MGM102H5 Lecture Notes - Lecture 5: Ikea, Intellectual Capital, Sweatshop
Document Summary
May expand because we exhaust domestic market. May also expand because our products/services have greater appeal/value to international consumers. Consider the case of dropping oil prices: cost of producing oil in canada much more than those in the middle. The world has gone global canada now has to catch up: we will have other markets to work with to offset the cons, ex. Finding international markets to purchase our oil instead of the. Usa: easier to do in the short run than the long run, it doesn"t make sense to abandon usa economy completely because of the strength and size of the usa market. The growth of the chinese economy is such that an increase of 1/10 of a percentage point in imports to china is worth an estimated billion to. Ali baba online market place gives us a chance to promote our products and services and to sell online; ali baba takes care of.
