Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. 1) Describe the various forms of economic integration in Europe. What is Brexit, and what are the implications for Great Britain's relationship with Europe

image text in transcribedimage text in transcribed

1.

1) Describe the various forms of economic integration in Europe. What is Brexit,

and what are the implications for Great Britain's relationship with Europe in terms of global trade.

2) Explain, giving examples, as to why "jurisdiction" plays an important role in global marketing?

3a) U.S. President Donald Trump's "America First" agenda is one example of the way some nations are retreating into protectionism and isolation. Do you support Trump's protectionism? Why or why not?

b) Explain, with example(s), the benefits of competitive advantage and show how globalization presents companies with unprecedented opportunities.

4) Explain what are the distinguishing features between centrally planned socialism and centrally planned capitalism? Give examples of two or more countries which follow these systems.

5) A laptop manufactured in Canada and imported by Chile would not be subjected to duty. If the same laptop was manufactured in the United States and exported to Chile, it will have to pay duty. In order to avoid duty, can the manufacturer in the United States send the computer via Canada?

6) When a company invents a product or service, it should have a right to defend its creativity with intellectual patents. However, there are some countries like Italy and China where piracy and copyright violations are common. How can a corporation prevent this by having some built-in measures in products and services?

7) London's Sunday Times reported that Mecca-Cola has become the drink which has come to be seen as "politically preferable" to Pepsi or Coke in many Muslim countries. Also, Danish products were boycotted in many Islamic countries in protest of an offensive cartoon that was printed in newspapers. Considering these two examples, explain with your own examples to show how religion can have an impact on marketing.

8) There's a saying in the business world that "nothing fails like success". Take Gap, for example. How can a fashion retailer that was once the source for wardrobe staples such as chinos and white T-shirts suddenly lose its marketing edge? Motorola has also fallen victim to its own success. The company's Razr cell phone was a huge hit, but Motorola struggled to leverage that success. Google acquired Motorola Mobility but then sold it to Lenovo in 2014. Recently, Starbucks CEO Howard Shultz warned that his company and brand risk becoming commoditized. And, some industry observers are saying that Apple has "lost its cool". As an International Marketing student, if you were to make separate recommendations to management at each of these companies, what would you say?

2.

I've been given the following set-up:

Consider problem of abating global greenhouse gas emissions. Assume there are 10 countries indexed by i=1,2,...,10. Country i abates quantity qi tons. Marginal cost of abatement (MC) is $100/ton in each country. Meanwhile the marginal benefit of abatement (MB) for each country individually is 110-Q, where Q=q1+q2+...+q10.

-- When asked about the Pareto efficient level of global abatement I would have expected that the intersection of the MB and MC lines would involve setting the equations equal to each other ... but that isn't right. Even when setting up a chart on an x and y-axis, the marginal benefit line would start at (0,110) but then end ... at (100,0)? MC would start at (0,0) and then I don't even understand what the equation for the MC line would be. Help! Perhaps my greater confusion here is because the units on the MC 'curve' don't work ... $110 - Q, where Q is the number of tons abatedjQuery224037577422861246745_1622470805266

-- Then, if we suppose that each country chooses its abatement voluntarily, taking as given the choices of the other 9 countries, we're asked to derive country #1's optimal abatement q1 as a function of Qothers=Q-q1. I'm really at a loss here.

3.) In a Nash equilibrium (i.e. in which all countries are simultaneously optimizing, taking the other countries' choices as a given), what will be the total global abatement? I believe that this is determined through interpreting the MB and MC graph.

3.answer the following questions.

image text in transcribedimage text in transcribed
(1)(a) A company in a competitive market with a cost function C(q) = 100 + 10q- q^2 + (1/3) q^3 has learned that it will now have to face a specific tax of t = $10 (per unit). This specific tax means that for every unit of output the firm sells it has to pay a tax of t dollars. If the firm sells q units, it pays a total tax of qt. (i) What is the firm's cost function including the tax? (ii) What is this firm's short-run profit-maximizing output if the market price is p? (Hint: the solution has to be expressed as a function of p and has to be defined for values that make economic sense, e.g. only positive quantities.) (b) You are given the following information about a particular perfectly competitive industry with identical firms: Market demand: QP = 6500 - 100P Market supply: Q = 1200P Firm total cost function: C(q) = 722 + 9 200 (i) Find the equilibrium in this industry: market price, market quantity, output supplied by each firm, the profit earned by each firm, and the total number of firms. (ii) Would you expect to observe new firms entering this industry in the long run? In what direction would the market equilibrium price and quantity change? (iii) What is the lowest price at which an individual firm would choose to sell output in the long run? What is the firm's profit at this price? (Assume that the short and long run cost curves are the same) (iv) What is the lowest price at which a firm would sell output in the short run? Why? What is the firm's profit at this price?er/Downloads/Introductory%20Email%20Assignment%20.pdf Profile & Instructions: Assume you are a salesperson for a Hamilton-based company that designs and implements web sites for businesses. Assume that you have identified, researched and qualified a new prospect for your web site design services, and have learned the following about this prospective customer The prospect's company is named Lawn & Order Landscaping, and they provide residential and commercial outdoor landscaping services in Hamilton. Lawn and Order is a small but growing company and is owned and operated by David Lain. You have seen many of their crews working in the Hamilton area, which suggests the business is doing well, and you can see that their services are highly rated (5 stars) on customer review web sites. Lawn and Order currently has a web site, but it is just a single page and is poorly done. By contrast, they are running a radio ad that is professional and effective, as is the Lawn and Order company signage and sales literature that you have seen in the market. Lawn and Order recently won a Hamilton Spectator award as Top Landscaping Company in the Hamilton area, and has been recognized by Homestars.com (a home improvement services review web site), as a "Top Pick" in the landscaping category. The company you work for, Dynamic Web Creations, distinguishes itself by offering high quality web sites at affordable prices, and has successfully designed and launched over 20 web sites in the past 2 years. The company has several happy customers in the home services industry and specializes in designing mobile web sites. Dynamic Web Creations was recently ranked by Digital Business Magazine as the #1 web site design company in Ontario for Value and Design Capabilities. Your task: I Write an introductory Pre-Approach email to the owner of Lawn and Order Landscaping, David Lain. The goal of your email should be to introduce yourself and your company, generate interest, and secure a follow-up phone call. Be sure to follow the format and advice referenced in the 'Building Customer Relationships Chapter 7 slides and discussed in class

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Roger A. Arnold

11th edition

1133561675, 978-1133561675

More Books

Students also viewed these Economics questions

Question

Briefly describe how tags are used in mark-up languages.

Answered: 1 week ago

Question

2. It is the results achieved that are important.

Answered: 1 week ago