Question 5 Nadia is the owner of a sport export company in New Zealand that is continuing to grow. The primary product of her company is footballs, the company produces and exports to a distributor in United Kingdom. However, her recent joint venture with a British firm has also been successful. Under this arrangement, a British firm produces others sporting good for Nadia's firm; these goods are then delivered to that distributor. Nadia intentionally started her international business by exporting because it was easier and cheaper to export than to establish a place of business in United Kingdom. However, she is considering establish a firm in United Kingdom to produce the footballs there instead of in her garage (in New Zealand). This firm would also produce the other sporting goods that she now sells, so she would no longer have to rely on another British firm (through the joint venture) to produce those goods. a) Given the information provided here, what are the advantages to Nadia of establishing the firm in the United Kingdom? (9 marks) b) Given the specific information provided here, what are the disadvantages to Nadia of establishing the firm in the United Kingdom? (6 marks)