I will pay for the following essay Introduction to International Business Global Marketing. The essay is to be 4 pages with three to five sources, with in-text citations and a reference page.
Furthermore, as the retail market of China is growing rapidly just as United States, so, the organization of Wal-Mart desired to penetrate Chinese Markets (Yates, 2013).
The Chinese retail market is recognized as one of the most growing market, with estimated revenues of $ 860 billion in the year 2006. Moreover, it is estimated that the retail revenue of the Chinese market might increase to $ 2.4 trillion by 2020. This estimated attracted the world’s leading retailer, Wal-Mart to penetrate into the market of China as compared to others. However, it had to face wide range of challenges or risks at the time of penetration or expansion. These are stated as below.