What benefits do firms derive by entering into international markets?
Dear student,
The firms derive following benefits by entering into international markets:
1. It provides opportunities to earn more profits by entering into global markets and taking advantage of price difference between different countries.
2. Doing international business enables large scale production which brings economies of scale.
3. It help firms to avoid high domestic competition and earn greater profits.
4. It provides incentive to diversify products.
5. It improves growth prospect by producing for a large consumer base.
Regards
The firms derive following benefits by entering into international markets:
1. It provides opportunities to earn more profits by entering into global markets and taking advantage of price difference between different countries.
2. Doing international business enables large scale production which brings economies of scale.
3. It help firms to avoid high domestic competition and earn greater profits.
4. It provides incentive to diversify products.
5. It improves growth prospect by producing for a large consumer base.
Regards