Describe the market conditions that influence a firm’s decision
1. Describe the market conditions that influence a firm’s decision to enter international markets.
2. Clarify what world commerce means. What’s the function of the WTO and financial communities in encouraging free commerce? What’s protectionism? Clarify import quotas, embargoes, and tariffs.
three. Clarify how GDP, the classes of financial improvement, and the enterprise cycle influence entrepreneurs’ choices in coming into international markets. What are the BRIC international locations? What’s the Group of Eight (G8)?
four. Clarify the varieties of competitors entrepreneurs face: discretionary earnings competitors, product competitors, and model competitors.
5. What are a monopoly, an oligopoly, monopolistic competitors, and pure competitors?
