Why do companies “go global”?

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Why do companies “go global”?

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Why do companies “go global”?

Explanation & AnswerSolution by a verified expert

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Business expansion and cost-cutting

Explanation

One of the main reasons companies go global is to increase sales and expand their business in foreign markets. Countries with cheap raw material, labor, and production cost, along with business-friendly policies and regulations, also attract many companies.

Verified Answer

To capture foreign markets and take advantage of tax reliefs, low production costs, and less regulatory burden

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