Blades Inc Thailand

1) What are the advantages Blades, Inc could gain from importing and/or exporting to a foreign country such as Thailand?

An advantage of importing from a foreign country is to meet demand for an imported product that consumers perceive is of superior value to comparable brands produced at home. Also, Blades can take advantage of the fact that some products can be produced more inexpensively elsewhere and therefore are cheaper when imported. Moreover, The mode of transportation for imported goods can involve lower costs than shipments within the US.

2) What are some of the disadvantages Blades could face as a result of foreign trade in the short run? In the long run?

Some of the disadvantages include: challenges of a long distance trade and as such it becomes difficult...