Global Business Plan.docx

Thus computers are in high demand in working

Info icon This preview shows pages 4–7. Sign up to view the full content.

View Full Document Right Arrow Icon
the office and can store a lot of information. Thus, computers are in high demand in working organizations and government office sectors (Cohen, 2013). This would mean that starting of DigiCom computers branch in Trinidad and Tobago would attract more customers creating a
Image of page 4

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
BUSINESS 5 market for the products. Based on technological transformation, people staying at home would buy computers to store their information. People strive to be digitalized, which creates a wider gap for customers who would be interested in buying computers from the United States. This would mean that there would be a high market after starting up the business in Trinidad and Tobago because of the transformation in technology. Absolute and Comparative Advantages The United States is able to make computers at relatively cheaper costs compared to Trinidad and Tobago. It means that the United States has got an absolute advantage in the production of computers compared to Trinidad and Tobago. This is due to the availability of resources necessary to make computer products and skilled technicians compared to Trinidad. This would mean that Trinidad would incur less money to import form United States compared to making computers form the manufacturing industries. This can be advantageous and the country is likely to make a profit if computer products from the United States are introduced in the market (Altbach & Davis, 2013). The citizens would also benefit from quality products rather than making computers of poor quality within the nation. The nation would benefit from the taxes when the citizens buy the product leading to increment in total revenue as well as the GDP of the whole nation. It would be more convenient to make the product available in time at the market and also avoid the delay in the domestic nation associated with lack of materials and machines to make computers faster. The nation would have more advantage upon the launching of the computers’ company forming a trade relationship with the United States. Comparative advantage means that a county can make a certain product more efficiently compared to other products. In this scenario, United States has a comparative advantage in the
Image of page 5
BUSINESS 6 production of computers keeping other products constant. The invention of computers in Trinidad would be a good idea since the production is efficient and effective. The customers would be happy to order products from the United Sates since there is no breakdown of the transaction process. There will also be an advantage of buying the product at the relatively lower price compared to buying locally made computers which might be relatively expensive due to higher production costs (Brereton, Robinson & Watts, 2017). There is also a belief electronics from the United States are of good quality compared to those made in China, which means Trinidad would have selected a promising trade mate offering durable computers. It would attract
Image of page 6

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern