International Business (Unit 3) - Reasons to trade internationally

?

International Business: When a business has transactions that involve the exchange of goods and services in more than one country.

  •  Businesses that trade internationally are known as multinationals

Reasons to trade internationally:

  • Overcome domestic limitations
  • Extend product life cycle
  • Higher potential for sales
  • Benefit from global sourcing
  • Achieve business objectives

  (http://t0.gstatic.com/images?q=tbn:ANd9GcQPXNyrTxyS05U4l4bhhmvaBUQIF6trlLN3U-UdUs5eG888jpc8Zw:liveseysolar.com/wp-content/uploads/2011/08/Product_Life_Cycle.png)

Domestic Limitations:

Trading in…

Comments

No comments have yet been made