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Q: 1. Using Porters four determinants of competitive advantage, describe how a business may use the trade theories to develop its business strategies. 2. Why is

1. Using Porter’s four determinants of competitive advantage, describe how a business may use the trade theories to develop its business strategies.

2. Why is it important to understand political and legal factors of countries that you want to deal with when trading Internationally?

3. What are three factors that impact a company’s decision to invest in a country? What is the difference between vertical and horizontal FDI? Give one example of an industry for each type. How can governments encourage or discourage FDI?

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Micheal Porter gave the Diamond theory of national advantage which states that featur... View full answer

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