Opportunity and its impact on businesses

Start selling exports to other countries - This increases potential sales. But it can be expensive to sell abroad.
Become a multinational - It could be cheaper to make some goods in other countries than home. But will the quality be as good? it is expensive to set up operations in other countries.
Import products from other countries to sell at home - With no trade restrictions, it could be profitable. But the products may need maintenance, will the parts and support be available from the producer in the foreign country?
Import materials and components from other countries - It could be cheaper to purchase these supplies from other countries. But will the suppliers be reliable? Will the greater distance add too much transport costs?

	Created by Rawan Jurdi over 8 years ago

What is Globalization and its impact on businesses.