In order to reach new markets,many companies are moving operations to other countries.

Question

Quizplus · Accepted Answer

This statement is true. Many companies are opting to move operations to other countries in order to expand their markets and take advantage of new opportunities. This may involve establishing new facilities or partnering with local businesses in the target market. Reasons for moving operations overseas may include lower labor costs, access to natural resources or expertise, and proximity to key customers or suppliers. However, this strategy can also be complex and fraught with challenges, such as cultural differences, political instability, and regulatory restrictions.

In Order to Reach New Markets,many Companies Are Moving Operations