Finance
1. What are the advantages Blades could gain from importing from and/or exporting to a foreign country such as Thailand?
ANSWER: The cost of rubber and plastics i.e. the basic inputs for Blades Inc. in Thailand is very cheap and by importing inputs from Thailand, Blades Inc. will get an opportunity to reduce its cost of production. The reduction in the cost of production will directly benefit the company in increasing its profits and the lower cost of production will also increase the competitiveness of Blades Inc. With the increased competitiveness, the company can beat its competitors. Not only ...