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1. Chosen Object : Logitech Mouse

2i)Logitech is born in Switzerland and raised in Sillicon Valley (US).

2 ii) Products are made in China, the global manufacturing hub. This significantly drives down material and labour costs, which in turn increases the business's profit margin.

3. Expand business and communication network .

Leveraging on opportunities to lower business operative course through a wider network.

Expose to a specific demographics like gamers and also for businesses to use the IT peripherals

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International trade is important for various economies to leverage on another's resources. It is also the catalyst for diplomatic relations which enables relationship building between nations. A world that is trading actively ensures nations are working together to constantly optimise trade routes which benefit businesses

internationally due to more market options to choose from.

In the case of the suez canal, middle Eastern and European allies were actively involved in clearing the blockage.

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impact the trade business for Asia and Europe

Supply Chain Disruptions: The Suez Canal blockage highlighted vulnerabilities in global supply chains. Disruptions in key trade routes can lead to delays in product delivery, increased shipping costs, and shortages of goods. Companies may need to rethink their logistics strategies to mitigate such risks in the future.

Businesses incurred millions of loss for delay

Economic Consequences: The blockage led to billions of dollars in losses per day due to delayed shipments. This even resulted in price increases for consumers and financial strains on businesses reliant on timely deliveries.

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International Business is the buying, selling, and exchange of goods, services, and resources across different countries.

• Trade business will be affected

• Huge increase of losses which would increase the demands for the business/trades

• Trade depends on smooth global supply chains. Disruptions like the Suez Canal blockage, can cause delays and financial losses

• It helps countries grow by providing access to foreign markets and creating job opportunities

• Necessitates understanding of different markets

• Raises sustainability concerns

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Some countries may experience fluctuations in their foreign exchange rates in the midst of dealing business internationally.

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Suez canal is a significant route for energy, commodities and consumer goods and machinery components from and between Asia and/ to Middle east and Europe. that sees 12% of the global traffic.

it is also a regional and closest hub to ship oil or hydrocarbons globally.

The "Evergreen" blockage has stopped the global shipping clock for 48 hours, which effectively, Iman may be deprived of fuel for his car within the mentioned timeframe.

More disadvantage than advantages, supply chain is greatly impacted, driving up ad-hoc operating costs in the likes of additional material costs and labour hours for the business owners for last minute decision to ensure timely freight forwarding to the consumers.

As the primary maritime artery between continents, the blockage snowballed...

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Item: Coco Life Coconut Water

(i)Origin: Thai-SG Brand

(ii)Object made in Philippines

3. 1. Market Expansion: By entering international markets, businesses can reach a larger customer base beyond their domestic borders. This expanded market access can lead to increased sales and revenue, especially if the home market is saturated or experiencing slow growth.

2. Brand Recognition: An international presence can enhance a company’s brand visibility and reputation. Global brands often enjoy a perception of quality and prestige, which can help attract customers and talents across various markets.

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Wireless Mouse

(i) Origin of the brand - Microsoft

(ii) Where the object was made - Washington (America)

3 Reasons

1. Market Diversification

• reduce dependence on domestic sales and mitigate risks associated with economic downturns

2. Increased Revenue Potential

• businesses can access a larger pool of customers, leading to higher sales and revenue

3. Competitive Advantage

• allows businesses to leverage unique resources, innovations, and capabilities in different markets, helping them stay ahead of local competitors and adapt to global trends

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1. Charles and keith bag

2i. Singapore

2ii. china/vietnam/indonesia

1. larger customer base, driving sales and boosting overall revenue.

2. reducing dependency on a single market

3. brand recognition and credibility, allowing it to leverage resources, talent, and innovations from different markets to stay ahead of competitors.