In order to capture the growing market opportunities abroad,Canadian firms must:

Question

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Expanding plants into countries closer to customers can help Canadian firms to capture growing market opportunities abroad by reducing transportation costs and improving access to local suppliers and customers. This strategy enables firms to produce goods cheaper, faster, and more efficiently, which in turn increases competitiveness and market share. It also provides firms with the opportunity to tap into new markets, better understand local cultures and regulations, and diversify their risks by operating in multiple locations.

In Order to Capture the Growing Market Opportunities Abroad,Canadian Firms