4.1.1 Growing economies & 4.1.2 International trade and business growth GapFill

When a business has  saturated soaked decimated changed the domestic market it might look to expand into   governmental international diplomatic organisational  markets.  This may mean selling goods and services abroad and this is called   profit selling exporting costs .  When goods leave the home nation for foreign shores, this is export trade.  For a multinational corporation (MNC) this can be critical for increasing its market share and profitability.   It is logical that if a product sells in one country it would also sell in another.  There are some exceptions, but generally goods are suitable for a variety of markets.  This means that the business will increase output, which can have a positive impact on  economies industry demand saving  of scale.  This can lead to reduced costs and increased profit margins.  The downside of exporting is the obvious language barriers but also the paperwork and red tape that go with it.  Distribution can also be a headache for management, which is why many companies form joint   firms tasks ventures perils  with established businesses in the target country.

When a business wants to bring goods from abroad into the UK this is called   meaning importing wholesale merchandise .  For example, an Italian restaurant may choose to import Italian wine in bulk.  Importing can fulfil customer needs for certain goods.  For example, all iPhones are imported to the UK as there is no comparable product made in this country. 

Some countries become exceptionally good in a particular industry or at manufacturing certain goods.  This can be down to a range of factors, including climate, skill set of population, and natural raw materials. For example Africa produces coffee beans and cocoa beans, which would not grow in the wet and windy conditions in the UK.    Strictness Adaptation Adjustment Specialisation  can give the country a   relative statisticalcomparative worse  advantage over other nations, e.g. Indian call centres and Scotch whisky. 

If a business decides to establish some form of trading or manufacturing in another country this is called foreign   guide direct steer straight investment (FDI). This means jobs and income for the host nation, e.g. Toyota assembly plant in Derby UK is an example of FDI.