Reference no: EM133297129

Question 1:  In the LG-Philips alliance, what were the joint ventures they established and what was the purpose of each? What key events happened during these joint ventures and what was the outcome for each of them?

Question 2: The U.S. firm Gamma wants to internationalize its market to offer clothing products in the European Union countries; Gamma believes its stylish sportswear would be especially appealing to Western Europeans. It wants to learn about the various culture, what it should do and what it cannot do, and how to do business effectively over there. What entry-mode advice would you give the firm that it could realize its goal? Which entry modes should Gamma use and which ones should it avoid? Explain.

Question 3: If JLT is an Indonesian company that produces oil, and oil is sold on international markets in U.S. dollars, what will be the impact on JLT's profits if the Indonesian currency (the Rupiah) appreciates strongly against the U.S. dollar? Why? Explain.

Question 4: The Argentinian furniture company La Maceta was receiving wood from a company in Chile for its dining table production, but now has to buy its wood from a Brazilian company at a higher price because Argentina and Brazil are in the Mercosur trade agreement (which is a common market); how would you characterize this change? What is that arrangement called? Under what type of trade agreement could La Maceta still receive wood from Chile?