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Compose a 500 words essay on Global value chain and domestic value chain. Needs to be plagiarism free!The challenge of the diversity of preference among customers facing a manager in a domestic value
Compose a 500 words essay on Global value chain and domestic value chain. Needs to be plagiarism free!
The challenge of the diversity of preference among customers facing a manager in a domestic value chain is minimal compared to that of a global value chain). However, there is a high feasibility of competition by external investors. Thus, aspects such as pricing strategies are necessary. The most prevalent ways of resolving these issues including conducting a reconnaissance on the market before starting the operations. Alternatively, better marketing strategies ought to be instituted to facilitate successful decisions. The marketing and sales element of the global value chain starts by assessing and seeking authorization before starting to operate, especially in foreign countries. After production of the services, the value chain is conducted or manned considering the market status in particular nations in which it has invested. For instance, Coca-Cola Company operates and markets products in countries after complying with the market rules. Similarly, Toyota Company manages to invest in countries after it complies with the trade restrictions and regulations. Alternatively, the value chain the domestic value chain does not face a series of obstructions and necessities before and after instituting the services in the domestic market. For instance, Coca-Cola Company freely operates in the mother country and faces the challenge of market completion only. The same case applies to Toyota Company of Japan. Thus, the costs and revenue associated with these value chains also differ accordingly.
