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

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WRITE 600-700 WORDS EXPLAINING THE FOLLOWING .. BE SURE TO ADD REFERENCES


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?