Dissection About Marketing

Dissection about Marketing

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What characteristics do industrial clusters have that other cities do not have? Can you think of other industry groups in the United States or abroad?

An industry cluster involves a group of companies that maintains its competitive advantage in their production by capitalizing on the availability of skilled employees and constant innovation through the use of modern technology.

In pure agglomeration model in the industrial cluster, firms will have the inter-firm relations. Stiff market competition observed since there is no market power in the industry. It leads to a continuous shift in relations between organizations and customers with the aim increasing the market share. Also, rental payments and its constant appreciation observed in various cities (Bergsman, Greenston 1972).

However, long-term stability in relation and a more predictable relationship among firms especially in steel and chemical organizations in a trait industrial complex. In the industrial complex, the company engages in long-term investments in physical capital and real estates in the locals thus, exists and entrance is highly restricted by the costs involved. Apparently, rental appreciation is not applicable in this feature as the firm owns the land (Weber, 1909).

Lastly, in the social network type of industrial cluster, the features are based on the hierarchies models (Williamson, 1975). The model argues that there should be mutual trust and honesty between the strategic decision-making agents in organizations. Also, the relationships among the firms observed in features such as joint ventures, joint lobbying, information alliances, and reciprocal arrangements regarding business relationships. History and experience in mutual trust between the decisions making agents will determine whether to enter into the industrial cluster. In this model, membership is partially open as the guarantee of access is independent on rental payments even though chances of entry are improved.

Industrial clusters in the US and abroad

The US government has since implemented the US and Mexican Software industries such as the Silicon Valley and Route 128. However, India and Ireland has seriously come to challenge the software by offering the offshore programming platforms. Besides, the Mexican software industry is an obstacle to the development of the US old software clusters. The US has survived because of the developed IT infrastructure and workers knowledge and skills, especially in Caribbean and Central America countries.  

The impact of international trade to life with the purchased products, recently acquired, how it has changed by the quality of life

 International trade has indeed had a significant influence in many people’s lives during the acquisition of different products.

International trade has led to the declining state of social cohesion and harmony in our societies. Also, the social values have abandoned due to rising quest of money. Prostitution and drug abuse, for instance, have since been the order of the day. As a youth, we tend to fall into the hands of drug traffickers who sell drugs to different countries hiding in the name of international trade and globalization.

However, the international trade has led to economic benefits in life. Due to economies of scale, innovations, and ocean trade, the imported goods has proved to be cheaper than the locally produced goods. The international trade also minimizes monopoly in the local industry by offering completion.

It is also a fact that international trade has led to environmental degradation negatively affected the livelihood of the local people. Although I have bought products from manufacturing companies, they have threatened my sustainability due to gasses and fumes emitted during the production process.

To conclude, international business has indeed increased my standard of living. The rapid growth of Imports and exports of trade goods and services has led to a significant improvement in Gross Domestic Products. When GDP increases, the rate of employment will also increase which is a big plus to many people’s lives. Availability of substitute products has also lowered the products.  

Realities, as well as the advantages and disadvantages of biofuel replacements for oil?  Is the corn ethanol push a scam? Why or why not? What about biodiesel?

Biofuel is a renewable energy produced by conversion of biomass into liquid fuels. Besides, biofuels directly produced through biological processes, for example, the agricultural and anaerobic digestion to produce ethanol, biogas, and biodiesel. On the other hand, oil is produced through geological processes to form petroleum and crude oil (McKendry, 2002). Concerns from people about the biofuels replacing oil have grown in the industries. The following are the cons and pros of biofuel replacements for oil.