what are the changing factors that could influence business in the future?

Question

You are hired as a consultant! Your first assignment is to discuss which competitive advantage you believe the following scenarios fall into: absolute advantage, comparative advantage, or national competitive advantage. Your client also needs you to describe your rationale for your selections on each scenario.

a) A nation has companies with the capacity to make stereo equipment at a much lower price than other national producers because of lower cost labor. The stereo equipment is of the same quality as other international producers.

b) A country mines for a high-demand precious gem only found within that country’s borders and distributes the gems to jewelry dealers all over the world.

c) An overseas country passes laws to protect certain business practices that other countries may find unsuitable and perhaps unethical. The protection of these business practices are not seen as abusive or exploitive within the overseas country and are also consistent with national social standards.

Answer 1

Just start your business in China, India .....

Answer 2

A) National Competitive advantage: you can produce the same thing cheaper... you have the advantage.
B) Absolute advantage: your the only one who produces the gems...hence absolute advantage. An example would be the huuuuge Diamond mines in Africa.
C) Comparative advantage: Your countries practices allow you produce items at an advantage because other countries think these practices are unethical. Look at the sweat shops in mexico.

Answer 3

nicely. permit's see. all the roles are shifting to India and China, those that have not already it is. So hard artwork will grow to be greater fee-effective and greater fee-effective. the government right here in the united stateshas piled up plenty debt that their only wish is for hyperinflaction so they are in a position to pay it returned 10 cents on the dollar. so they're going to be printing money like mad. because China has adequate dollar to purchase the U S, they in all likelihood will while the government starts off to inflate the dollar, so perplexing materials will grow to be very effective exceedingly oil wells. China already tried to purchase one oil corporation. because power will grow to be further and further effective and expensive, outlying suburbs and intensely great residences will valueless, so banks preserving the mortgages on them will face monetary subject. that could carry approximately a give way in the monetary equipment and great corporation mess ups. How is that for a cheery outlook?

Answer 4

Damn it, man. You know, I'm actually qualified to answer your question. And I could write a whole 20-page report on this. But I won't.


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