Question

3. Discuss the three major trends that have prevailed in international business .

Answer 1

Penny Post in the century provided the necessary conditions for rapid growth in mail order services. In hit upon a unique method of selling his wares. He distributed catalogues of his wares across the country, allowing people to choose the items they wished and order them via post; he would then dispatch the goods to the customer via the railways. It was an ideal way of meeting the needs of customers in isolated rural locations who were either too busy or unable to get into Newtown to shop directly. This was the world's first mail order business, an idea which would change the nature of retail in the coming century.