You have two options stay in the home market or expand into emerging markets
Consider the following costs of raw materials, machinery, and labour cost in the home market and emerging markets.
Is this a mass market or niche market? Which has higher costs and higher impact on profits?
Where do competitors businesses manufacture their products and why? Should your business do the same?
If you manufacture abroad how long does it take you to ship products to where you want to sell them? Does this matter?
For each option consider:
Skill of staff?
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- Thread Starter
- 15-01-2017 14:49
- Official Rep
- 17-01-2017 16:23
Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.
Just quoting in Danny Dorito so she can move the thread if needed
Spoiler:Show(Original post by Danny Dorito)