Part 1:
You are a business owner firm that manufactures a specialized product in the United States. While developing a 5-year strategic growth plan, you have decided to investigate the benefits and disadvantages of expanding internationally. Research the issue, and discuss the following:
- How would international expansion affect your business?
- What are the risks, advantages, and disadvantages to your business of international expansion?
- Do you think it is worth it?
Part 2:
- If you were the owner of an automobile company and decided to market internationally, would you face imperfect, monopolistic, oligopolistic, or perfect competition? Please justify your answer.
- What sort of circumstances would you have to be aware of, and why?
- What if you were a major retailer in the United States?