• Advantages of Technology in the International Market

     

    Essays1 Business

Evaluation:
Published: 25.10.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'Advantages of Technology in the International Market', 1.
Extract

Technology plays a major role in international trade. Databases, overnight delivery and faxes have opened the world market to not only larger companies but small ones too. To add to this globalization, companies and even competitors are combining and forming alliances to cut cost and increase the profit margin. Chrysler, General Motors and Ford have formed an alliance in research and development to avoid duplication. These alliances are not only with domestic companies but they also go over national lines. …

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