Exporting can benefit a company through (Noonan 1999, p.5):- · increased plant utilisation · spreading operating costs over a larger output · reduced input costs through volume purchases · additional profit contribution · new markets for domestic product range · diversification opportunities into new market sectors using domestic technology · increased volume opportunities through modifications to existing products · developing international brands and/or company image · improved rate of technological progress through exposure to world markets · opportunities to sell support services, consultancy, training, technology licensing As exporting does not require that a product be manufactured in the target country/region, no investment needs to be made in foreign production facilities...
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Exporting can benefit a company through (Noonan 1999, p.5):- · increased plant utilisation · spreading operating costs over a larger output · reduced input costs through volume purchases · additional profit contribution · new markets for domestic product range · diversification opportunities into new market sectors using domestic technology · increased volume opportunities through modifications to existing products · developing international brands and/or company image · improved rate of technological progress through exposure to world markets · opportunities to sell support services, consultancy, training, technology licensing As exporting does not require that a product be manufactured in the target country/region, no investment needs to be made in foreign production facilities...
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