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GLOBALISATION and GOVERNMENT INCENTIVES (Australia)

“Discuss why it is increasingly important for the Australian business to expand internationally. Discuss the role of government assistance and incentives in supporting business to expand internationally.”

There are many advantages expanding internationally.

A business could increase in sales and achieve new market by expanding overseas. A business making a particular product or service may find that its product has special international appeal. Ally Craft is a privately owned business on the Gold Coast involved in the production of a wide range of aluminium boats. Because of Australia’s climatic factor, there is a seasonal decline of sales from late February to April. This is a disadvantage in the profit of the business. However, Ally Craft decided to export towards the Pacific Island market where their product is in higher demand because of the tropical climate of this region to maintain cash flow. The business increased in sales due to the new markets gained in Pap...

Posted by: Jennifer Valles

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