Photo AI

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 icon

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)-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.png

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... 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

96%

114 rated

Answer

Merging with a business that operates overseas is a strategic method for an Australian business to expand internationally. This approach facilitates access to new markets, resources, and local expertise, thereby enhancing competitiveness and scalability in the global arena.

Step 2

By sending management to an overseas conference

99%

104 rated

Answer

While sending management to an overseas conference can enhance knowledge and networking opportunities, it does not directly translate to business expansion. This option focuses more on skill enhancement rather than substantial market growth.

Step 3

By reducing costs in overseas manufacturing plants

96%

101 rated

Answer

Reducing costs in overseas manufacturing plants may improve profit margins; however, this action alone does not contribute to actual expansion. It is more about optimizing existing operations rather than expanding market presence.

Step 4

By buying overseas-made products from an Australian importer

98%

120 rated

Answer

Buying overseas-made products from an Australian importer allows for diversification of product offerings but does not lead to direct international expansion of the business itself. This strategy primarily enhances the availability of goods in the home market.

Join the SSCE students using SimpleStudy...

97% of Students

Report Improved Results

98% of Students

Recommend to friends

100,000+

Students Supported

1 Million+

Questions answered

;