Having a global presence can provide a company with numerous advantages:
Diversification: By entering different markets, companies can mitigate risks associated with economic downturns in a single country. Revenue Growth: Tapping into new markets often opens up additional revenue streams. Competitive Advantage: A global presence can enhance a company's brand reputation and provide a competitive edge over local and international competitors. Economies of Scale: Operating on a larger scale can reduce costs per unit, improving profitability.