How would you translate "convergence" and expansion into a foreign market relevant?
Would the opportunity to expand products and markets be more compelling than "convergence" for global expansion?
How would you convince the President that "convergence" was the major stitch in the fabric of global expansion?
how would you translate "convergence" and expansion into a foreign market relevant?
Convergence and expansion into a foreign market are relevant in the context of transactions related to capital. if securities are to be sold in foreign markets, convergence of accounts making them comparable makes it easy for the firm to present its financial statements, and makes it easy for the investors and foreign financial institutions to understand the financial statements. In other words from the perspective of raising capital in foreign countries, or making foreign direct investment, convergence facilitates foreign market expansion.
This solution gives you a detailed discussion on convergence