What are the differences between the Theory of Absolute Advantage and the Theory of Comparative Advantage. What are some examples while discussing the differences?
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What are the differences between the Theory of Absolute Advantage and the Theory of
What is Leontief Paradox? How was the paradox reconciled or explained?
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- When a company operates in the markets of two or more different countries, and important strategic issue is A) how many profit sanctuaries to try to establish. B) choosing which foreign companies to team up with via strategic alliances or joint ventures. C) whether to vary the company's competitive approach to fit specific market conditions and buyer preferences in each host country or whether to employ essentially the same strategy in all countries. D) whether to use cross-market subsidization to help defeat its rivals. E) whether to test the waters with an export strategy before committing to some other competitive approach.-In the case of Burger King and Carl's Jr. If they are foreign companies, how does this influence the company's performance?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…
- Assume you are in charge of developing the strategy for an international company selling products in 50 different countries around the world. One of the issues you face is whether to employ a multidomestic strategy, a global strategy, or a transnational strategy. If your company's product is mobile phones, which of these strategies do you think it would make better strategic sense to employ? Why? If your company's product is dry soup mixes and canned goods, would a multidomestic strategy seem to be more advisable than a global strategy or a transnational strategy? Why or why not? If your company's product is large home appliances (such as washing machines, ranges, ovens, and refrigerators), would it seem to make more sense to pursue a multidomestic strategy, a global strategy, or a transnational strategy? Why?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 abroadSera Pharma, a pharmaceutical company, produces medicines in its home country. It recently started selling its products to foreign companies to expand its business and enter new markets. Which of the following international business strategies does Sera Pharma use in the given scenario? Group of answer choices A strategic alliance An acquisition strategy Exporting Licensing
- If international expansion is the most important strategic trend of the twenty-first century, should every organisation, even the smallest, develop international strategies? If so, what strategies might be adopted by (a) a mediumsized engineering company based primarily in one part of the world, such as Europe, and (b) a major grocery retailer whose sales are mainly in one country?Assume that you are in charge of developing the strategy for a multinational company selling products in some 50 countries around the world. One of the issues you face is whether to employ a multidomestic, transnational, or global strategy. LO7-2, LO7-3 Page 149If your company’s product is mobile phones, do you think it would make better strategic sense to employ a multidomestic strategy, a transnational strategy, or a global strategy? Why? If your company’s product is dry soup mixes and canned soups, would a multidomestic strategy seem to be more advisable than a transnational or global strategy? Why or why not? If your company’s product is large home appliances such as washing machines, ranges, ovens, and refrigerators, would it seem to make more sense to pursue a multidomestic strategy or a transnational strategy or a global strategy? Why?TATA Sons is a 100 years old company internationalized itself by acquiring foreign automobile brands Jaguar and Range Rover. Another Indian automobile company Mahindra internationalize acquiring foreign automobile brand adopting the same route. What problem do you feel these company would have face when they wish to acquire foreign brands? What are the favorable conditions required for acquisition? Suggest the most suitable way for the other Indian company to internationalize.
- why do some nations succeed and others fail in international competition? (Short answer)This question has two parts; be sure to answer both. First, describe the five benefits for companies of expanding internationally. Second, imagine that you are the CEO of REDO, a highly successful company that remodels and redecorates houses in the United States. The company also manufactures its own line of furniture, draperies, and home furnishings. For each of the five benefits, give a specific example of how REDO might take advantage of these benefits.Select an organization the team is familiar with and which has a global presence.General motorsManagement in the team’s organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.Createa 3 to 4-slide PowerPoint® presentation in which you describe or explain how each of the following are or potentially will affect General motor :The effect of global competition on the decisions made by management with regards tochange in labor demandsupply relations with unionsRecommend how the organization you chose may respond to each of the previous points