Medals 0
Expanding Overseas

When should a firm consider expanding from strictly domestic trade to international trade? What factors might affect the firm's decision?

Select and discuss five of the ten factors below in depth:

1. Cultural Barriers

2. Tariffs

3. Exporting/Importing

4. Competition

5. Price

6. Laws/Regulations

7. Risk

8. Capital

9. Marketing

10. Joint Ventures

Question

Medals 0
Expanding Overseas

When should a firm consider expanding from strictly domestic trade to international trade? What factors might affect the firm's decision?

Select and discuss five of the ten factors below in depth:

1. Cultural Barriers

2. Tariffs

3. Exporting/Importing

4. Competition

5. Price

6. Laws/Regulations

7. Risk

8. Capital

9. Marketing

10. Joint Ventures

Shadow · Answer

Moved to Finance

frankthefisher · Answer

huh

Shadow · Answer

We have different subject groups for different classes/question topics.

Shadow · Answer

I'll do an example.

A firm should consider expanding from strictly domestic trade to international trade when tariffs are more favorable with another country than with their own.

Shadow · Answer

For #5 with Price, you can mention lower labor costs (China/Taiwan/Philippines/etc).

Shadow · Answer

Lower labor costs means cheaper goods to purchase.

Shadow · Answer

Lax regulations in China = cheaper goods to purchase, etc