Date: 2013-08-05

Advantages and Disadvantages of International Trade

Advantages to consider:

 

Enhance your domestic competitiveness

Increase sales and profits

Gain your global market share

Reduce dependence on existing markets

Exploit international trade technology

Extend sales potential of existing products

Stabilize seasonal market fluctuations

Enhance potential for expansion of your business

Sell excess production capacity

Maintain cost competitiveness in your domestic market

Disadvantages to keep in mind:You may need to wait for long-term gains

Hire staff to launch international trading

Modify your product or packaging

Develop new promotional material

Incur added administrative costs

Dedicate personnel for traveling

Wait long for payments

Apply for additional financing

Deal with special licenses and regulations

( liyy )03 Aug,2010

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