Analyze for the presence of an absolute or comparative advantage that might be related to a...

 

Transcribed Image Text:

Analyze for the presence of an absolute or comparative advantage that might be related to a business opportunity the country where the item will be produced or sold. Describe how this analysis might influence the success of you proposed business idea. (For example, the availability of natural resources can make a business opportunity cost- efficient.) Compare two or more proposed business opportunities based on factors such as foreign market potential, start-up costs, and foreign business risks. (For example, a proposal to construct new highways may be appropriate for a developing economy. However, the risks in this market are probably greater than in an industrialized nation.) Analyze for the presence of an absolute or comparative advantage that might be related to a business opportunity the country where the item will be produced or sold. Describe how this analysis might influence the success of you proposed business idea. (For example, the availability of natural resources can make a business opportunity cost- efficient.) Compare two or more proposed business opportunities based on factors such as foreign market potential, start-up costs, and foreign business risks. (For example, a proposal to construct new highways may be appropriate for a developing economy. However, the risks in this market are probably greater than in an industrialized nation.)

Answer rating: 100% (QA)

Absolute advantage refers to a countrys ability to produce a certain good or service more efficientl... View the full answer