-1 Global Expansion You're the manager of global...

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17-1 Global Expansion You're the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Asia. Your market research has identified three potential market opportunities: Philippines, Malaysia, and Singapore. If you enter the Philippines market, you have a 0.3 chance of big success (selling 1,000,000 units at a per-unit profit of $2), a 0.3 chance of moderate success (selling 320,000 units at a per-unit profit of $2), and a 0.4 chance of failure (selling nothing). If you enter the Malaysian market, you have a 0.3 chance of big success (selling 1,200,000 units at a per-unit profit of $2), a 0.5 chance of moderate success (selling 600,000 units at a per-unit profit of $2), and a 0.2 chance of failure (selling nothing). If you enter the Singapore market, you have a 0.7 chance of huge success (selling 700,000 units at a per-unit profit of $2), a 0.2 chance of moderate success (selling 400,000 units at a per-unit profit of $2), and a 0.1 chance of failure (selling nothing). If you can enter only one market, and the cost of entering the market (regardless of which

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