Macro and Microeconomic Concepts in a Global Context, management homework help

timer Asked: May 15th, 2016
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Question Description


Part 1

You are a business owner firm that manufactures a specialized product in the United States. While developing a 5-year strategic growth plan, you have decided to investigate the benefits and disadvantages of expanding internationally. Research the issue, and discuss the following:

  • How would international expansion affect your business?
  • What are the risks, advantages, and disadvantages to your business of international expansion?
  • Do you think it is worth it?

Part 2

  • If you were the owner of an automobile company and decided to market internationally, would you face imperfect, monopolistic, oligopolistic, or perfect competition? Please justify your answer.
  • What sort of circumstances would you have to be aware of, and why?
  • What if you were a major retailer in the United States?

Tutor Answer

School: Purdue University


International expansion of business
Expansion of business internationally has many impacts on the firm. The global
expansion of any business poses both negative and positive effect on the company. Development
of business globally can rejuvenate a struggling enterprise. A company that operates in a
saturated market easily finds outlets for its products and services on its development in other
countries. Scarce resources in hometown can easily be found in other countries; hence, a
company that is expanded globally can easily grow fast. However, ...

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