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Major reasons why companies expand into foreign markets

What are the major reasons why companies expand into foreign markets?

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What are the major reasons why companies expand into foreign markets?

Companies opt to expand outside their domestic market and into foreign markets for any of four major reasons:

1) Gain access to new customers: Entering foreign markets means the opportunity to service new customers in these markets.
2) Achieve lower cost and enhance firm's competitiveness: Sales ...

Solution Summary

The major reasons why companies expand into foreign markets are discussed.

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