International Business (Unit 3) - Reasons to trade internationally

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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

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Domestic Limitations:

Trading in…

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