Answer the following question:
Question 1: What are the advantages Blades could gain from importing from and/ or exporting to a foreign country such as Thailand?
Question 2: What are some of the disadvantages Blades could face as a result of foreign trade in the short run? In the long run?
Question 3: Which theories of international business described in this chapter apply to Blades, Inc., in the short run? In the long run?
Question 4: What long-range plans other than establishment of a subsidiary in Thailand are an option for Blades and may be more suitable for the company?
Note: Explain all steps comprehensively.