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Our focus shifts from the environment for international businesses to the firm itself and in particular to the actions managers can take to compete more effectively as an international business.
The goal of a firm is to maximize profit. In Chapter 11 you learn that firms can increase their profits in two ways: by adding value to a product so that customers are willing to pay more for it or by lowering the costs. Many firms add value to their products through product differentiation. A good example for this is the auto industry. Each car maker differentiates its cars to capture a certain segment in the market. BMW captures the high end market while Honda and Toyota target middle class. Firms also customize their products based on the tastes and preferences of the customers in different countries to increase the sales volume and revenues. For example, auto companies design different models for different countries: Large SUVs for the US market and compact cars for the Asian and European markets. They also find ways to minimize costs by sharing parts between different models and opening plants in low cost countries.
What other examples can you give for international firms' product differentiation and cost cutting strategies in different markets?
The text book is global Business Today' by Charles Hill,7th edition" or in "8th edition Global Business Today' by Charles Hill".
Moral hazard occurs when: Stephanie offers to pay Josh $1,000 a year from now if he will lend her money today. Assume that there is no inflation over this period. If Josh wants to earn 10% interest, the maximum amount he will lend Mary is:
Courts have almost always allowed companies to make employment decisions based on economics. For instance, even companies making money can lay off employees if it can be proven that the primary reason for so doing was economic (and as long as there i..
Which of the following signals to firm owners that scarce resources might be better allocated to a different industry?
A proposed project has indefinite life. The initial cost of the project is $70,000. There will be a onetime investment of $100,000 at the end of Year 6, and an operation cost of $10,000 per year from the end of Year 10 through infinity. If the intere..
The CPI for 2009 was 195 but i know that the imfataion rate couldn't habe been as high as95% in 2005". In your answer carefully explain what the value of CPI means.
When we think of entrepreneurship, we often think of small, start-up firms. Describe how a large corporation in an established industry can be "entrepreneurial" and discuss how Peng's entrepreneurial strategies apply in this situation.
Taking a code of ethics "off the wall and into the hall" can be a particular challenge for medium to large firms with a diverse array of employees.
Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his personal expenses. If Arapine is insolvent and unable to pay its debts, and the corporation’s creditors sue Brian personally..
Angola economists are working on the country's figues. Find the (a) GDP deflator (b) Nominal GDP (c) Real GDP (d) what is the growth for Angolan GDP for 2013? If the 2013 price is $10, quantities = 50 million; While the year 2000, which is the base y..
An article appears in the New York Times revealing scientific research that eating dark chocolate daily reduces your risk of a heart attack by 25%. In the short term, what will happen to the demand for dark chocolate?
If a product becomes more popular among buyers, then its supply will decrease and its price will rise as shoppers buy more of it from the sellers. If the government grants a subsidy to homebuilders, then the supply of lumber will increase because lum..
If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.
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