Ghana & South Korea

• Bedrijfseconomie
• WO
• Studiejaar 2

Ghana & South Korea

Case quiz

Good luck 😜

What factors contribute to Ghana's comparative advantage in the cocoa industry?

1. Limited market access
2. High labor costs
3. Favorable climate and soil conditions
4. Decreasing cocoa quality

How can Ghana maintain its competitive edge in the cocoa market amidst supply shortages?

1. Focus solely on traditional export markets
2. Reduce cocoa production costs
3. Decrease quality standards
4. Promote sustainable farming practices

What challenges is South Korea facing in transitioning to a new economic model?

1. Declining fertility rate
2. Political unity
3. Lack of technological advancement
4. Abundant energy resources

How are South Korean companies diversifying their export markets?

1. By focusing solely on the Chinese market
2. Exploring new markets beyond China
3. Decreasing investment in Southeast Asia
4. By competing with the US businesses

What are the implications of South Korea's heavy investments in chip-making facilities?

1. Increased oversupply and profitability challenges
2. Decreased demand for AI-related hardware
3. Minimal impact on the country's chip industry
4. Enhanced technological edge and meeting rising demand

What strategies can Ghana implement to navigate the current challenges in the cocoa market?

1. Diversify export markets
2. Ignore collaboration with stakeholders
3. Reduce investment in sustainable farming practices
4. Decrease quality standards

How can South Korea secure its position as a key player in the evolving global economy?

1. By neglecting investments in advanced technologies
2. By fostering strategic partnerships
3. By decreasing focus on design and software
4. By decreasing focus on design and software d) By ignoring the semiconductor industry

What are the potential risks of Ghana's cocoa shortage on its export activities?

1. Reduced export revenues
2. Enhanced trade position
3. Minimal impact on comparative advantage
4. Increased investor confidence