- Why is it important to understand the political and economic history of a region when expanding into markets in that region?
- How do you determine an appropriate market, size, and growth potential for global business expansion?© BrainMass Inc. brainmass.com March 4, 2021, 7:01 pm ad1c9bdddf
It is important to understand the political and economic history of a region when expanding into markets in that region because political instabilities and economic downturn in the region can be detrimental for the success of the global business in the sense that other crucial factors such as exchange rate fluctuations, demand for products/services, export-import policies, trade restrictions, etc. are ...
The solution gives 238 words on the importance of understanding the history of a region from the view of a business looking into global expansion.