Increasing numbers of corporations are crossing national boundaries in search of markets and profits. For many of these corporations, the international marketplace generates a sizable portion of daily revenues and profits. Overseas sales are also important to many U.S. service firms such as translation services companies, shipping firms and staffing organizations.
Just as some corporations depend on foreign sales, others rely on purchasing raw materials for us in their domestic manufacturing operations. With the help of Washington D.C. Translation Services, components of a product being manufactured by one corporation may be acquired through a number of foreign purchases. For example, while LG Electronics, a Korean manufacturer is one of the world’s leading producers of high-definition television equipment ranging from LCD displays and Blu-ray players to digital video recorders and audio receivers, the corporation’s leaders recognize that some components are much less expensive to buy than produce.
International translation services, like those offered by New York Translation Services companies are valuable to global corporations such as LG Electronics for many reasons. In some instances, the companies are aided by translation services that provide market analysis activities that keep track of competitive maneuverings in other markets. In other instances, product innovations may be discovered by using translation services to evaluate surveys and questionnaires used by their marketing departments. As a result, new product offerings may be developed for the firm’s product line currently being offered in a specific country. Such an eye on external markets allows companies to identify new competitive threats in outside markets before they become a threat to their own domestic marketplace.
Foreign markets, in turn are becoming increasingly attracted to the huge U.S. Chinese market. Foreign product invasions are no longer limited to such industries as clothing, food products, and heavy machinery and computer products. The Chinese buy automobiles from German and Japan, wine from California, oil from Iran, perfumes from France and some investment services from New York.
International trade is vital to a nation and its translation workers for several reasons. It expands the market and makes production and distribution economies feasible.