Explain factor business should consider before going overseas
can someone explain me how to affordability factor can be problematic (5 marks answer)
can someone explain me this.
AffordabilityInternational business means more costs, including travel, customs, phone calls and office space. For most companies, the biggest difference in costs between having an international or domestic business is shipping. Don't forget to include the hidden costs involved with shipping overseas, such as hiring a freight forwarder and purchasing overseas shipping insurance. Further, overseas buyers might ask for long periods of credit extension, leaving you with cash flow issues unless you prepare for them. Develop a list of your all cost and measure them against the potential gains.
AffordabilityInternational business means more costs, including travel, customs, phone calls and office space. For most companies, the biggest difference in costs between having an international or domestic business is shipping. Don't forget to include the hidden costs involved with shipping overseas, such as hiring a freight forwarder and purchasing overseas shipping insurance. Further, overseas buyers might ask for long periods of credit extension, leaving you with cash flow issues unless you prepare for them. Develop a list of your all cost and measure them against the potential gains.
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