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?

4. Identify at least two ways culture can impact a Business. Be specific and PROVIDE EXAMPLES. Explain some of the challenges that could materialize (i.e. decision -making, negotiating, etc.) and generate some ideas on how you would help to resolve the problem in specific ways

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