Question

1. Minimum 200 words. Discuss one (1) critical aspect of the international environment that must be modified when expanding from a domestic market to an international market.

Answer 1

Proper management for protecting the domestic industries were considered as the most important thing which should be maintained during the extension of domestic industries into international market. At the same time, the protection of culture during the international marketing is also considered as an important matter. Among all of this, foreign government consideration was come under the most prominent factor in international trade. The stability of the local government and the control of the authority will helps to formulate proper policies based on the economic conditions domestically. Consideration over the currency exchange rates, access towards the needs of resources, communication and transportation facilities, and assistance programmes by government, access towards affordable capital, immigration and employment law etc. The government stability will make integrity, employee security and the intellectual property rights etc were maintained under this situation and follow up of these methods.
The government programmes will determine the foreign relation based on certain laws and regulations. This will increase the welfare of the economy as a whole. Thus the general welfare and the equality were attained under these policies. Intellectual property rights and proper decision making will increase the trade balance and smoothen foreign relations.