Ibus 370 exam - Study guides, Class notes & Summaries

Why Market Entry and Strategic Alliances? correct answers- The topic go together because: -- In many cases, market entry involves cooperation... as in the Kirin-Brooklyn Brewery deal Entry Strategy correct answers- Where? - When? - What Scale? - How (Model)? Entry Strategy: Where? correct answers- A firm involves in operations is a function of a number of factors already covered in these course - Firms make select locations to based upon opportunities to reduce costs: "internalizat...

Mercantilism (mid-16th century England) - ANSWER-It is in the best interests of a country to maintain a trade surplus, even if this means government intervention (maximize exports, minimize imports). (Sell more abroad and buy less) Absolute Advantage (Adam Smith 1776) - ANSWER-Countries should specialize in, or focus on, producing and exporting products which they have an absolute advantage in (they are more efficient at producing that product than any other country) Comparative Advantage ...