Explain any five of the common Pitfalls in global Commerce?
Explain any five of the common Pitfalls in global Commerce?
With the advancement of technology and increased level of globalization, companies have started expanding globally. Global commerce can be defined as the process under which there is an exchange of goods and services that takes place and there are no geographic boundaries which restrict this process. As a result, there is wide variety of goods that can be supplied across various countries. Global commerce has become increasing popular with changing customer needs and it also gives companies several opportunities to supply their products in international markets. However, there are several challenges that the companies face while functioning in the international market and which creates hurdles for global commerce.
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