In: Economics
Assume you are a business owner of a growing company that sells
electronic goods, including calculators,...
Assume you are a business owner of a growing company that sells
electronic goods, including calculators, MP3 players, computers,
etc. You receive an email from a business contact in a country with
an emerging market, such as Jamaica. She indicates she may be
interested in a large purchase for a school in her country. Assume
you know and trust this person and that the business deal is
legitimate. However, doing business internationally, particularly
in an emerging market, comes with uncertainty. Review the course
materials you have studied and answer the
following:
- Describe the economic models relevant to all business deals and
how they would be applied in this situation.
- Describe the economic models relevant to global business deals,
in particular to emerging markets.
- How would you apply these models in this situation?
- How will you ensure that you will gain and maintain a
sustainable competitive advantage in this scenario?
- What are at least four different business models you might
consider, and how would you apply them in this situation? Which of
the three business model would you choose? Why?