BUS 485 Topic 6 DQ 2

BUS 485 Topic 6 DQ 2

What are some of the special features of competing in foreign markets?

Essentially foreign markets are potential raw resources for a company to tap into for income. Special features for companies that do this could be that cost of business decreases if the company sets up operations there, foreign markets offer untapped income, cross boarder trading and strategic alliances as well as export and import. I also think counter trading is a possible good idea. “Countertrading is a type of contractual agreement in international trade that provides special arrangements for financing an exchange of goods and services.”

http://www.referenceforbusiness.com/encyclopedia/Inc-Int/International-Competition.html