1. What are the advantages Blades could gain from importing from and/ or exporting to a foreign country such as Thailand?

2. What are some of the disadvantages Blades could face as a result of foreign trade in the short run? In the long run?

3. Which theories of international business described in this chapter apply to Blades, Inc., in the short run? In the long run?

4. What long-range plans other than establishment of a subsidiary in Thailand are an option for Blades and may be more suitable for the company?