Question 2:
Introduction:
Local competition can be described as existence of local firms that sell the same services or goods to customers on a competitive level to gain customers and make a profit.
International competition can be described as the existence for global companies that serve customers over the whole world with the aim to satisfy customer needs and maximize profit. International competition has been increased by shipping channels, reducing of barriers and centralized financial authorities.
The South African firm I will be using for this assignment is Clover. This firm specializes in dairy products. Clover is a branded food and beverage group which has a strong emphasis on their value added products or goods. Clover only makes …show more content…
>With the erection of new businesses there can also open up businesses or firms that are also needed to support the new businesses. For instance, when a small town finally gets a bigger school, the population will get bigger and the need for other businesses will also awaken.
>The quality of the goods increases, because the business need to stay on top of it to keep …show more content…
David Ricardo also wrote a book, The Principles of Political Economy. These two men believed that there should be no government intervention. They believed that both of the two countries involved should benefit. The assumptions are that there are two countries involved, which sell 2 identical products and have the same resources. They believed in a Free trade.
Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition or any constraints like duties, tariffs and quotas. During free trade countries specializes in a product or a service.
Context:
> The gap between developed and developing countries are big, not even talking about the gap between them and the least developed countries. A completely unrestricted trading environment, the market Adam Smith is in favor of, will only benefit in the developed countries. This idea will not work, because only a few countries will gain out of it. For example Italy will gain and Bangladesh will
Introduction:
Local competition can be described as existence of local firms that sell the same services or goods to customers on a competitive level to gain customers and make a profit.
International competition can be described as the existence for global companies that serve customers over the whole world with the aim to satisfy customer needs and maximize profit. International competition has been increased by shipping channels, reducing of barriers and centralized financial authorities.
The South African firm I will be using for this assignment is Clover. This firm specializes in dairy products. Clover is a branded food and beverage group which has a strong emphasis on their value added products or goods. Clover only makes …show more content…
>With the erection of new businesses there can also open up businesses or firms that are also needed to support the new businesses. For instance, when a small town finally gets a bigger school, the population will get bigger and the need for other businesses will also awaken.
>The quality of the goods increases, because the business need to stay on top of it to keep …show more content…
David Ricardo also wrote a book, The Principles of Political Economy. These two men believed that there should be no government intervention. They believed that both of the two countries involved should benefit. The assumptions are that there are two countries involved, which sell 2 identical products and have the same resources. They believed in a Free trade.
Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition or any constraints like duties, tariffs and quotas. During free trade countries specializes in a product or a service.
Context:
> The gap between developed and developing countries are big, not even talking about the gap between them and the least developed countries. A completely unrestricted trading environment, the market Adam Smith is in favor of, will only benefit in the developed countries. This idea will not work, because only a few countries will gain out of it. For example Italy will gain and Bangladesh will