Potential Advantages of International Business Operations
Not what you're looking for?
Discuss at least five potential advantages to initiating, continuing, and/or expanding international operations. Use atleast 200 words and cite any sources used in APA format.
Purchase this Solution
Solution Summary
This is a brief discussion on the advantages to initiating, continuing, and/or expanding international business operations. It gives a list of five major advantages of dealing with international operations. References used are included.
Solution Preview
Short and Ketchen (2012) mentions three (3) potential advantages in dealing with international operations, namely:
1.) International operations give you access to new customers - this means that the product/services can be exposed to people of different cultures, hence there will always a demand for it;
2.) International operations lowers costs - many firms that compete in international markets hope to gain cost advantages. If a firm can increase it sales volume by entering a new country, for example, it may attain economies of scale that lower its production costs.
3.) International operations result to diversification of business risk - investors warn not to put all your eggs in one basket, ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce