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What are known firms who successfully compete internationally in the United States?
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- How are companies able to use the differences in culture to effectively market a product or service to specific groups of people ?Explain commercialization?Firms possessing resources or skills not available to competing firms may attempt to exploit it internationally. This is called: a. Use foreign raw materials b. Fully benefit from economies of scale c. React to trade restrictions d. Exploit monopolistic advantages
- In 2005, manufacturing workers in the United States earned an average wage of $23.65 per hour. That same year, manufacturing workers in Mexico earned an average wage of $2.63 per hour. How can U.S. manufacturers possibly compete? Why isn’t all manufacturing done in Mexico and other low-wage countries?QUESTION 36 In 2018, a few countries want to join together to restrict the oil supply to the world market. Together, these countries' exports of oil account for 80% of the total global trade. What would they be trying to accomplish? They are attempting to form a cartel, increase their joint output, and control a larger percentage of the total global trade. They are attempting to price discriminate between consumers of their exported oil, thereby increasing their share of the global trade and increasing their joint profits. They are attempting to form a cartel, jointly restrict output, and increase the world price of oil. They are attempting to act as a bloc to restrict entry of new producers to the world market, and thereby protect their joint profits.Identify four major crude oil traders in the world and the percentage of the market share.
- Is going international something that only large and established firms should pursue after they have achieved success in their domestic markets “right off the bat”? Which are some reasons to “go international” by small and new firms? (list and explain the reasons)Many countries impose tariffs or quotas to protect the domestic industry from competition. True FalseAnalytically discuss how Economies of Scale and Imperfect Competition describe contemporary trade. (International Economics, will up vote ?)
- How Product Differentiation of Food and Beverages affect the economic of a country?? Explain.Summarize how an online venture that sells imported Honduran coffee beans would appeal to various cultures.Building materials company wants to expand its business in Iran. What mode of entry should be used to enter this international market? Why have you chosen this method? Explain advantages and disadvantages.
