Effects of National Culture on the Marketing Strategies Dissertation

cause of National Culture on the Marketing Strategies - Dissertation ExampleThe paper tells that international business system begins with trade. Daniels and Radebaugh identified and comp atomic number 18d ten types of trading theories. The theories are mercantilism, neomercantilism, absolute advantage, country size, comparative advantage, factor-proportions, product lifecycle, country similarity, dependence, and strategical trade policy. In the factors-proportions theory, there are four defined factors related to each home country. The factors are land, labor, capital, and entrepreneurship. The land is the natural resources associated with the physical boundaries of the country that are used to produce things. Countries without a strong and equal land base are forced to engage in international trade in tell apart to obtain needed resources. Labor is the availability of unskilled and semiskilled workers within the country that can be mobilized for employment purposes. Capital i s the money, machinery, and infrastructure a country possesses. Countries immense in these areas are considered more unquestionable countries. Entrepreneurship is the creative management and ideas people use to solve problems and find new opportunities. The four factors explain the indispensable resources a country possesses that make it attractive for trade, and therefore, international business. The theory is that differences in a countrys proportionate holdings of factors of production explain differences in the costs of the factors and that export advantages lie in the production of goods that use the most abundant factors.