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International business management Questions

by | Nov 30, 2023 | questions

there are five question in file and all details as well

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Assessment item 1
Report: Module 1: Topics 1-6
Value: 50%
Length: Approx 3,000 words (600 words on each question)
Topics 1 to 6 are covered in this assessment task.
Your assignments requires that you utilise at least six references in addition to your text, preferably including some journal articles. You may use no more than two URL Websites. (This does not refer to journal articles.)
Background:
The Magic Fuel Company (MFC) is an Australian public company specialising in the production of fuel additives and other fuel products.
Experimentation with fuel and the utilisation of  additives to make engines run more efficiently  has resulted in the production of a super concentrated fuel gel which has the potential to reduce all fuel to approximately 20% of current volume and increase the efficient burning of the concentrate by up to 200% of current refined fuel products.
This means that each litre of fuel is equivalent  to approx 200 ml of gel and fuel usage is reduced to half current usage. Using the fuel gel a car with a 60 litre tank using 10 litres per hundred kilometers of conventional fuel could carry the equivalent of 300 (5*60) litres and travel approximately 3000 kilometres per tank. The gel is the same weight as current fuel, is less volatile and has a longer shelf life.
MFC is aware of the potential of the new technology  te company  has developed to refine crude petroleum and the value of the special additives for the gelling process and reactivation of the gel within the engines of vehicles. The dilemna is how to take their  knowledge and the process to the world. (Australia currently imports refined fuel from Asia).
In this assignment you have to advise MFC how to internationalise this new and potentially huge business.Your task is to answer the following  questions in the context of this company
Question 1: (200 for each min)
Why would MFC choose to trade internationally? State your reasons clearly and concisely. 
Describe concisely the…

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