Problem 1. Using the factors that serve as the basis for success of an economic union (political, economic, social, and geographic), evaluate the potential success of the EU, NAFTA, and Mercosur.
Problem 2. Visit the Web sites of General Motors and Ford, both car manufacturers in the United States.
Search their sites and compare their international involvement.
How would you classify each - as exporter, international, or global companies?
Problem 3. "If the product sells in Dallas, it will sell in Tokyo or Berlin."... Comment on this statement!
Problem 4. What is the price-quality relationship? How does this relationship affect a U.S. firm's comparative position in world markets?