Explain the rationale for some industries becoming global while others remain local or regional.
Explain the rationale for some industries becoming global while others remain local or regional.
Nowadays international business is becoming the latest trend for the companies where they produce or distribute their goods and services across the borders of its home country. With global economy nowadays there is a shift toward international business because the companies find it more attractive and with the help of internationalization of their business they can make their presence worldwide and earn lots of profit. With the help of international diversification of business companies targets of an increase in its sales as they have a wider market now and an increased sales means more revenues , which will help the business to grow further.
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