How would you take the first steps to develop small business

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Reference no: EM133298606

Question 1: Does Volkswagen use a global, national strategy in its international business processes? Please write a few sentences here describing their global systems. An example could be Ikea which uses a global standardization strategy.

Experience effects are essential in international business. Why are these experience effects significant?

Question 2: The experience curve - the systematic reductions in production costs that occur over a product's life; by moving down the experience curve, firms reduce the cost of creating value.

Learning effects - cost savings that come from learning by doing

Economies of scale - the reductions in unit cost achieved by producing a large volume of a product

Question 3: If you had a small business in the US and were planning to expand internationally, how would you take the first steps to develop?

Reference no: EM133298606

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