Q31 Outline Benefits Going Global Business Firm 2 Marks Please Write Answer Type Answer Wo Q34240086

Q31

Outline the benefits of going global for a business firm. [2Marks]

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Expert Answer

globalization can bring your organization many benefits. Hereare seven of the most common advantages involved with expandingyour business on an international scale:

1. New Revenue Potential

By taking your business global, you get access to a much largerbase of customers. If your product or service is a success, you canenjoy increased revenues from these new customers even if you havesaturated your markets domestically. Globalizing could be exactlythe shot of life your company needs to take its revenues