INTRODUCTİON TO BUSİNESS

In multinational competition, there are four issues that need to be considered:

The correct answer is D.

Fluctuating exchange rates affect exporters depending upon manufacturing country’s currency power in positive or negative ways. The correct answer is C.

A multinational corporation (MNC) is an organizational form, which has operations in more than two countries, and it consists of a central firm – usually in the home country- and branches or subsidiaries in foreign countries.

Some well-known multinational corporations have preferred to work with large, old, well-known, and powerful local partners in Turkey. Turkish companies’ interaction with foreign MNCs is not limitedwithestablishingpartnershipinthelocalmarket.TherearealsoTurkishMNCsthathaveinternational operations in several countries by establishing partnership with the local companies or MNCs. Carrefour is in the retail rector with partnership of Sabancı.

The following strategy options are frequently used to compete in foreign markets:

The correct answer is C.

Widespread and objective sets of ethical guidelines that exist across countries are called universalism. The correct answer is A.

Economies of scale is the cost advantage that arises with increased output of a product.16 Therefore an entrepreneur to be involved in such a project has to reach millions of production capacity per year to compete with the international automobile firms and has to find ways to market the new national car brand globally. This project requires huge investments and involves several risks for potential entrepreneurs. The case stated above is a typical example defining an important aspect of international competition. It is not possible to think about independent competition of firms in the global context. Firms have to find partners, collaborate, and cooperate with each other to compete with big players, which have dominated international markets. So, international competition refers to a complex network of multiple types of relations and interactions.

Economies of scale is the cost advantage that arises with increased output of a product.16 Therefore an entrepreneur to be involved in such a project has to reach millions of production capacity per year to compete with the international automobile firms and has to find ways to market the new national car brand globally. This project requires huge investments and involves several risks for potential entrepreneurs. The case stated above is a typical example defining an important aspect of international competition. It is not possible to think about independent competition of firms in the global context. Firms have to find partners, collaborate, and cooperate with each other to compete with big players, which have dominated international markets. So, international competition refers to a complex network of multiple types of relations and interactions.

When a government believes that free trade is not in the best interests of its national security, domestic industries, workforce, or consumers, it can intervene in a number of ways. Some of these methods are collectively known as protectionism because they seek to protect a specific industry or groups of workers. Taxes, surcharges, or duties arranged against imported goods are known as tariffs. Switzerland is the world's most competitive country according to the exchange rates.