Classical Firms:

The Classical Firm is both manufacturer and distributor.

In this type of firm, students are challenged to consider both distribution and manufacturing, a learning process most professors prefer. The classical firm is less likely, however, to experience the same cross cultural exposure. Necessity does not dictate that they negotiate sales/purchases with other firms as it does Manufacturing-Only-Firms and Distribution-Only-Firms.

The classical firm has the burden of managing and financing both distribution and manufacturing elements of the firm. However, they have less risk in securing product when they need it and greater ease in forecasting demand.

Association Global View simulation administrators and tutors provide excellent online response to all student questions.

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