Purchase Solution

Factors to consider when expanding into a foreign market

Not what you're looking for?

Ask Custom Question

What are some factors companies must consider before attempting to enter foreign markets?
Provide an example of a company that has failed when expanding overseas and why they failed.

Purchase this Solution

Solution Summary

This solution identifies factors that companies ought to consider before expanding into a foreign market, and provides an example of a company that unsuccessfully tried to expand and why their expansion was unsuccessful.

Solution Preview

There are many factors that companies must consider before attempting to enter foreign markets. These include: the economic system, the political and legal systems, socioeconomic factors, technological factors and competitive factors.

Economic System
When entering a foreign market, the company must consider the current economic state and system of the foreign country. They must determine the currency, and find if the market is a free trade market or more of a socialist market. This could help or hinder foreign trade.

Political and Legal Systems
When entering a foreign market, the company must research the political system that is in force ...

Purchase this Solution

Free BrainMass Quizzes

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Basics of corporate finance

These questions will test you on your knowledge of finance.

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.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.