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Becoming worldwide in scope and operations means
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when acompany designs a product in one country, purchases its materials fromanother country, and then markets & services that product throughout theworld, then the company makes itself in each and every function right frompurchasing of materials to the selling of its product. Hence a very strong qualitysystem is formed.
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Also by performing different functions in different countries andbecoming best in every function, profit achieved is much more.
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Industrial activities are growing so speedily that now just oldregional method of working is not followed but now the activities are done likethe international companies do them so that scope of business becomesworldwide.
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Production policy planning and manufacturing facilities are mixedand integrated on international scale.
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Engineering programs were uptill now conducted at national levelbut now engineering programs in recent times are conducted by coordinatingours as well as from other continent.
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Marketing and product services are given to other countries andalso taken from other countries.
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Companies growing worldwide and becoming international are:-
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government purchase and programs especially in field of defenceequipments, aerospace and other fields
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electricity generating installations equipments are also becomingworldwide
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New importance of quality:-
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Previously many stereotypes export leaders had such businesspolicy thinking that their success in international trade is just because-(1) their products were technically innovative(new) products or (2) their products werevery cheap products or (3) their products were completely unavailableproducts.
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But many of recent successful work done in international trade hasnot occurred because of above reasons.
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Products which are successfully sold in international trade now arenot sold because they are technically innovative or extremely cheaper or notavailable at all but they are successfully sold because they have
recognizable quality.
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Products got sold because of quality and such quality which issatisfactory to customer.
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The emphasis given by recent export leaders of international tradeis on quality.
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Markets have become quality oriented markets i.e. if any one wantsto sell his product in international market then if its product service, spareparts etc are reliable, customer oriented, quick then the person can capturethat market which is quality oriented market.
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