1. Explain the advantages and disadvantages of competing in international markets.
2. Explain the determinants of national advantage according to Michael Porter.
3. Differentiate between a sole proprietorship and a corporation.
Expert Answer
Ans1 Advantages of competing in international markets :-
1. New Revenue Potential
By taking your business global, you get access to a much larger base of customers. If your product or service is a success, you can enjoy increased revenues from these new customers even if you have saturated your markets domestically. Globalizing could be exactly the shot of life your company needs to take its revenues to new heights.
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