- List the characteristics of an ETC and an EMC, provide the advantages and disadvantages of each, and compare and contrast the two. Then tell me the characteristics of a firm which an ETC is the best option for market entry and why those characteristics line up with an ETC as a market entry strategy, and those of a firm for which an EMC is the best option for market entry and why those characteristics line up with an EMC as a market entry strategy.
- You are a company that makes chicken egg incubators located only in the U.S., considering exporting your product to the following 3 markets: Japan, India, and Luxemburg. List three favorable conditions for trade, and 3 unfavorable for each market for this product, based on your understanding of each market. Taking not only these conditions into account and assuming free trade between all markets, pick one market to export to. Tell me why you choose this market and also discuss risks associated for your chosen market.
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