1. Discuss why some companies should pursue global production and other companie

Question

1.     Discuss why some companies should pursue global production and other companies should not.

2.    Do you think that supply-chain management and ERP Systems have helped both businesses and consumers? Why or why not?

3.     How should a business organization choose a location for its production facilities?

4.    What are the three major markets that exist in all foreign markets?

5.    How can use of the product life cycle assist international marketers?

6.    What are the advantages of using trade shows to promote products in international markets?

Explanation / Answer

Hi - We can only answer first four parts of the question, please post remaining questions separately to help us answer them. Thanks

1.     Discuss why some companies should pursue global production and other companies should not.

Companies should decide on their production strategies based on the nature of products/industry they are in and which markets are they serving.

For example, a company engaged in consumer goods such as daily use might pursue a global production closer to markets they serve and may follow a low-cost model in countries like China, etc. This is required to leverage economies of scale and keep the prices down as consumer goods market is highly competitive and price conscious.

For companies catering to the premium end of the market, they might not follow global production strategy as the economies of scale are not required and these high-end customers may not want to compromise on quality and a cheap product price.

So, the production strategies must depend on the company to company.

2.    Do you think that supply-chain management and ERP Systems have helped both businesses and consumers? Why or why not?

The merging of supply chain management and ERP systems have helped majorly both businesses and consumers. The benefits are as following:

3.     How should a business organization choose a location for its production facilities?

The business organization must check the following variables for its production facilities:

4.    What are the three major markets that exist in all foreign markets?

The three major markets that exist in all foreign markets are as follows:

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