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Essay's paper info
Topic: Business
Number of pages / Number of words: 3 / 780
Essay's paper body

Going into the international market can improve a return on heavy investment and reduce initial high operating cost. Countries should look for multiple benefits from importing, such as long lasting relationships, long-term investments and ideal local sourcing to further drive the cost down.

Four key points that were emphasized in the simulation

? Free Trade Area - between countries lower trade barriers increase the volume of trade, allow producers to explore different markets, allow consumers a better range of products, and open up new avenues for investment...


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Export quotas have similar parameters.

? Trade Restrictions - include tariffs and quotas, embargoes, voluntary restraint agreements, regulatory trade restrictions, and nationalistic appeals.

How can you apply what you learned from the simulation to your workplace?

In the last twenty years the global market had a dramatic paradigm shift...


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