INTRODUCTION TO BUSINESS. CHAPTER 4 Assessing Global Conditions. How International Business Can Enhance Performance. Attract Foreign Demand Capitalize on Technology Use Inexpensive Resources Diversify Internationally Combination of Motives.
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Assessing Global Conditions
The economy of China has grown substantially because of its ability to produce products at very low cost. Many firms in the United States and other countries have their products produced in China.How International Business Can Enhance Performance
Trend of U.S. Exports and Imports ability to produce products at very low cost. Many firms in the United States and other countries have their products produced in China.How to Conduct International Business
U.S. firms commonly engage in strategic alliances with manufacturers where labor costs are very low, such as Africa and Asia.How to Conduct International Business
The euro is the currency used by many European countries today. Its value against the U.S. dollar changes over time. As the value changes, it affects the amount of dollars needed to purchase European products (denominated in euros) and the amount of euros needed to purchase U.S. products (denominated in dollars).How Foreign Characteristics Influence International Business