Read the case " JCB in India"" on page 505 of your textbook and answer the questions below. (Hill, C.W., Cronk, T. and Wickramasekera, R. (2014), Global Business Today: 3rd Asia Pacific Edition, McGraw-Hill). (a) JCB traditionally exported two-thirds of its backhoe loaders from Britain. Why did the firm begin via joint venture in India rather than export its product there? (4 marks) (b) What benefits would flow to India from JCB's foreign direct investment? (6 marks) (c) Who gains and who loses when a government introduces tariffs on imports, and subsidies to support domestic industry? (5 marks)