How could an Australian business expand internationally?
(A) By merging with a business operating overseas
(B) By sending management to an overseas conference
(C) By reducing costs in overseas manufacturing plants
(D) By buying overseas-made products from an Australian importer - HSC - SSCE Business Studies - Question 7 - 2009 - Paper 1
Question 7
How could an Australian business expand internationally?
(A) By merging with a business operating overseas
(B) By sending management to an overseas conference
(C)... show full transcript
Worked Solution & Example Answer:How could an Australian business expand internationally?
(A) By merging with a business operating overseas
(B) By sending management to an overseas conference
(C) By reducing costs in overseas manufacturing plants
(D) By buying overseas-made products from an Australian importer - HSC - SSCE Business Studies - Question 7 - 2009 - Paper 1
Step 1
By merging with a business operating overseas
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Answer
Merging with an overseas business is a strategic move that allows an Australian business to gain immediate access to new markets, local consumer bases, and operational expertise that can drive international growth.
Step 2
By sending management to an overseas conference
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Answer
While sending management to overseas conferences can enhance networking and provide insights into international markets, it doesn’t directly contribute to expanding the business internationally.
Step 3
By reducing costs in overseas manufacturing plants
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Answer
Reducing costs in overseas plants may improve profitability but does not specifically relate to expanding the business into new international markets.
Step 4
By buying overseas-made products from an Australian importer
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Answer
Buying products from an Australian importer does not reflect a direct expansion strategy into international markets.
