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Page 1

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Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara

International Trade ­ The exchange of goods and services across international
boundaries.
More revenue and profit.

The first and most obvious reason…

Page 2

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Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara

It is sometimes possible for an entire manufacturing process to be located in one
place, but often, inputs come from a range…

Page 3

Preview of page 3
Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara

Advances in transport and air travel have made it possible for business people to
move much more easily around the planet. It…

Page 4

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Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara




Increasing trade liberalisation.

Trade liberalisation ­ Refers to the process of limiting and reducing barriers to
trade so that economies ultimately move…

Page 5

Preview of page 5
Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara

E.g. ­ NAFTA, the North American Free Trade Area is a good example. It comprises
Canada, the USA and Mexico. It has…

Page 6

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Unit 3 ­ International Business
3.3.1 ­ Why Does a Business Seek International Markets?
Product or Market Conditions that may prompt a Business to trade Internationally
Roseanne Theyara

Increased competition provides incentives both to cut costs (enhancing productive
efficiency) and to meet customer needs more effectively (allocative efficiency).
× Getting…

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