Global markets & business expansion 4.2

Front

Outsourcing

Back

Moving a business function or department to a specialist external provider which may or may not be overseas.

Front

Pull factors

Back

The conditions that exist elsewhere that appear to be more advantageous and may cause a business to move to those areas to take advantage of them.

Front

Push factors

Back

The conditions that make a business’ current location less desirable and may cause it to leave and move elsewhere.

Front

Relocating

Back

When a business moves to a new location. This can improve the use of premises and can lead to lower costs, such as lower rent.

Front

Risk spreading

Back

Limit the various risk that a business faces e.g., avoiding over dependence upon one market.

Front

Saturated market

Back

Where most of the customers who would buy a product already have it, or there is limited opportunity for growth.

Front

Disposable income

Back

The amount of money that households have available for spending and saving after taxes have been paid.

Front

Ease of doing business

Back

The number and severity of barriers a business faces when entering a new market/country. A high ranking means a business faces fewer barriers, such as government regulations, access to energy sources, tax regimes, employment law, and enforcing contracts.

Front

Infrastructure

Back

The systems and services that an economy needs to function effectively, including transport links and communications.

Front

Natural resources

Back

Materials or substances occurring in nature which can be exploited for economic gain, e.g., raw materials like iron ore, coal, or large forests or lakes.