INT 220 Global Dimension in Business Module 1 Assignment Benefits of Global
Expansion 2025 COMPLETE VERIFIED SUBMISSION Southern New
Hampshire University
Benefits of Global Expansion
Alejandra Morales Fernandez
Southern New Hampshire University
Global Dimension in Business
, Benefits of Global Expansion
Introduction:
Today, many businesses leverage international resources for growth, but some domestic
companies choose not to expand internationally. This article will examine globalization and its
benefits, outline the key differences between domestic and international business, and explore
the ethical considerations organizations face when entering new markets.
Domestic vs. International Business:
A domestic business operates within its home country, selling goods or services locally
and adhering to the laws and regulations of that country. Domestic businesses may enjoy certain
advantages, such as familiarity with the local market, established networks, and a better
understanding of local customer preferences (Aggarwal, 2020).
International business encompasses a full range of cross-border exchanges of goods,
services, or resources between two or more nations (Dunung, S., 2024). International businesses
operate under diverse legal and economic frameworks, ranging from large multinationals to
small firms engaged in global trade. They benefit from access to new markets, the ability to
attract top talent, and opportunities for innovative product development.
Domestic and international businesses differ in several key ways. Domestic companies
often have lower quality standards, whereas international firms tend to focus on higher-quality
products and services. Domestic businesses typically use the local currency, whereas
international companies often deal with multiple currencies. Domestic firms serve a stable
customer base, while international ones appeal to a diverse clientele from various cultures.
Additionally, managing domestic operations is usually easier than managing international ones.
Expansion 2025 COMPLETE VERIFIED SUBMISSION Southern New
Hampshire University
Benefits of Global Expansion
Alejandra Morales Fernandez
Southern New Hampshire University
Global Dimension in Business
, Benefits of Global Expansion
Introduction:
Today, many businesses leverage international resources for growth, but some domestic
companies choose not to expand internationally. This article will examine globalization and its
benefits, outline the key differences between domestic and international business, and explore
the ethical considerations organizations face when entering new markets.
Domestic vs. International Business:
A domestic business operates within its home country, selling goods or services locally
and adhering to the laws and regulations of that country. Domestic businesses may enjoy certain
advantages, such as familiarity with the local market, established networks, and a better
understanding of local customer preferences (Aggarwal, 2020).
International business encompasses a full range of cross-border exchanges of goods,
services, or resources between two or more nations (Dunung, S., 2024). International businesses
operate under diverse legal and economic frameworks, ranging from large multinationals to
small firms engaged in global trade. They benefit from access to new markets, the ability to
attract top talent, and opportunities for innovative product development.
Domestic and international businesses differ in several key ways. Domestic companies
often have lower quality standards, whereas international firms tend to focus on higher-quality
products and services. Domestic businesses typically use the local currency, whereas
international companies often deal with multiple currencies. Domestic firms serve a stable
customer base, while international ones appeal to a diverse clientele from various cultures.
Additionally, managing domestic operations is usually easier than managing international ones.
