Hello can i get some help please because I think i confused myself.
Here are the instructions per my professor about this paper today and I am not sure I am right about the contributing factors ? aND if mixed those up w the others. Here is what I started to put down. Thank you!
My answers are in italics and underlined .. everything else is from the professor -- just need to know im on the right track or not. im having such anxiety. thank you
-Examine factors contributing to seeking new marketsInstructions
In this week's topic, analysis of globalization, its drivers, and reasons for seeking new markets were addressed. You are required to critique strategies for seeking new markets, which include trade liberalization, advances in technology, global competition, growth in consumer pressures, expansion of cross-national competition, changes in political situations, and government policies. Additionally, risk reduction, resource acquisition, and sales expansion push companies to enter international business. Using the following prompts:
-Determine what it means for a company to have a competitive advantage within the strategies chosen.
- Advances in technology
-Growth in consumer pressure
-Expansion of cross national competition
- Government policies
-Examine three or more contributing factors critical to international business operations.
-Cultural understanding - how to conduct business
-Legal policies - how to legally conduct business
-Services that support IB - bank credit agreements so currency can be exchanged and finance are taken care of
-Argue the advantages and benefits of seeking new markets outside national borders. Advantages and benefits
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