Explain how international business might impact a local car business on the basis of competition, exchange rate and interest rate.© BrainMass Inc. brainmass.com March 5, 2021, 12:29 am ad1c9bdddf
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The local car business can be adversely hit by international competition. International businesses expand in foreign markets to increase sales and profits when managers find that the economy of the foreign country is on a high growth path and population growth is viable for their businesses. When an international player enters the domestic market of already established markets it would compete directly on customers. The company would try to lure customers from local regions by either price cuts ...
The expert explains how international business might impact a local car business on the basis of competition.