Global economics WGU Matching
| pre-emption of scarce resources |
| natural resource making location specific advantages |
| possession of natural resources & related transport & communication infrastructure |
| proprietary technological examples |
| Apples IPOD, IPAD, IPHONE |
| first mover advantage definition |
| benefits that occur to firms that enter the market first and that later entrants do not enjoy |
| market seeking location specific advantages |
| abundance of strong market demand and customers willing to pay |
| late mover advantage definition |
| benefits that accrue to firms that enter the market later and that early entrants do not enjoy |
| method used to enter a foreign market |
| inherent disadvantage foreign firms experience in host countries because of their innovative status |
| AVOIDANCE OF CLASH WITH DOMINANT firms at home |
| relationships with key stakeholders such as governments |
| Citigroup, JP Morgan Chase and metallurgical corp of China enter Afghanistan |
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