Macro and Microeconomic Concepts in a Global Context

Macro and Microeconomic Concepts in a Global Context

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Part 1 (300 words)

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 (300 words)

  • 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?
Solution Preview
Businesses today have often been tempted to expand operations and join the international markets. This is mostly facilitated by the availability of internet services which exposes businesses to the international market just by owning a website (Mankiw, 2014). Expanding…………………………..
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