International Market Analysis For A Growing Firm - 1527 Words

Luigi Vittatoe Professor Stanley Klatka BUS1801 Global Business Perspectives October 5, 2015 International Business Paper Introduction For a growing firm, the international market represents one of the avenues to achieve growth and expansion. The global market, through trade, has been an engine of growth, for example, world trade has been growing at seven percent since 1945, becoming a contributor to economic growth. The international market has facilitated global trade and the integration of economies. Therefore, it has enabled countries to exploit its comparative advantage. The following report looks at the international market entry strategies, reasons for selecting the topic, new relevant materials learned facts about the topic and the unexpected facts relating to it. Reasons for choosing the topic International market entry is important because it enables an organization to increase its output and attract new customers. By expanding the customer base and the scale of production, the business will be able to achieve economies of scale. That is, the organization can be able to reduce the average cost per unit of production when the level of output is substantially increased (Stephan and Roin 28). After international expansion, cost advantages and higher profit be obtained through bulk purchasing, enjoying high turnover rate and paying lower interest rates on loans. For the business firm to grow, it has to find new opportunities of expansion. The opportunity forShow MoreRelatedStrengths Strong Market Position Of Ups1385 Words   |  6 PagesStrengths-Strong market position Package delivery is the core of UPS’s operation, and the firm has mastered a simple service of safe, on-time delivery. 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AroundRead MoreThe Strategy Development Of Primark857 Words   |  4 Pages1. Market Entry For many firms, seeking for new countries’ markets is the mainly attempt to spread their products or services into the foreign markets, and the firms will retain and construct their participation in present markets to increase their worldwide competitive force (Doole and Lowe, 2012, 218; Hollensen, 2007, 5).About market , there is no perfect market entry plan and different market entry methods might be adopted by different firms entering the same market and/or by the same firm inRead MoreGlobalization and Its Impact on International Business Essay1558 Words   |  7 Pageson international business†¦..7 The road ahead for international business†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦9 Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 Reference†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Introduction Every day we hear it on the news, read it in the papers, overhear people talking about it†¦ and in every single instance the word globalization seems to have a different meaning. 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