Business, 22.08.2020 22:01 DarinKing2005

Discuss this statement: "Internationalization is a relevant strategic option for high-tech venture expansion and growth." What makes this statement true? What facts support this statement?

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When a firm decides to situate its operations outside of its original geographic boundaries, it is said to have internationalized its operations.

It is right to acquiesce to the position that Internationalization can become a critical growth strategy for a high-tech venture.

Explanation:

Every country/economy in the world operates at different levels of efficiency with various degrees of economic advantages and disadvantages to the businesses. The one singular factor that validates this statement is the Cost of Doing Business.

For example,

by virtue of China's huge population and economic strategies, its low cost of production (which was mainly due to cheap labour) became a great incentive to many tech companies all over the world especially IT.

By relocating production operations to China, many companies got the same quality for far less than they would have if they retained such operations in their home country.

One example of this is Apple. Apple currently has an operation in China which manufactures its iPhones with a production plant that is 230,000 staff strong.

Foxconn which is the name of the manufacturing partner which China uses boasts of the ability to produce half a million iPhones in a day.

On the 30th of July, 2020, USD 59.7 billion was posted by Apply as its earning. This is an 11% growth over its quarterly performance from a year ago of which 60% is accounted for by sales from international economies.

The above facts speak to the relevance/advantages of internationalisation.

Cheers!

Answer from: Quest

christopher columbus sail the ocean blue 1492

The real estate market is categorized in which way?

Answer from: Quest

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

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