Consider each of the scenarios below from the perspective of a manager
a. Discussion Questions: International Trade
i. Research the web to find a recent article that discusses a forecast about international trade. This article can be from a global trade organization , from a state’s commerce and trade website, or from business journals.
ii. What does the article forecast or predict about global trade as a whole, or trade between specific nations?
iii. What macroeconomic results could occur if the United States if this forecast is correct?
iv. What microeconomic results could occur for the United States is the forecast is correct?
v. Now would this forecast affect how U.S. business managers anticipate demand and supply, and how they anticipate pricing changes?
b. Discussion Questions: Expanding Your Business to Global Markets
i. Imagine that you have started your own manufacturing business and want to expand into a global market in order to achieve economies of scale. Choose an industry to use for this discussion.
ii. Identify the industry your company will be in
iii. Describe the macroeconomic indicators that you will look for in order to decide where to expand.
iv. Describe the microeconomic indicators that you will look for in order to decide where to expand.
v. What research/data would you need to determine how best to enter the foreign market?
vi. Now would you use that research/data to decide on timing, strategic partnerships, and financing?
