9 What factors encourage firms to grow an international user
9. What factors encourage firms to grow an international user base as quickly as possible?
Solution
Answer:
There are various factors we can consider out of them few were i am discussing.
1. Get Company More Commitment: Every member in the company is sole responsible for their commitment towards their assigned duties.
2. Conduct market research to find your target market
3.Define your business plan for accessing global markets.
4. Determine how much you can afford to invest in your international expansion efforts.
5. Plan at least a two-year lead-time for world market penetration.
6. Build a website and implement your international plan sensibly.
7. Pick a product or service to take overseas.
8. Search out the data you need to predict how your product will sell in a specific geographic location.
9. Prepare your product for export.
10. Find cross-border customers.
11. Hire a good lawyer, a savvy banker, a knowledgeable accountant and a seasoned transport specialist,
12. Consumer Habits
13. Reginoal values
14. Age
15. Prepare pricing and determine your landed costs.
16. Make personal contact with your new targets, armed with culture-specific information and courtesies, professionalism and consistency.
