Franchising has certainly become a key component of the U.S. economy. What are the major advantages and disadvantages of franchising? Give an example of a franchise that you feel is doing well and analyze what makes them successful.
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Franchising has certainly become a key component of the U.S. economy. What are the major advantages and disadvantages of franchising? Give an example of a franchise that you feel is doing well and analyze what makes them successful.
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- Why is exporting such a popular global strategy among small businesses? Do you think this should be the case?Which of the following statements is TRUE? A. Technological change is one of the ongoing challenges that characterize the current business landscape. B. A global company can be headquartered anywhere, but usually, most of its employees come from the organization's home country. C. In today's world, planning is a top-down function in which top executives establish business plans and tell others to implement them. D. Globalization has reduced the need for innovation by equalizing production costs.What is globalization? How is globalization impacting the external environment in which businesses operate and what can businesses do to operate successfully in the global environment. What are the advantages and disadvantages of globalization?
- . What is globalization? What modes of international business are used by firms that want to globalize? Briefly describe each method. 1. What is the difference between a monochronic and a polychronic culture? How do such cultural differences affect business practices for international firms? 2. What is gross national income? How is it calculated? Illustrate your answer with a specific example. 1. What are the disadvantages of import restrictions in regard to creating domestic employment opportunities? 2. What is value chain configuration? Briefly list and discuss the factors that influence value chain configuration. 1. What is the relationship between a company's international market and its production location decisions? How do firms benefit from the use of scanning techniques when making location decisions? 2. Explain how franchising agreements differ from licensing agreements. 1. Compare push and pull promotional strategies in the context of international business.…Give an example of how the competitive environmentinfluences prices. What about government regulationand consumer trends? What are some ways the globalenvironment can influence a firm's pricing strategies?Please answer the following: Explain the importance of absolute and comparative advantage? What is the relevance of the product life cycle theory in doing international business?
- Companies seek to expand their activities globally to achieve the following goals (choose the most accurate answer): Question 12 options: a) To reach more consumers in world markets. b) To diversify. c) To lower their costs of production. d) To take advantage of the global product life cycle. e) To find new products and ideas in foreign markets. f) To take domestic product or service with global appeal to new market. g) All of the above.The globalization of markets, even for services, has increased the number of competitors and often lowered their cost of sales. The high rate of technological change in many industries has created new sources of value for customers, but not necessarily led to increases in profit for the producers. Still, those companies that have the capability to create and implement strategies that take account of these changes are well rewarded for their efforts. True or False?1.Discuss why you would not expect all industries to have a similar relationship to the economy. Give an example of two industries that have different relationships to the economy.
- 1. Multinational corporations Why do companies go global? Multinational corporations operate in locations across the world. Each company has its own motive for its presence in different countries. Consider the following case: Saltwater Logistics Corp.'s domestic demand has matured and leveled off. Consequently, the firm is looking to expand its operations overseas because it believes that its growth opportunities are more promising in foreign markets. Which of the following best describes the reason Saltwater Logistics Corp. has decided to go global? To seek production efficiency To avoid political, trade, and regulatory hurdles To broaden its markets Now consider the case of Blue Box Crate Company. Many of Blue Box Crate Company's customers have expanded to India. Consequently, Blue Box Crate Company has decided to expand its operations to India to better serve its customers. Blue Box Crate Company has decided to go global in order toOver the past two decades, the global economy has become increasingly integrated and more companies have generated more of their profits from overseas operations. Multinational corporations have more opportunities but also face different risks compared to companies that operate only in their home Discuss briefly the FOUR (4) advantages for corporations to go global in their business ventures.As a country industrializes, certain economic and social changes affect the country's geography. A. Describe ONE difference between the level of industrialization typically seen in more developed countries and the level seen in less developed countries. B. Describe the difference between the primary economic sector and the secondary economic sector. C. Explain how the rise of secondary sector employment affects population size in urban communities. D. Describe ONE change in transportation infrastructure necessary to facilitate urban industrial development. E. Explain ONE way that women's roles in the household or local labor force change as a result of a country's industrialization. F. Explain ONE way that increasing industrialization can affect gender equality in less developed countries. G. Explain the degree to which dependency theory accounts for uneven economic development at the global scale.