Advantages and disadvantages of International Business...

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Benefits of the international businessIt brings countries together.It unites the country making the world a big global village.It increases employment opportunity as it results in the exchange of ideas,information, service, and capital across borders.There is equal growth in terms of wealth, price stability, availabilities of goodsand services to each and every one.This also brings a new environment of alliance, development, stability, affluence,modernization, and technology across the globe.
Major issues in the international businessThe businesses have to conform to the local rules and regulations in whichthey operate inThere is a possibility of faulty information exchange due to the languagedifferencesFor this, the exchange rate of the country has to be closely checked, whichchanges daily.Communication and control becomes complicated
Advantages of doing business in Europe and worldwideNew customer engagement: It is important to take some time to look at the demographics andtastes of each country to ensure that you are selling your product and service to the right market.Spreading business risk: The more countries in which you have a presence, the more the ups anddowns of business fortune will become smoothed out and easier to manage. Sometimes, setting upa business in multiple locations brings economies of scale to the start-up process.

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Term
Spring
Professor
Mr.JohnNash
Tags
Economics, Business, Marketing, Exchange Rate, Corporation

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