Internationalization: Motives and Foreign Operation Modes
Motives for Internationalization
Understanding why firms internationalize is crucial, as it influences their strategies for market entry, country selection, and operations. The main motives are:
- Market-Seeking Motives:
- Goal: Access foreign markets with strong sales potential.
- Key Factors:
- Market size and growth.
- Attractive customer segments.
- Bridgehead strategies to enter adjacent markets (e.g., Hong Kong for China, Austria for Eastern Europe).
- Follow-the-Customer Strategy:
- Manufacturers or service providers
Understanding Free Trade: True/False, Definitions, and FAQs
Free Trade: True or False
- Free trade can cause workers in a country to lose jobs: True
- NAFTA is a free trade agreement: True
- Free trade doesn’t need rules: False
- Free trade goal is to create a common trade policy: True
- Domestic producers will have increased competition with free trade: True
- Free trade areas allow countries to focus on their competitive advantages: True
- U.S.A has 20 free trade areas: False
- U.S.A. has free trade agreement with 20 countries: True
- Colombia is a partner country of the U.S.A:
Strategic Market Entry: Planning and Execution
Chapter 9: Strategic Market Entry
Planning
Market Entry → Yes or No → Choice of Market → Market X, Y, or Z → Choice of Entry Type → Entry Strategy
Market Attractiveness
Market attractiveness is related to the following factors:
- Market size
- Market growth rate
- Number of competitors
- Product differentiation
- Cost structure
- Current prices
- Current returns
- Barriers to entry
Barriers to Entry
Barriers to entry allow incumbents to operate profitably while making entry relatively unattractive. These barriers include:
Read MoreUnderstanding Grief in ‘Ransom’ and ‘The Queen’
Despite the distinctive contexts and settings of David Malouf’s Ransom and Stephen Frears’ The Queen, the notion of grief and its exploration is heavily delved into within both texts. As Malouf presents us with the image of Hector’s lifeless body being dragged through the sediment, we are reminded of how difficult it can be to overcome grief. Indeed, due to past habits, overcoming one’s grief is heavily restricted and difficult. In addition, both texts indulge in how grief can be overcome by connecting
Read MoreInternational Trade: Comparative Advantage & Economic Impact
International Trade Theories: True or False
Increased foreign competition tends to increase profits of domestic import-competing companies. False
The development of diesel engines and gas turbines helped reduce transportation costs and thus increase international trade among nations. True
According to Adam Smith, mutually beneficial trade requires each nation to be the least-cost producer of at least one good that it can export to its trading partner. True
Answer questions 205 and 206 using the information
Digital Logic: Flip-Flops, Shift Registers, and Counters
Unit 5: Flip-Flops and Latches
When both inputs to a NOR gate are low, the output will be high. S-R latch circuits have two stable states, making them bistable. Transistor switching occurs in nanoseconds. Timing dependencies causing incorrect output are known as hazards. Combinational circuits lack memory; their output depends solely on inputs. The flip-flop was invented in 1918. A flip-flop changes state at the positive or negative edge of a clock signal. Events drive both asynchronous and synchronous
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