Discussion - List and provide an example of the four environmental factors

Discussion Questions 12

1. List and provide an example of the four environmental factors that must be considered when designing a global supply chain.
2. Outsourcing strategies are often pursued with the primary objective to lower costs through cheap labor. Describe the challenges to this strategy and the reasons why it is not as successful as anticipated.
3. Come up with a new product idea. How might you modify this product to sell it to different global markets? How would you market this product globally?
4. You have $1500 U.S. to spend on a trip abroad. Explain the impact of currency fluctuations on your trip and what you can purchase if you choose to go to Asia versus Australia versus Europe versus Africa.