Answer: Introduction After World War II, there has been a significant increase in world trade which has led to an increase in foreign direct investment. The transformational flow of knowledge, idea, goods, people, and capital are creating new economic interactions and tremendous development. However, globalization has not only affected multinational enterprises rather it has affected all companies. The world has become a global village and sm...Read More >>
Answer: Topic: How New Products Are Developed And How Existing Products Are Managed For International Markets Introduction The idea of product development refers to the procedure of bringing innovation to different targeted and esteemed customers from concept to testing through distribution in various markets around the global society. In most cases, the need to develop new products arises when the revenue platforms of existing business ...Read More >>
Answer: 1. Trade theories serve as metrics that are used in explaining a country’s trade pattern and their effect to the local and international economy of the country (Singh, 2019 p.688). The theory of Comparative advantage and the factor proportions theory are among the trade theories that explain the reason behind the increase in the rise of China and India in the international world. Comparative advantage theory state that, “A...Read More >>
Questions: Q1. Organisational structures can help a company fail or succeed. Why do you think that is the case? Q2. What are some of the potential problems global businesses face when they outsource or subcontract their manufacturing work to companies in other countries? (e.g. an Australian company outsourcing the manufacturing of its product to a separate company in China or Vietnam)? Q3. What are some of the disadvantages that can res...Read More >>
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