Discuss the importance of international trade to the company’s business (4.1)
International trade is very important in this era for every international company, trade (export/import) in capital, goods and services between countries.
This topic discussion about Virgin Atlantic Airways, for them international is very vital in commercial flight business. What is the importance of Virgin Atlantic Airways do international trade? As an international company, their business target to various countries. If not business internationally, company cannot running the company’s goals. In other side Virgin Atlantic Airways have benefit a larger sales market. It means open opportunities for market expansion (slide benefit)
Market expansion is efforts
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That implication for company does international trade. As recommendation importance of international trade for Virgin Atlantic Airways can more focus to the market a range of Asian countries such as South East Asia (Indonesia, Malaysia, Thailand, etc) which have a large enough population Because in this region have high levels of flight activity is quite high. It prove by Air Asia, one of the company that owned by Malaysian businessman. They focus on low cost fares flight in South East Asia. Air Asia very success in that sector with get a lot of income. This is right decision to choose suitable market as the focus of the company. If Virgin Atlantic Airways wants to success in International trade, develop ability to identify the suitable market. Second recommendation to strengthen the company's network in each country market made by Virgin Atlantic Airways in the context of international trade services, could put the reliable person to handle and provide a report to the center as a reference for developing the business in the future. Local people taking local who has extensive knowledge of the business activity in order to further strengthen the company in the face of shared problems in the country.
Another importance of international trade is when entered international market, will be a lot of options for customers to choose which product is best or Consumers benefit from increased competition. Analyze about it, increase in