Why Is a Country's Infrastructure an Important Consideration to Global

question 84

Essay

Why is a country's infrastructure an important consideration to global marketers?

Acknowledge the importance of designing supply chains for flexibility to handle fluctuations.

Identify how allocation of supply sources and markets to facilities affects performance.

Understand the trade-offs between fixed costs, transportation costs, and the number of facilities.

Recognize the role of tariffs in decisions about production location and capacity allocation.

---

Definitions:

Weather Patterns

The typical sequences or variations in meteorological conditions in a specific area over periods, which can impact various sectors including agriculture and energy.

Farming

Farming is the practice of cultivating crops and raising livestock for food, fiber, and other products essential to human survival and economic activities.

Aggregate Demand

The complete need for products and services in a specific market area.

Aggregate-Demand Curve

An illustrative chart that demonstrates how the general price level within the economy correlates with the total demand for goods and services at that level.