4.2.1

Cards (8)

what are pull factors? 
where businesses are attracted by compelling opportunities to grow by expaniding internationally
what are push factors? 
where businesses feel they have to expand internationally because of the domestic market issues
main push factors  
saturated markets
competition
what is a saturated market? 
a group of businesses or a business have sold a product to everybody who will buy one
pull factors 
economies of scale
risk spreading
what is offshoring? 
occurs when a business relocates production to another country
what is outsourcing? 
when a business contractcs out production to another business
how does the product lifecycle promote trade?
can be expanded by selling overseas