1. Small companies typically have difficulty competing against large multinationals when their governments take part in regional trade blocs. What could governments do to help their small companies compete after the formation of such blocs?
2. Despite the difficulties, many technology companies experienced when the dot-com bubble burst - Internet commerce (e-business) is here to stay.
1) What resources does an International Internet retailer need other than merely a storefront on the Internet?
2) Does it require fewer physical, financial, and human resources than a traditional retailer, or just as many? Explain.
1) Governments could help in a few ways:
a) The government can make a promise not to buy any foreign products if the same product can be manufactured internally
b) Guarantee price subsidies to merchants to help them stay in business
c) Set up advertising campaigns to promote the need to buy local ...
This solution will look at how government can help small business compete.
As well, it will contrast e-business stores vs. traditional stores.