Unit 4 Discussion Question
Incorporate the concepts of game theory with international trade and tariffs.
Set up two payoff matrices.
Set up the first payoff matrix such that the outcome will be harmful to both countries.
Set up the second payoff matrix such that the outcome will be beneficial to the United States.
Evaluate the two matrices using current actions by each country to see which matrix is most likely correct.
Discuss with your classmates whether or not the ensuing trade war will produce successful outcomes.
Team member D should answer the following questions for PM-4:
Does your selected business have differentiated products or services (or cost-leadership)?
If differentiation, what is the basis for this differentiation from the competition?
If cost-leadership, identify which cost drivers it uses effectively to hold this position.
Each business strategy is context-dependent.
What do you see as positives and negatives with the selected business strategy of your firm in its competitive situation?
Position your firm on the Grand Strategy Matrix (p. 185 in the textbook). Explain your rationale for where you placed your company.
Describe what corporate level strategies your company has used.
Corporate level strategies include forward and backward vertical integration, horizontal integration, related and unrelated diversification.
highlight the part of the term paper I am responsible for on the attached PDF. Also, 3-4 of the references must be journaled articles.