Final answer:
When discussing global expansion, multinational companies should prioritize understanding and complying with trade policies and regulations of target markets. These policies influence access, sustainability, and economic impact, and are as crucial as geographical and other operational considerations.
Step-by-step explanation:
In the context of discussing global expansion for multinational companies like Be-Wiser, a key factor to consider is trade policies and regulations in target markets. These policies can have significant impacts on ease of access and development across borders, influencing the success of global market integration. Considering both environmental and economic aspects of trade policies help multinational companies navigate and comply with regulations, thereby fostering sustainable development and contributing to global economic recovery.
Moreover, governments design trade policies to protect national interests, which could include business growth, job creation, or national security. Thus, it is imperative for companies to thoroughly understand the demand and supply model of international trade and factor in geographical insights, as well as other considerations such as labor costs, proximity to suppliers and customers, quality of infrastructure, tax levels, and local governmental efficiency, when planning their expansion.