Business and ManagementAnswer the following questions, supporting your answer using a cogent argument and supported by any well-labeled diagrams, if necessary.Discussion should be at least 350 words and APA format.. Innovations in transportation have had a major impact on global trade. Consider one of these innovations: containerization. Describe this innovation and explain why this innovation is so significant? What are the goals of economic systems and identify the three types of economic systems that were developed through the human history.Discussion should be at least 350 words and APA format..How do these three types of economic system differ from each other? Which of these are most conducive to global trade and why? Clearly explain Vernons product life-cycle theory. Using a clearly labeled diagram be sure to identify each of the stages in the product life-cycle and what is happening in each stage.Discussion should be at least 350 words and APA format..
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