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Firms can grow profitably in the international arena by entering new markets where indigenous competitors have inadequate skills and products. Firms can also add value to products by realizing cost savings with new opportunities to do so when operations are global and extensive Manager need to understand the complex relationship between profitability and profit growth when making strategic decisions, especially about pricing Expanding globaly allows firms to increase their profitability and rate of proft growth at a pace not available to enterprises that operate only domestically. These opportunities come from expending markets, resting cost savings though dispersing production and reducing the cost of value creation and realizing skills that developin subsidiaries. The ability of a firm to realize these profits is constrained by the need to customize its products and marketing and business strategies Select the correct category of expansion profitability or growth for the ideas and actions listed below 1. Economies of scale come from spreading feed costs over large volumes, servicing are markets, and working wengiobal sources or supoly I (Click to select) 2 Core competencies enable a firm to reduce the conts of value creation andior to create perceived value in such a way that premium pricing is possible CHOK to select 3 Managers must have a way to idently new and good ideas and sals and provide incentives to share and experiment win these Click to e 4. Managers must assess transportation costs, trade barriers and political and economic is to determine the best location for each value creation activity fel to set 5. Over time, labor learns the most efficient way to perform particulars by repetition Click to select 6. The way to recoup development costs and achieve leverage with supplies to expand into global markets, as domestic markets may not produce sufficient volumes (Click to selech Ideas 2. Core competencies enable a firm to reduce the costs of value creation and/or to create perceived value in such a way that premium pricing is possible (Click to select) 3. Managers must have a way to identify new and good ideas and skills and provide incentives to share and experiment with these Ideas lokto sa 4. Managers must assess transportation costs, trade barriers and political and economic risks to determine the best location for each value creation activity (Click to select) 5. Over time, labor learns the most efficient way to perform particular tasks by repetition Click to 6. The way to recoup development costs and achieve leverage with suppliers is to expand into global markets, as domestic markets may not produce sufficient volumes Cotos 7. Mature multinational enterprises have been success, but to lower costs of production and enhance perceived value may come from other locations fick to select 8. The firm wa benefit by being each value creation ceva petorms at the location where economic political and cultural conditions are most conducive Ook to 9. When a task is complex and involves more steps, there is more that can be med, and each time astep's performed more efficiently costs will be decreased Cioto se 10. The skills may exist in developing producing, and more goods and Services beyond the original goods and services. It con also mean extending the business model Fumpachy Location comes Credit
