Several theories have been forwarded to explain the patterns of international trade. Using relevant examples, in what ways is Porter's Diamond framework different from Krugman's New Trade Theory? (Min 200 words)
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- How the home market conditions facilitated the success of Toyota in the internationalmarket. Word Limit: 250, 3-4 Paracovid 19 is likely to impact both the volume and the direction of international trade ina big way. elaborate.47. Which is not a mode of market entry? Exporting Importing Licensing franchising
- Why should marketers be aware of the BRIC countries? Multiple Choice They are a microcosm of the rest of the world. They have had the most dramatic changes in culture and consumer buying patterns. They have stable population growth, which makes them easier to study. They represent almost half the world's population. They are likely to be the source of most market growth.( 155) If you were James Benfield, what kinds of information you are about to collect if the company decides to enter China's market? And please explain why these information are necessary?For an exchange to take place successfully, all the gaps in the marketing process should be successfully covered between production and consumption. There are certain gaps that are most relevant in the marketing process of CBD oils in South Africa. Discuss two intermediaries of your choice that would be responsible for closing the three gaps; the housing gap, the time gap and the info-gap.
- "The process of standardisation is viewed by some as more cost-effective, while adaptation enhances satisfaction of customers (Vrontis, 2003). However, there is a disagreement between scholars on whether standardisation or adaptation is the right approach…” In the light of the above extract, critically discuss the arguments FOR and AGAINST the standardisation and adaptation of the marketing mix in the international context?_____are becoming a favorite way for nations to impose new duties. The WTO continues to fight these new, creative barriers to trade. Antidumping duties Special excise duties Basic excise duties Production taxes Manufacturing taxesDevelop a chart that lists the key factors that encourage adaptation and standardisation. Is there a difference between goods and services in terms of the need for standardisation and adaptation? What influence might culture and the type of product play on the need for adaptation? Give an example you are familiar with for each of the five categories discussed in the chapter.
- Use the information and excerpt below to answer the question. In 1994, President Bill Clinton gave an example of the criticism of the General Agreement on Tariffs and Trade (GATT).The idea is that since we live in a global economy and there are people in other places who can work for wages we can’t live on, if we open our markets to them, they will displace our workers . . . Which result would policies addressing this criticism and the protectionist policies in place before the Great Depression most likely have in common? Responses Political instability causes trade imbalances. Political instability causes trade imbalances. Trade restrictions limit the growth of economies. Trade restrictions limit the growth of economies. Political instability decreases trade activity. Political instability decreases trade activity. Trade restrictions reduce demand for consumer goods.Which of the following is one of the main political causes of instability in international markets? Environmental awareness Differences in economic philosophies Varied taxing conventions Global focusWhich of these economic environment events will give be favorable? A. increase in population B. increase in taxes C. political instability D. high employment rate