Business in the Global Environment
REQUIRED REFERENCE: (e.g., and Intelligence Agency, World Factbook, Central Intelligence Agency website, ; https://globaledge.msu.edu/. 1. Write a recommendation on doing business with S. Korea for fake company The Shoe Flyy Trap in terms of importing/exporting shoe products from the country and manufacturing based on personal/company designs. Address each of the different areas listed below (3-4 sentences each) by what youve read about S. Korea and doing business there: a) Absolute Advantage b) Comparative Advantage c) Importing and Exporting d) Contract Manufacturing and Outsourcing e) Time and Sociability f) High- and Low-Context Cultures 2. How would you approach expansion of this industry into your chosen country? Which factors do you think are most important to success?