Essay Available:
Pages:
1 page/β275 words
Sources:
No Sources
Style:
Other
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
Theories and Government Intervention in International Business
Essay Instructions:
Read Chapter 6, Chapter 7 and Chapter 8 PowerPoint and post a reflection of what you have learned.
Essay Sample Content Preview:
Name
Professor
Course
Date
Module 3: Reflective Summary
Chapters 6, 7 and 8 contain great lessons on international business. In chapter 6, I learned about theories of international trade, including those in nation-level and firm-level explanations. One theory that I found outstanding is the comparative advantage principle. In this theory, I learned that countries have to compare their abilities in producing various goods and then agree to focus on one product leaving the production of another product to another country. For example, Japan is good at producing cars, while Saudi Arabia has the advantage of producing petroleum products. These two products are interdependent, and the two countries need them. This way, the two countries can export the products they specialize in, allowing each country to benefit from international business.
Chapter 7 explored political and legal systems i...
Professor
Course
Date
Module 3: Reflective Summary
Chapters 6, 7 and 8 contain great lessons on international business. In chapter 6, I learned about theories of international trade, including those in nation-level and firm-level explanations. One theory that I found outstanding is the comparative advantage principle. In this theory, I learned that countries have to compare their abilities in producing various goods and then agree to focus on one product leaving the production of another product to another country. For example, Japan is good at producing cars, while Saudi Arabia has the advantage of producing petroleum products. These two products are interdependent, and the two countries need them. This way, the two countries can export the products they specialize in, allowing each country to benefit from international business.
Chapter 7 explored political and legal systems i...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
π Other Visitors are Viewing These Other Essay Samples:
- Food Retailing's Operations Strategy4 pages/β1100 words | Other | Business & Marketing | Essay |
- Social Reponsibility Porject: Global goal: Zero Hunger2 pages/β550 words | Other | Business & Marketing | Essay |
- Marketing Assignment About Why We Should All Be Feminists1 page/β275 words | No Sources | Other | Business & Marketing | Essay |
- Market Research on Depression and Mental Health2 pages/β550 words | Other | Business & Marketing | Essay |
- HR Management Overview. Roles of Human Resource Management6 pages/β1650 words | Other | Business & Marketing | Essay |
- Critique of Argument1 page/β275 words | No Sources | Other | Business & Marketing | Essay |
- The Critical Aspects of Non-Verbal Communication1 page/β275 words | 2 Sources | Other | Business & Marketing | Essay |