1. Nokia started out as a company only doing business in Finland. Over time it decided to expand its business operations outside of its borders. Explain why companies generally and Nokia specifically expand operations into foreign markets.

 

1. When companies produce and market their products and services in many different countries, they are subject to the impacts of changes in currency exchange rates. It  follows  then   that   shifting  exchange rates can have a big impact on domestic manufacturers' ability to compete with foreign rivals.  For what reasons would a U.S.-based manufacturer locked in a fierce competitive battle with low-cost foreign imports benefit from a weaker U.S. dollar?

1. There are many ways that a company can establish a new presence in a foreign market. List and explain in detail as many as you can think of.

1. What are the three main strategic approaches for a company to compete in foreign markets. Describe what each are. Based on discussions in class, which one of these three do you think each of McDonald's, Starbucks, and Nokia, separately, use. Please explain.