CLOSING CASE: The Ecuadorian Rose Industry Case Study Summary The opening case describes Ecuador’s rose industry. In the last 20 years‚ Ecuador has built its rose industry from virtually nothing to a thriving industry generating $240 million in sales. Today‚ the industry employs tens of thousands of people at higher wages than the average Ecuadorian receives. Yet‚ there are concerns that in the quest for perfect flowers‚ the use of toxic chemicals such as pesticides may be hurting not only the
Premium Ecuador United States Andes
comparative advantage in the production of roses is essentially their fertile lands where they cultivate their high-quality roses. The right amount of sunlight‚ fertile soil‚ location and altitude makes these roses flourish all year round. It makes them very distinct and superior to other roses grown elsewhere‚ that is why most buyers especially from the United States and Europe are willing to pay extra for these kinds of roses. 2. The importation of these roses primarily benefits Ecuador because
Premium United States International trade Sovereign state
Case: Ecuadorean Valentine Roses Question 4: Do you think governments in the developed world should place trade sanctions on Ecuador roses if reports of health issues among Ecuadorean rose workers are verified? What else might they do to improve the situation in Ecuador? Answer: Government of Ecuador should take all necessary steps for the development of Rose industry because it becomes growing and profitable industry. Ecuador’s Rose industry helps to created lots of development in that
Premium Developed country Spain Human Development Index
The Ecuadorian Rose Industry 1. What is the basis of Ecuador’s comparative advantage in the production of roses? Ecuador’s rose farms are located in the just about perfect position for growing long and straight roses or at least most of the farms. They are positioned at about 10‚000 feet elevation in the Andes Mountains. This provides the roses with high altitude‚ volcanic soil that is very rich in ingredients‚ and located on the equator. This gives the roses about 12 hours of daylight every
Premium International trade United States United Kingdom
CLOSING CASE FOR CHAPTER 4 WAL-MART’S CHINESE SUPPLIERS Wal-Mart is the world’s largest retailer. It built to dominance on the mantra of “everyday low prices”. The low price has required Wal-Mart to source many of the goods it sells from factories that operate at the low cost. Wal-Mart has an ethical supplier’s code of conduct. Amongst other things in the code of conduct are: 1. The supplier do not employ under wage labour 2. They must pay the labour at least the legal minimum wage for
Premium Employment Ethics Minimum wage
1) Why has the United States brewing industry become more concentrated over the last two decades? I think that there is a couple of reason for this trend in the United States. One thing is that the consumption of beer has been slowly declining‚ in order to raise in market share‚ companies are having to think of ways to take customers away from other companies. This would lead to the rise in market share for some companies and the decrease or closer of over companies. Another risen is advertisement
Premium Marketing Mattel Barriers to entry
Closing case 1. What was the planned strategy at Daimler-Benz for Chrysler in 1998? Emphasize bold design‚ better product quality‚ and higher productivity by sharing designs and parts between the two companies. 2. In retrospect‚ Daimler-Benz’s Plans for Chrysler seem overly optimistic. What decision-making errors might Daimler-Benz have made in its evaluation of Chrysler? How might those errors have been avoided? The company’s core offered pickup trucks‚ SUVs and minivans that provided products
Premium Chrysler Marketing Strategy
Jennifer Arias Bus 131 Mr. Kuritzky Chapter 8: Foreign Direct Investment Closing Case Case Discussion Questions: 1. Why‚ historically‚ has the level of FDI in Japan been so low? The relatively low FDI stock in Japan is partly the result of a history of official inhibitions on FDI. In some industries‚ inward FDI penetration‚ as measured by the share of employment accounted for by foreign affiliates‚ in Japan in fact is on par with the United States. However‚ a large number of "sanctuaries" with almost
Premium Investment Foreign direct investment Economy of Japan
Closing case 7.2 1. Discuss McAfee’s handling of the update disaster. Should McAfee have done anything differently? If so‚ what? Support you answer. a. I think McAfee handled the situation very well but more could have been done to resolve the problem. It was a smart move for her to add postings about the updated disaster on the web and under the frequently asked questions section. Two days is a quick recovery time and big businesses were able to get back on track quickly. As for the
Premium Management Question Running
The advantages that allow Ecuador to produce great and abundant roses are mainly made up of the agricultural/climate condition‚ along with location and workforce. Since the town of Cayambe is located 10‚000 feet up near the mountain the high-altitude makes for ideal growing conditions. \along with the combination of sun-light‚ fertile volcanic soil‚ equatorial location allows for the roses to be grown all year round. This allows for a great advantage over a lot of competition‚ because production
Premium International trade Ecuador Export