QUESTION #5 - Value 10 points (1 pge)

Explain the concept of countertrade. When does countertrade make sense? How does countertrade help solve the no convertibility problem? Why do companies prefer not to use countertrade if it can be avoided?

QUESTION #6 - Value 10 points (1 pge)

Describe the concept of "core competence." What types of core competencies are the most valuable for penetrating foreign markets?

QUESTION #7 - Value 20 points (2 pges)

Identify what you think are the biggest challenges facing businesses that want to expand internationally or are being obligated by globalization to consider foreign markets. Identify at least 5 challenges, describe them, and provide an explanation of how you would manage or avoid those challenges. What skills, education and experience do you think are necessary to be successful in overcoming these or other challenges and being a successful global manager?