Question: Please answer all questions below. 1. What is supply chain management? How does better supply chain management help the firm to improve competitiveness? Please explain

Please answer all questions below.

1. What is supply chain management? How does better supply chain management help the firm to improve competitiveness? Please explain tools for effective supply chain management that international business people use?

2. If you start your own business (I hope you do it some time) would you chose to do international trade? Why and why not? Please explain?

3. What are the advanced production techniques used by international business people in the international business environment? Please give a real life example for each technique?

4. How do the firms price their exports? If the firm is exporting luxury goods, for example, which method is more advisable? Why? Please explain.?

5. What are the differences between licensing and franchising? Please explain in detail and give 2 real life examples for each?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Gardial Fisheries is considering two mutually exclusive investments. The projects' expected net cash flows are as follows: a. If each project's cost of capital is 12%, which project should be...

In 500 words, please answer the following questions. 1. Explain why supply chain management operations need to be integrated into the product development life cycle? 2. Discuss the risks associated...

What is supply chain management? How does better supply chain management help the firm to improve competitiveness? Please explain tools for effective supply chain management that international...

Please answer all question. These questions are for Supply Chain Management Course 1. Explain why and how customers drive the development of supply chain management. 2. Why do we say the supply chain...

Answer the following questions according to the case (Supply Chain Management in STARBUCKS and its Impact on Company Performance) provided below the asked questions: What are the main issues that...

1.- MyLab MIS Supply chain management is less about managing the physical movement of goods and more about managing information. Discuss the implications of this statement. 2.-MyLab MIS If a company...

only answer question 3 Case Study Amazon Revolutionizes Supply Chain Management Beginning from a small start-up company in 1995, Amazon has revolutionized supply chain management. It dominates Page...

Case Study- Global Supply Chain Management and Planning Plexet is a mid-sized manufacturing firm located in Auckland, New Zealand. The company produces a range of plastic containers that includes...

QUESTION 1 (50/100) Case study Please read the following case study and answer the questions that follow : The Great Supply Chain Disruption continues in 2023. Unprecedented disruptions and...

Case Study- Global Supply Chain Management and Planning Plexet is a mid-sized manufacturing firm located in Auckland, New Zealand. The company produces a range of plastic containers that includes...

Which businesses need to write business plans? Multiple Cholce Only businesses that hire employees need to create a business plan. Only subsets of the three major ownership forms need to write...

Refer to the information in Problem 3-5B. Assume that Foster uses the FIFO method to account for its process costing system. The following additional information is available. Beginning goods in...

Matching revenues and expenses refers to: Mutiple Choice accurately reflecting the reuits of operasons for a fiscel period. recording revenues when the essending waranty period for the product sold...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...