Explain Why a Company Desirous of Competing in Foreign Markets

question 61

Essay

Explain why a company desirous of competing in foreign markets needs to pay careful attention to where it locates it value chain activities.

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Definitions:

Slope

In mathematics, the slope describes the steepness, incline, or grade of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.

Intercept

The point on a graph where a line or curve crosses an axis, often used to determine where a function or equation equals zero.

Least-Squares Regression

A statistical method to determine a line of best fit by minimizing the sum of squares of the distances of data points from the proposed line.

Sum Of Squares

A statistical measure that quantifies the variation or dispersion of a set of data points, by calculating the sum of the squared differences from the mean.