Global / International Business - Essay Example

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This discussion critically examines the drivers for firms to explore cross-border business. Cross-border business involves buying and selling of products and services between or among businesses in neighboring nations, with the buyer being in one country and the seller in another country…
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Global / International Business
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Download file to see previous pages As the paper discusses firms may explore cross-border business to search for new buyers for their products and services. The top management of a company may recognize that their goods and services are unique or superior to the foreign market competition and, therefore, seek to take advantage of such opportunity. Firms may also be motivated to seek for new markets when manufacturers have saturated sales in their domestic market or when they believe that overseas investment will increase returns than the extra investments at the home market. This is usually the case of high technology products. Firms would engage in international businesses to supply their new products and acquire a market share of their products while increasing returns.
According to the report findings a country may have access to raw materials it needs but lack the capability to convert the unprocessed materials into refined products. Another nation may have the expertise to produce the needed consumer products. This problem is evidenced in developing nations who have abundant raw materials but lack the professionalism and technology to turn the raw materials into consumable products. Companies in Developing and emerging nations do not have proper infrastructure and, therefore, depend on foreign sources for many of their productions. Many small firms may engage in cross-border business to increase their savings. ...Download file to see next pagesRead More
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