Availability of multiple choices - Foreign trade helps in providing a better choice to the consumers. It helps in making available new varieties to consumers all over the world. 4. Raises standard of living of the people- Imports can facilitate standard of living of the people. This is because people can have a choice of new and better varieties of goods and services.
Known as “export-import”, this kind of activity brings a lot of benefits of the countries that are getting involved such as access to technology, health, and education. Developing countries can actually follow this method to improve their countries. Thus, “developing countries should be more globalized by doing export and import activity due to access to technology, health, and education”. As mentioned above, technology is one of the perks a developing country
Exports will also potentially bring stability to otherwise fluctuating market demands. Because of these reasons, local and national government are attracted to exports because their local businesses can gain a share in the global market. Conclusion Morgan Motors and Wadia are just two examples of companies that would not survive with exporting. There are many benefits to exporting such as increasing sales and profits, reducing the risks of being bound only to the domestic market, balancing growth across multiple markets, and potentially lowering unit costs, and possibly achieving economies to scale. Therefore, these types of companies choose to export for these reasons as well as for gaining the continued ability to survive in the
This will help in staff retention and even attract quality, workers. It will also lead to higher motivation and improve a better customer service to prevent customers run away to competitors. This little pay adjustments will translate into wise savings for the organizations in the long run. Another recommendation is to improve their comparative equity of the workplace benefits. Prata Wala management can tie up with supermarkets and retail clothing outlets so that their staff can enjoy discounts.
Other problem like traffic can also be solved with moving cart. It’s expected that final yield of vendor will increase This will induce urge to manufacture more advance and eco-friendly cart in market. 4.6.2 CONCLUSION This cart design will develop good mentality in customers that places on roads can also be used to hang out and have food. Our point to maintain clean environment is to attract more customers and if that will be fulfilled more people will come forward to use this type of carts and can be profitable business In technical point of view driver will have good driving experience as compared to conventional cart, and with use of such minimum components this would be good optimization between product requirement and performance of cart, along with cost and weight
A strong brand will help an organization to differentiate the price from the rest and encourage their customers to pay for the intangible benefits they get from associating themselves with a brand that makes them appear cool fashionable, or clever. In addition, a brand provides a vital differentiator, especially when the basic product or service is widely
The competition is beneficial for customers because it provides them with a better quality product at a competitive price. While FDI brings many advantages for the host country and foreign company, both parties should also consider several disadvantages of
This uses has reduce the probability of damage in a product. This way helps the company become famous because of their different of the creativity. It make the people interest towards the things that are totally different from the rest . It will attract the attention of the customers .Indeed, technology have taught they to become a creative person.
By having a good economic condition, the people in Malaysia can live a better life. The engineer will be able to invent more products to easier our life. For example, there are various designs of furniture which allow the people to live more comfortable. This is due to the furniture are designed ergonomically, which mean the furniture and made to suit the people body shape or structure. For instance an ergonomic chair not only make the user more comfortable when using it but at the same time it is protecting the vertebra of the people and correcting the sitting position of most people.
Technology is a body of knowledge devoted to creating tools, processing actions and extracting of materials. Technology is wide and everybody has their own way of understanding the significance of technology. We utilize technology to complete some tasks in our day by day lives, in a nutshell; we can portray technology as items, procedures or associations. We use technology to develop our abilities, and that makes human as the most imperative piece of any technological system. We apply technology in practically everything that we all do in our lives, we utilize technology at work, we also use it to extricate materials, we also use technology for correspondence, transportation, learning, assembling, making ancient rarities, securing information,