Please answer in detail

Consider each of the scenarios below from the perspective of a manager.

Scenario Three Bilbo Company wants to expand operations into one foreign country. As the company manager, you have been directed to explore both the economic conditions and economic freedom conditions of four foreign countries, and then make a recommendation based on the data you obtain on the countries from the Index of Economic Freedom that can be accessed at https://www.heritage.org/index/ Do not use any other data source. The countries under consideration are the following: 1. Chile

2. Poland

3. Qatar

4. Philippines For each country above, make a small chart that reports the following statistics provided in the index: A. GDP, B. GDP Per Capita, C. Unemployment, D. Inflation, and E. Population. Then for each country above, make a small chart that reports the following economic freedom scores: A. Property Rights, B. Government Integrity, C. Business Freedom, D. Tax Burden, and E. Trade Freedom.

After you collect and report all of the required statistics and economic freedom scores for each country, recommend one country (only one) among the four that you believe would be the best one for Bilbo Company to expand into, and explain why. Be sure to base your recommendation on all of the data you collect for each country in order to make a more complete comparison, and don't base your recommendation on only one or a few of the statistics and/or scores.

Scenario Four

Macrohard Aluminum, Inc. wants to increase its overall size in the hopes of gaining greater market shares of the various products it sells. As manager, you have to analyze this plan by reviewing and then recommending specific ways that the expansion will be able to enjoy some economies of scale in order to justify the increase in the size of the company.

1. Describe in detail the meaning of economies of scale.
2. Identify 4 specific ways that the company might be able to achieve economies of scale from increasing its size, and describe each one separately.
3. Describe in detail the meaning of diseconomies of scale, and explain 2 specific ways how increasing the size of Macrohard Aluminum, Inc. could unintentionally result in some diseconomies of scale.