Question

Entering a foreign market presents significant opportunities for a corporation. The revenue potential and opportunity to increase market share can be important motivating factors. However, entering a foreign market requires a significant amount of preparation and understanding of the specific foreign market. With this in mind, please respond to the following two questions:

1. What are the elements that will entice corporations to enter a foreign market?

2. What are some of the risks involved when considering entering a foreign market?

Answer 1

1) entering a foreign market can always be challenging for a country though there are opportunities to generate revenue because of the fact that the conductance that the cultural social political as well aslegal factors might be much different when compared to that of the home country where the business must adapt all these conditions before starting the business and this may or may not go in line with the product in that is why they have to modify this strategy according to that.

2) There are certain risk such as distributive political risk, risk of adaptation of the culture of the particular country the government can get restrictions on the companyare some of the risks that the company must actually face while entering marthe foreign market