Importance of International Trade Essay

Discuss the importance of worldwide craftsmanship to the social clubs argumentation (4.1) International dish out is very important in this era for every international caller-out, trade (export/import) in capital, goods and function between countries. This topic discussion or so sodding(a) Atlantic Airways, for them international is very vital in commercial rush business. What is the importance of unadulterated Atlantic Airways do international trade? As an international comp whatsoever, their business target to various countries. If not business internationally, telephoner rotternot running the companys goals. In other side Virgin Atlantic Airways spend a penny benefit a larger sales mart. It means open opportunities for market expansion (slide benefit) Market expansion is efforts to expand the market with the aim of change magnitude sales, networking and brand awareness. How to increasing brand awareness? For recommendation Virgin Atlantic Airways could base valida ting image such(prenominal) as little contribution of income used to help starving children in Africa.This will be cognise by many people and profit positive image. It will strike companys sales, could be the peoples choice because this positive image indirectly. What is exported by Virgin Atlantic Airways ? Flight services for a lot of people. As case flight services to various countries such as Delhi, Hong Kong, Sydney, Cape Town, Boston, Chicago, Las Vegas, New York, Tokyo, etc. (Virgin Atlantic Airways Ltd, 2013) Analyze about it, Virgin Atlantic Airways already do the right steps to build the company from scratch in 1984 with the goal of becoming a world(prenominal) aviation company (international). Then exported service is done need to be added again to the countries that have not expanded as Eastern atomic number 63 and South East Asia. http//www.virgin-atlantic.com/tridion/images/factsheetcompanyoverview_tcm4-426059.pdf One of impact importance international trade is company can see suitable market internationally, indirectly forcing the company to do market research before making business decisions. differently if company just focus on domestic market, they just dwell about domestic not until international. That implication for company does international trade. As recommendation importance of international trade for Virgin Atlantic Airways can more focus to the market a range of Asian countries such as South East Asia (Indonesia, Malaysia, Thailand, etc) which have a large plenty population Because in this region have high levels of flight act is quite high. It produce by Air Asia, one of the company that own by Malaysian businessman. They focuson low cost fares flight in South East Asia. Air Asia very winner in that sector with get a lot of income. This is right decision to take away suitable market as the focus of the company. If Virgin Atlantic Airways wants to achievement in International trade, develop ability to identify the suitab le market. game recommendation to strengthen the companys network in from each one country market made by Virgin Atlantic Airways in the context of international trade services, could put the reliable person to mete out and provide a report to the center as a filename extension for developing the business in the future. Local people taking local anaesthetic who has extensive knowledge of the business activity in order to nevertheless strengthen the company in the face of shared problems in the country. another(prenominal) importance of international trade is when entered international market, will be a lot of options for customers to choose which harvest-home is best or Consumers benefit from increase competition. Analyze about it, increase in competition that opportunity for Virgin Atlantic Airways compete and prove that the airline is the best among the others. As example always consistently provide best service to customers in schedule. archive can be advantage for Virgin more timely than any other airline. This is one of the most common disadvantages owned by virtually every airline around the world. Virgin Atlantic Airways has been able to prove the exact time in the flight schedule. It rarely owned by other airlines because Virgin guided time is very important to customers. At least not to grade customers wait for long time if in that location is any problem. (Slide benefit) nations benefit from foreign investment and standard of living increase * Economic alliances typically lead to political agreementsEvaluate the impact of spheric factors to the companys business (4.2) Global factor is the factors that affect company how to run business with conform to trend and something happening world(prenominal)ly. In fact, global factor affect companys strategy to do success business. Every country or place has different culture (global factors). In Indonesia, social factors very affect where almost people like discounts resultant role such as trends if there are discounts in a transaction, the product is likely to be sold. The consumer culture can be used to make virgin Atlantic airways discount tickets through