Question: 0 1 . Describe each below in at least one paragraph ( yet no more than a page length @ 1 . 5 line spacing

01. Describe each below in at least one paragraph (yet no more than a page length
@1.5 line spacing min. 10 point font) :
a. What is meant by the Business Model Design Space?
b. What are examples of the (4) forces pressing into a Business from outside of the control of its BMC?
c. Explain why nations & companies participate in international trade & how they measure that trade?
d. Describe the concepts of Absolute versus Comparative Advantage?
e. Define importing versus exporting. What is the difference between the two $numbers called?
f. Explain how companies enter the international market through licensing agreements or franchises.
g. Explain how cultural differences between countries create challenges to successful business?
h. Discuss the various initiatives designed to reduce international trade barriers & promote free trade.
i. What does having a Blue Ocean Strategy mean?
j. Describe how companies reduce costs through contract manufacturing & outsourcing.
k. What (3) major ideas did Dr W Edwards Deming bring to the World?
l. What is a Value-Chain? How does it relate to a business model canvas (BMC).
m. How do you know if your business SIPOC stages are in control or out of control?
n. What did Ishikawa introduce to Operations understanding?

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