BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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rapidly enter new markets
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higher levels of control over marketing and distribution
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take advantage of better costs and capabilities
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adopt to local tastes quicker
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Detailed explanation-1: -Easier way to enter into international markets. Comparatively lower risks. Less investment requirements. A good presence in foreign markets.
Detailed explanation-2: -Which of the following is an advantage of using exporting as an international business strategy? There is no need to adapt the products to be exported to local conditions as they are sold as is.
Detailed explanation-3: -One of the primary benefits of exporting is access to a global market of buyers. In other words, by exporting your products and going global, you open your business to more than 95% of the world’s population-and by not exporting, you limit your sales to less than 5% of potential buyers.
Detailed explanation-4: -Because the cost of exporting is lower than that of the other entry modes, entrepreneurs and small businesses are most likely to use exporting as a way to get their products into markets around the globe.