In: Economics
Question 1 (1page)
Government has its own reasons to justify their actions when
intervening in a free trade environment: protection of the national
economy, protection of an infant industry, national security and
national culture and identity.
Distinguish any THREE (3) justifications by the government by
providing your support or otherwise for each with relevant
examples.
Question 2 (1page)
The competitive pressure in global marketplace forms two important
dimensions for internationalizing firms. Analyze any THREE (3)
strategies using the following two dimensions: pressure for global
integration and pressure for local responsiveness.
Question 3 (1page)
Industry market potential is an estimate of the likely sales for
all companies in a specific industry during a particular period.
Managers use various methods to estimate industry market potential.
There are at least six methods for a manager to gather the
information. Use THREE (3) methods that are used by these
international managers.