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Foundations of Business 6th Edition

Foundations of Business (6th Edition)

Book Edition6th Edition
Author(s)Hughes, Pride
PublisherCengage Learning
Section 3-1: The Basis for International Business
In-Text Question
Section 3-2: Methods of Entering International Business
Section 3-3: Restrictions to International Business
Section 3-4: The Extent of International Business
Section 3-5: International Trade Agreements
Section 3-6: Sources of Export Assistance
Concept Check
Section 3-7: Financing International Business
Chapter 3, Section 3-1, Concept Check, Exercise 01
Page 69

Why do firms engage in international trade?


  1. To Expand Sales

-penetrating wider marker result to greater sales.

  1. Acquire Resources

-The developing and emerging countries have large deposits of minerals, metals and land for agricultural production.

  1. Minimize Risk

-Often, businesses expand internationally to offset the risk of stagnating growth in their home country as well as in other countries where they are operating

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