Major reasons why companies expand into foreign markets
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What are the major reasons why companies expand into foreign markets?
© BrainMass Inc. brainmass.com March 4, 2021, 6:05 pm ad1c9bdddfhttps://brainmass.com/business/business-management/major-reasons-why-companies-expand-into-foreign-markets-28058
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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 ...
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The major reasons why companies expand into foreign markets are discussed.
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