Question

Imagine that you and several of your classmates own a compagne thamanufactures cheap sunglasses. To lower production costs, you choose to move your factory from your developed country to a more cost-effective nation.

Question

1.what elements of the national business environment might influence your decisions where to move production? Are there obstacles to overcome in the international business environment ?

2. What aspect of the globalization of production and marketing will you expect will benefit your company after the move?

Answer 1

The elements like:-

1) similarity in culture

2) availability of labour

3) availability of raw material.

4) government policy regarding foreign investment.

One of the major issues would be to overcome the cultural barrier.

2. The factors such as,

1) cheap currency

2) cheap labours

3) abundance of resources

Will help my company.