Reference no: EM133935850
Questions
1. Speciality Microchips, Inc is a company specializing in high-tech avionics components, used both in civil aviation and for military purposes. Which aspect of international trade requirements will Speciality Microchips need to consider to ensure its ability to legally fulfill customer orders?
- The Hague/Visby Rules
- The Wassenaar Arrangement
- Sanitary and phytosanitary regulations
- Customs tariffs
2. WI is a Canadian-based exporter of complex components for military equipment. It uses a vast network of international distributors for its international sales, relying on them completely for in-market activities, including after-sales support. After a series of high profile defence procurement scandals in several countries, involving allegations of corruption and bribery. WI senior management wants to review its international business activities. What should WI do in order to grow and expand its business?
- Stop doing business in those countries where the incidents happened
- Verify that all distributors abide by local in-market laws and customs regarding business dealings
- Ensure that distribution abide by local in-market as well as Canadian laws
- Establish a performance-based bonus for all distributors who secure new contracts.
3. If market wages are low in the target market for export goods, what is one strategy that can be used to overcome this market entry barrier?
- Invest in production in Greenfield facilities
- Reposition the product or service as a luxury item
- Enter the target market for a short-term venture only
- Partner with an organization in the target market
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