Question

Summarize the different levels of organization involvement in international trade

Answer 1

Answer:

Here are several organization involvements that exist in international trades but might not exist in domestic trade:

- Import/export

- Countertrade Agreement

- Foreign Direct investment

- Multinational marketing strategy

Explanation:

- Import/export

To put it simply, Import is the act of acquiring goods from another country to your country. Export is the act of sending goods from your country to another country,

- Countertrade Agreement

This consist of tradge agreements that created by the government between different countries.

Most countries will impose tariff or quota to the foreign goods that come into their country. This will increase the price of the foreign goods when they entered the local markets. Tariff and quota are made to protect local businesses from foreign businesses.

- Global outsourcing

This happens when a company give their job to the people from another country.

Most commonly, this is conducted by companies from a richer countries. Outsourcing their jobs to a poorer country tend to cut down the labor cost. They can send  the product output back to their original country and sell it with higher price/.

- Multinational marketing strategy

This marketing strategy considers the different cultures / taste that exist in foreign market. They will cater their strategy to suit the taste of foreign customers and improve their brand favorability.