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Country Expansion - Coggle Diagram
Country Expansion
Challenges
Outbreaks such as covid19
Tax codes and compliance issues
Language and cultural barriers
High cost of expansion
Competition from local suppliers
Risks associated with export
Limited supply of raw materials
Business Growth
Multiple revenue streams
Enhance profitability
opportunities for partnerships
Brand recognition
Employ new workers/staff/farmers
Product development
Improve current products
Develop new products
Offer varieties of products
Product design and packaging
New markets
Attract new potential customers locally
New source of raw materials
Maintain a competitive advantage
Export more products to the Uk