GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To sell obsolete, outdated products
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To provide job to people in other countries
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To expand to new, untapped markets
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To subsidize developing countries
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Detailed explanation-1: -To grow one’s customer base: When businesses want to expand their customer base, expanding into new markets gives them the chance to connect with different target audiences who can benefit from their new products or services and existing product lines.
Detailed explanation-2: -Which statement is an important consideration for the modern firm wishing to expand into new markets? Mergers and acquisitions are quicker to execute than greenfield investments.
Detailed explanation-3: -Examples of economic factors affecting business include: Interest rates. Exchange rates. Recession. Inflation.
Detailed explanation-4: -New Revenue Potential. The Ability to Help More People. Greater Access to Talent. Learning a New Culture. Exposure to Foreign Investment Opportunities. Improving Your Company’s Reputation. Diversifying Company Markets.