In selecting a foreign market a screening process is used by a firm

Question: #367

III. (16pts)
In selecting a foreign market, a screening process is used by a firm. In regard to this process, answer the following:

a) The importance of the priority order of the steps in the screening process.

b) The reasons for participating in either a trade show or in a trade mission.(Select one)

c) The reasons for using cluster analysis in assessing global markets.

d) The importance of regional or ethnic subcultures in evaluating competitive forces.

IV. (20pts)
Select any four of the following, explain each of them, and discuss the role each of them plays in international business activities:

a) Foreign (Free) Trade Zones

b) Countertrade

c) Explain why a manager with a global assignment needs a mentor in the host country and a mentor in the home country.

d) Quality and quantity of the labor force in a country

e) Labor Mobility and Guest Workers

V. (6pts)
Discuss how your perception of global business activity has been affected by this course and two concepts or ideas (NOT types of assignments) discussed in this course that contributed to these affects on your perception.

Solution: #384

In selecting a foreign market a screening process is used by a firm

geographical areas of the countries where commercial merchandising activities take place. In this, both domestic and foreign receives the same customs treatment in every circumstance. Further, the foreign-trade zones can also be considered as isolated, and enclosed, as well as policed areas that basically operated as a public utility in order to furnish various facilities of the merchandising processes, such as loading, and unloading, as well as handling processes of the products.
Now, the role of Foreign (Free) Trade Zones in the international business activities can be seen as storing, and manipulating, as well as manufacturing and exhibiting goods in order...