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Justin manufactures custom amplifiers and sells them to audiophiles across the United States and Canada. He recently attended an international conference where he met with
Justin manufactures custom amplifiers and sells them to audiophiles across the United States and Canada. He recently attended an international conference where he met with a number of audio engineers who expressed an interest in buying his products. Most of the demand would come from Singapore, so he has decided to start exporting his products to retailers in that market. This is an example of a business expanding internationally to reduce their risk access factors of production access a growth market increase the inflow of innovation
Justin manufactures custom amplifiers and sells them to audiophiles across the United States and Canada. He recently attended an international conference where he met with a number of audio engineers who expressed an interest in buying his products. Most of the demand would come from Singapore, so he has decided to start exporting his products to retailers in that market. This is an example of a business expanding internationally to
reduce their risk
access factors of production
access a growth market
increase the inflow of innovation
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