International business is a really good source of income in present days.Many foreign industries open new branches in other countries with those governments’ offers.Majority of individuals believe that domestic businesses are more important than international ones,and the country must concentrate on supporting and developing them.Even though local industries may be less risky,I fully disagree with that viewpoint because of the importance of reputation of the country and earning more money
Some people believe that local businesses are more important because they find it more convenient.This attitude can show local entrepreneurs can still earn enough money to have an enjoyable life and improve country’s economic stability.This can be linked that local entrepreneurship is not that much challenging compared to international industries,and owners of that businesses do not face language barriers because of creating company in their native countries. Also,they might not struggle with currency fluctuations which can even lead to sudden eliminations and politics of other host countries might take control of international industries if they are more profitable and grabs a lot of attention in their society
However,I think that position stated above is inappropriate unless businesses have financial issues.We live in the fast-paced world where everything is changing,extending and improving.Businesses should not limit theirselves from expanding and opening new branches in other countries,thus they are golden opportunities to make name for theirselves and their countries.In other words,visibility of the brand of a company expands along with the expansion of the market,making it easier for future entrance into new markets and for negotiations with distributors and other parties.Another great chance for international businesses is getting increased revenue with more product exposure. Due to growing technology and internet they can easily alleviate risks for not making enough profit and losing customers,because if they are known globally,the buyers will also be loyal.
In conclusion,it is better to create international industries to be more profitable and reliable for purchasers but they might still face several challenges like language barriers,changes in currencies and restrictions of host countries,however,if they try cleverly they may overcome them
