International trade has plenty of potential benefits which need to be considered carefully by businesses and governments.
Posts published in “GROWING A BUSINESS”
To restrain international trade, governments around the world, have imposed trade barriers such as tariffs, quotas and embargoes.
The growth of international trade has been very rapid to the extent that today all countries in the world trade with other countries.
Nowadays, products are produced in one country and then sold to customers all over the world. This increase in international trade led to globalization.
Having imbalance in international trade – either large trade deficit or too much trade surplus – is usually not a good idea for a country.
Different producers should adopt a different business strategy during economic growth, and a different business strategy during economic recession.
Most of the business organizations that exist in the world are small businesses and micro-businesses with either one or no additional workers.
Growth is a long-term objective of most businesses. However, some firms never grow. Why some businesses want to grow and other businesses remain small?
While growth is a common business objective, it is neither easy nor cheap for the company to achieve as there are many problems linked to business growth.
Franchising is a business agreement in which the franchisor agrees to allow the franchisee to use its name, logo and products in exchange for a payment.
Franchising has allowed certain multinational businesses to expand much more rapidly than they could otherwise have done.
External Growth can lead to rapid expansion of the business which might be vital in very competitive markets, or in industries that expand fast.
Joint Ventures (JV) and strategic Alliances (SA) allow business organizations to enjoy some of the benefits of mergers, acquisitions and takeovers.
Joint Ventures (JV) and Strategic Alliances (SA) offer one tremendous opportunity for business growth. Here are three different types.
A Joint Venture (JV) and Strategic Alliance (SA) plays a key role in a corporate growth strategy. Check the steps in forming one.