MGCR 382 Lecture Notes - Lecture 6: Problem Set, Philippine Standard Time, Ad Valorem Tax

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: Donald Melville

Document Summary

Companies facing import competition can: move abroad, seek other market niches, create greater efficiency or superior products, try to get governmental protections. It is not always possible, for example, to simply shift production to another location or find new suppliers. The development of an international strategy can help determine whether a company will benefit more from protectionist measures or from some other method of countering foreign competition. Tactics for dealing with import competition: convince decision makers of the merits of particular policies, involve the industry and stakeholders, prepare for changes in the competitive environment. Essentially, the wto is a place where member governments try to sort the trade problems they face with each other. Refer to a government levied tax on goods shipped internationally. Market for wheat, only two countries, home and foreign , both wheat products are interchangeable and no effects to exchange rate based on trade in this good.