Why It Is Important To Study The International Business Environment? Studying international business allows you to see how globalisation has brought about an increasing ‘connectedness’ of businesses, markets, people and information across countries. ‘Working across countries is a necessity for most firms today. Why is it important to study international business 5 Reasons? Studying International
What Are The Advantages Of Global Marketing? Increase the quality of a product or service. … The familiarity of brand image. … Raised knowledge about your brand. … Lesser costs, more savings. … Reach a wider target audience. … Gain the upper hand on your competitors. … Gain relationships across borders. What are the advantages
What Are The Reasons For Increased Global Competition? About 25 percent of this increase came from the shift to new higher value-added products; the remaining gain came from added features and quality in existing products, a shift within the industry to more efficient producers, and a changed product mix. What is heightened global competition? Global
What Are Some Of The Ways In Which Technological Advances Have Contributed To Globalization? Technology has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place. What types of technology worldwide are