Do some independent research and discuss why UNIQLO has been able to emerge as a successful global firm. In particular, discuss: a. how it responded to changes in Japanese consumer preferences during the post- crash period?
b. how it utilised globalisation of production in response to the high exchange rate and high Japanese wages?
c. why it has been much more successful in Asia but not so successful so far in the West?
d. what can it do to maintain profits if Chinese wages increase substantially?

answer; refusing to share information without the client's permission

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the correct choice is a