You are the owner of a firm dedicated to the production of luxury shoes and you receive an invitation from the country "Y" to establish your firm in that country. In the meetings agreed with the Government, it is found that they will issue a law, by which they grant them the absolute rights to produce this type of shoes, as long as 30% of the firm's employees are from the country. In addition, you receive a preferential rate of 10% on contributions. The Gross Domestic Product (GDP) has had a constant growth of 4.5% and the inflation rate has been without significant growth during the last five years. Use the following questions: 1. What kind of market is your firm in? 2. Describe a feature that identifies it in the Market. 3. Briefly describe the managerial action you would take and why

Answer rating: 100% (QA)

1 Your firm operates in an oligopoly market Oligopoly refers to a market structure dominated by a small number of firms each of which has significant ... View the full answer