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Mathematics with Business Applications5th EditionMcGraw-Hill Education 3,755 solutions Which of the following is a main reason for businesses to expand into foreign markets?#1 Reason why companies expand into international markets:
The most common goal of companies going international is to acquire more customers, boost their sales, and increase their revenues.
Which of these are major reasons to expand to outside of domestic markets quizlet?A company may opt to expand outside its domestic market for any of five major reasons. ... . To gain access to new customers: ... . To achieve lower costs through economies of scale, experience, and increased purchasing power: ... . To gain access to low-cost inputs of production: ... . To further exploit its core competencies:. When firms consider moving into foreign markets the top reasons they do so are to quizlet?3.) try to change the local market to better match the way the company does business elsewhere. The primary reasons that companies opt to expand into foreign markets are to: boost returns on investment, broaden their product lines, avoid tariffs and trade restrictions, and escape dealing with strong labor unions.
Which of the following are ways in which companies enter international markets?Market entry methods. Exporting. Exporting is the direct sale of goods and / or services in another country. ... . Licensing. Licensing allows another company in your target country to use your property. ... . Franchising. ... . Joint venture. ... . Foreign direct investment. ... . Wholly owned subsidiary. ... . Piggybacking.. |