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Globalisation (Product life cycle: Describes the stages a product will…
Globalisation
Product life cycle: Describes the stages a product will pass through from its introduction, through its growth until it is mature, and then decline
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potential threats
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Large multi-national corporations have the ability to exploit tax havens in other countries to avoid paying taxes
benefits
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reduce barriers such as tariffs, value added taxes
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Extension strategy: Is a way of keeping a product at the maturity stage of the life cycle and extending cycle
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the process by which businesses or other organizations develop international influence or start operating on an international scale.
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FTA
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free trade agreement (FTA) is a treaty between two or more countries to facilitate trade and eliminate trade barriers
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