Marks & Spencer wants to accelerate the growth of its international business because of several reasons. First and foremost, they seek to expand the firm by taking advantage of international trading prospects. Second, they wish to address rising international competition successfully. The world was becoming smaller in terms of trade, and many marketplaces were becoming global. Third, to increase profits, Europe has grown to become one of the world’s most important commercial regions, accounting for almost 40% of global trade.
Identify three reasons why Marks & Spencer wants to accelerate the growth of its international business.
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Academic.Tips. 2023. "Identify three reasons why Marks & Spencer wants to accelerate the growth of its international business." February 7, 2023. https://academic.tips/question/identify-three-reasons-why-marks-spencer-wants-to-accelerate-the-growth-of-its-international-business/.
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Academic.Tips. "Identify three reasons why Marks & Spencer wants to accelerate the growth of its international business." February 7, 2023. https://academic.tips/question/identify-three-reasons-why-marks-spencer-wants-to-accelerate-the-growth-of-its-international-business/.
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