Trade Finance as a Business Development Strategy
Business Team Planning Business Development Strategy in Office Without trade finance, there wouldn't be Indian spices, clothes, or jewelry in the United States. Or Apple's iPhones in China, much less any other international product at any respectable distance from its origin. In fact, according to Investopedia , the World Trade Organization (WTO) estimates that international world trade has expanded 80%-90% thanks to trade finance. For this to continue, companies need to include trade finance in their business development strategies. How do you do that? Learn how you can incorporate trade finance into your business development strategy. Incorporate Inland Trade Finance in Market Penetration and Market Development Market penetration and market development are key parts of a business development strategy. Market development involves selling more of your service or product to repeat customers. While market penetration is about expanding your product or ser