Hey future business leader! 🌟 Ready to explore the exciting world of international business? Let's dive in and make sense of why companies decide to hop across borders and play in the big leagues. 🌐

• The Bigger Picture: When companies introduce their products to new countries, they reach way more people. Imagine selling your fave hoodie just in your school versus the entire city!

  • Real-World Example: Think of how McDonald's started in the US but now you can grab a Big Mac in Tokyo, Paris, or Rio!

• Fresh Starts for Oldies: Sometimes, a product might be like that overplayed song on the radio in its home country. But in a new place? It’s the latest hit! It gets a whole new life cycle.

  • Real-World Example: Coca-Cola has been around in the US since 1886. But when it entered a country like China much later, it was like a fresh release!

Safety First: Selling in different countries means if one market faces trouble (like an economic recession), businesses have other markets to rely on.

• Real-World Example: Nokia was a huge hit in Europe but when smartphones arrived, it faced challenges. However, it still had strong sales in emerging markets like India.