Question
Final Assessment: In the first months of 2020, a pandemic overwhelmed the world. COVID-19, commonly known as the coronavirus, spread from China and created a
Final Assessment: In the first months of 2020, a pandemic overwhelmed the world. COVID-19, commonly known as the coronavirus, spread from China and created a severe public health emergency across countries. While an immediate fear of the disease's impact on human life permeated society, the world battled another concern for the severe economic downturn that was brought about by attempts to suppress the virus. World trade, tourism, capital flows, remittances, and commodity prices collapsed. Prior to the coronavirus outbreak, the global GDP growth rate for 2020 was expected to be close to 2.3%. As of April 2020, multilateral organizations estimated that GDP would contract by 3%-way worse than the 0.1% contraction of 2009, and the deepest dive since the Great Depression. Part One: In light of your understanding to International Business course, how is the Current pandemic COVID-19 will affect market entry methods. (10 marks) Part Two: (10 marks) a) In your opinion, what are the new opportunities and threats created by the COVID-19 pandemic in the international market. b) Be creative to provide imaginative ideas of new business opportunities to be applied immediately during current situation, whether it is an idea of a new business or an idea to solve problems for running business. Part Three: How would companies benefit from the strategic alliance in our current global market situation? (10 marks) Part Four: From your point of view, which is better, Make or Buy Decisions, support your answer with examples. (10 marks) Part Five: Imagine that you are meeting with your superiors to discuss entering a foreign market. Your boss has asked you to analyze a joint venture prospect. Why might you tell your boss that the joint venture is not a good idea? (10 marks) Part Six: Explain how the concept of production efficiency has changed with the rise of flexible manufacturing technologies & How do flexible machine cells work? What is the advantage of incorporating this type of technology into a strategy? (10 marks) (Please write your references in each
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