www occurs when a company seeks revenue by expanding and developing markets outside of its home country's borders. Globalization Alliance standardization O Contract negotiation Strategy
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- Identification. Give the correct terms as described per number. no need for explanation 1. Company operates in various geographical locations and makes an entry into the global market. 2. Company takes over the functions of suppliers and distributors. 3. Company purchases most of the requirements from outsiders. 4. A cost-cutting mechanism to address a decline in profit because of a decrease in sales. 5. A company is not yet critical in terms of finances but intends to improve its operational efficiency. 6. A company that takes 100 percent control of the value chain. 7. Misleading financial information or hiding a health risk created by the company. 8. A company enters another industry that is not related to the industry where it presently belongs. 9. Business is selling the entire company, including all the business units and divisions. 10. Company gives up its management to a court and settles some financial obligations in return. 11. Guiding the company toward future goals…You have been hired as Marketing Management consultants to Jam down Manufacturers Limited, an authentic Jamaican snack company that has saturated the local market and wants to go international. You were asked to prepare a report to the company’s board of directors. In your report, you are required to: 1.Explain to the company, the major ways of entering a foreign market. 2. Discuss the extent to which the company must adapt its products and marketing program to each foreign country. 3. Discuss the global distribution strategies available to the company.Discuss how foreign trade zones (FTZ) can improve on the advantages gained from worldwidesourcing. Find the FTZ closest to you. I live in Northbay ontario
- Read the following text, and write a short title (1 - 3 words) which states the main topic The brand consultancy Interbrand publishes an annual list of the Best Global Brands, which shows that the worth of a brand can be much greater than a company's physical assets. For example, in the early 2000s, the value of the top ranked brand, Coca-Cola, was calculated at over $70 billion. Consequently, a company's market value (the combined price of all its shares) can be much greater than its book value - the recorded value of its tangible assets such as buildings and machinery. Brand value largely comes from customer loyalty: the existence of customers who will continue to buy the products.Select a particular multinational company which is involved in theproduction and distribution of a product and for which SCM andprocurement is of vital importance. The analysis of the company’s procurement models and strategies to supportthe operations in the company.QUES: Evaluate its procurement process and strategies and provide yourfeedback on the strategies applied by the company.QUES: Explain on particular issues, difficulties which company had facedin procurement, its success and or failures that it may have had inthe management of its supply chain_________ occurs when a firm exports goods or services to consumers in another country. Question 66Answer a. Outsourcing b. Inward Investment c. Cash Flows d. International Trade
- a) Discuss difference between functional and dysfunctional conflicts of international tradeRequirement(i) Use APA 6 th edits (2010) style of referencing(ii) Cite your work(iii) Provide local justifiable examples.(iv) Plagiarism shall be checkedHow to elaborate the points as below: Entry Mode Advantage Disadvantage Exporting The business can choose his representative in the foreign market. This also helps the business to test if its product will be a success For physical business, this is a costly strategy. A lot of research for the representatives has to be done. Licensing The company can get vertical integration without heavy capital investment. The company will not have control over the use of its intellectual property by the Licensor. Franchise This is a low cost strategy and the franchisee has the knowledge of the local market. This is a source of passive income. There is less control over the operations of the franchise partner. The franchisees can learn from your business and become competitors in future. Joint Ventures The business can leverage the expertise of the joint partner. Transfer of technology and assets is easier. Internal clashes can happen sue to changes in culture…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.
- The marketing concept with respect to international trade entails: Group of answer choices basing decisions on domestic marketing research, as it is usually more thorough and detailed than international market research. following identical procedures in foreign and domestic markets. adaptation to different environmental aspects (such as laws, cultural aspects) in the context of meeting consumers' needs. alteration only of the price, promotion, and place components of the four P's. focusing on short-term rather than long-term profit, because international trade is very risky and unstable.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.Nestle promoted their infant formula in poor countries as a supplementary food to be given for infants along with breast milk. Nestle then advertised their product in a compelling way, which made the mothers of the poor countries to believe that, they must give the infant formula for their infants. However, the formula needed to be mixed with clean water, which was the biggest lack in the poor countries such as Africa, where Nestle focused as their main markets. Due to lack of clean water and due to illiteracy of the mothers in poor countries, infant formula was mixed with water which was not clean and the babies who consumed the formula had to go through serious health issues, which sometimes caused even death. It was reported that, Nestle knew the illiteracy and the lack of clean water in African countries, yet, Nestle did not alarm it, as it might minimize their market and loss of profits (Wijesinghe, 2018). It can be clearly seen, of the lack of decency from this corporation on…