The source of inter-industry trade is a. comparative advantage. b. technological differences. c. differential opportunity costs. d. all of the above. Explains it correctly
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Q)The source of inter-industry trade is
a.
b. technological differences.
c. differential opportunity costs.
d. all of the above.
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- a)Korean company has been exporting cosmetics to the European Union for the last 25 years. The EU market represents 55% of the company's revenue. What would be the possible business strategy and entry mode for the company (and why) if the EU implements a 45% tariff/toll on Korean goods? b)Suppose that this cosmetics-producing company is Korean Beauty, a brand which is already well-known in many countries. If a company would like to maintain the brand familiarity, what would be the possible business strategies for the company to enter the market of Brazil?Q.Reflect on the act of outsourcing production or distribution to countries that utilize questionable ethics and/or inhumane practices. Explain your stance on outsourcing to companies who use questionable ethics and/or inhumane practices to assist in gaining a competitive advantage. And support your ideas with at least one ethical framework and/or ethical principle.An Indian manufacturer of home lighting products has been facing stiff competition in the market due to its higher cost of production which leads to its products being as priced higher than its competitors. The company is therefore exploring sourcing its products from China where several low-cost suppliers are based.a. What factors must the company consider for procurement from China? How can it best facilitate its procurement on an on-going basis?b. Explain the role of government agencies in such procurement. What related procedural aspects will the company have to handle additionally for suchprocurement?
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