Question
You are an executive in a successful US domestic business that makes consumer products such as toothpaste, soap, shaving cream and deodorant.You are considering expanding
You are an executive in a successful US domestic business that makes consumer products such as toothpaste, soap, shaving cream and deodorant.You are considering expanding internationally by exporting your product to one or more countries in North America, Europe, or Asia.
Your market research has discovered that you are able to produce many of many of your products at a significantly lower cost (more efficiently) than your international competition. Using your understanding of trade theory, explain why it is a good or bad idea for you to proceed with exporting your products.
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