Amber is a strategist for a furniture manufacturer that has a large presence in the United States and Canada. By checking economic and political reports, she knows that trade and investment barriers are falling among wealthy nations. She also knows that the price of oil has dropped 50 percent in the previous two years. Based on this information, what action should Amber and her company take?

Question

Giselle Riggs

Business

17 April, 05:20

Amber is a strategist for a furniture manufacturer that has a large presence in the United States and Canada. By checking economic and political reports, she knows that trade and investment barriers are falling among wealthy nations. She also knows that the price of oil has dropped 50 percent in the previous two years. Based on this information, what action should Amber and her company take?

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Julio Zhang · Answer 1

Based on the scenario being described within the question it can be said that they should both seriously consider globalization because of the falling trade and investment barriers. This is mainly due to everything falling, if they decide to expand globally they can take advantage of these circumstances and fill the void that is currently being opened in these locations.