited growth if a country had all the available factors of production? Why or why not? c) Do you agree or disagree with the assumption that greater capital expenditures hinder the growth rate of economic progress? Why or why not?
- 3 a) Start with a model of the situation before the crisis in Ukraine. Draw a model of a representative individual firm in the market for wheat, i.e. an Australian wheat farmer who is a price-taker in the global market for wheat, in long-run equilibrium. Comment on the assumed market structure. Show and explain the amount of wheat the farmer will produce to the market, and explain revenue, costs and profits.Why do you think the NFL has an easier time expanding into countries such as the United Kingdom and Canada than countries such as Germany or China?Midas Touch, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Coolco, an air-conditioner manufacturer, faces intense pressure from its home market. Barker, a dog-toy manufacturer, has encountered little competition in its country of origin. In which company should Midas Touch invest? Select one: a. Coolco, because firms that face stiff competition at home tend to do better abroad b. Coolco, because air conditioners cost more to ship than dog toys do c. Barker, because dog toys cost less to ship than air conditioners do d. Barker, because firms that face little or no competition at home tend to do better abroad
- Following your analysis of your company situation, you had the idea and the ambition to export your services to foreign markets. However, you are not sure how to proceed in order to make your export project a reality. You want the advice of experts in the field. Where could you find these advisers or, in other words, which institutions offer export support in Canada? course: Export of services write 6 lines onlyForeign investment continues to grow in the United States.Do you think this is a positive trend for U.S. businesses andconsumers? Why or why not?Moots is a high-end bicycle manufacturer located in Steamboat Springs,Colorado. Assume the company is considering entering the Brazilian,Chinese, and Indian markets. When conducting its market assessment,what economic factors should Moots consider to make its decision?Which market do you expect will be more lucrative for Moots? Why?