STAYING DOMESTIC or GOING INTERNATIONAL 4'4 By: Natalia,

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STAYING DOMESTIC or GOING
INTERNATIONAL 4.4By Natalia, Alexandra
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Staying Domestic or Going International?

• Business in Canada operates well in a domestic
  arena.
• Each business relies on another business.
  Sometimes greatly, sometimes not so great. They
  depend on domestic partners and international
  partners.
• International companies affects market government
  and other businesses due to competition.
• Example Brazil is Canadas largest trading
  partner in the South American and Caribbean
  markets. Pg.138, international business text
  book.

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Product Quality

• Companies whom sell high quality products may
  decrease in quality in order to meet the demands
  of customers.
• Many businesses there is a lot of pride on the
  owners behalf which is the main reason for the
  owner to be running the business, international
  expansion is not required to sell the companies
  daily output.

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• Businesses such as hair salons, cleaning
  services, etc, cannot easily transfer their
  flair.Example An ice cream parlor that makes
  ice cream in small batches to ensure consistency
  in taste and flavor cannot shift to mass
  production and keep producing the same type of
  high quality of their products when larger
  quantities are required for the international
  market.

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Complexity, Risk Cost

• Negotiation, arranged shipping, websites, takes a
  large amount of time and effort as well as its
  very costly and risky for many of the smaller
  businesses.
• Importing products into Canada could make them
  unprofitable, especially without a distributor
  and a knowledgeable customs broker
• Most local entrepreneurs need guidance/ training
  to become successful in internship business
• Assistance/ training is costly and requires alot
  of time that businesses do not wish to undertake
• Ex Canada largest trading partner is brazil In
  2001 they shipped 1.5 billion dollars worth of
  products, if that failed then it would have
  affected the company with serious issues.

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Quality of life

• A small business is usually the dream of an owner
  as well as an achievement and goal
• The owner chooses to have his or her own business
  because of the qualities they possess such as
  leadership
• They choose to be their own boss because they
  like to control the day to day activities in the
  environment they work in
• Ex being self employed gives you freedom

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TRUE OR FALSE

• Business in Canada operates well in a domestic
  arena.

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TRUE OR FALSE

• Each business does NOT depend on domestic and
  international partners

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Fill in the blanks

• Companies whom sell high quality products may
  _________ in quality in order to meet the demands
  of the customers.

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Fill in the blanks

• Most local entrepreneurs need __________ and
  _________ to become successful in the internship
  business.

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Fill in the blanks

• _________ and training is costly and requires a
  lot of time that businesses do not wish to
  undertake.

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Question

• Who is Canadas largest trading partner in South
  America and Caribbean?