ECON 261 Lecture Notes - Lecture 26: Questia Online Library
Document Summary
It is highly important for any business to get the government support to grow and expand. The government support of international businesses is definitely considered a good use of taxpayer money. As the exporting of goods will create higher job opportunities as well as the interests earned will draw back profit for the us. conclusion. Exporting is necessary for companies to introduce product and develop new markets. Exporting allow business to expand internationally therefore giving advantages to both small and large businesses. It is a great source of revenue, increases innovation, allow companies to take benefits of economies of scale and great growth (burpitt & rondinelli, 2000). In order to succeed in a new foreign market and enhance exporting low trade barriers, government support and studying the desired market are essential components. New and developed strategies are required to be set by firms to facilitate the expansion of businesses internationally.
