Q1. Recommendation to enhance cross-border business
Cross-border business is a fast growing trend in the business world. Like any other trend in the present times, need for upgrading and improving efficiency is much higher. There are numerous recommendations that are recommended to improve cross border business. They include subsidies, export financing, establishment of trade zones, use of common currencies, regulation harmonisations, trade agreements and favourable conditions between the different countries (Chuah, 2009).
Subsidies are perfect example of cross border promotion strategy. A subsidy is assistance from the government to specific parties. Governments can provide subsidies to people and organisations involved in cross border business. The ...