Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following is NOT a benefit of international business?
Which of the following is NOT a benefit of international business?
- Access to cheaper resources
- Increased competition in the domestic market (correct)
- Diversification of risk
- Increased market size
What is the primary reason for companies to engage in international business?
What is the primary reason for companies to engage in international business?
- To increase their market size (correct)
- To reduce their tax liabilities
- To reduce their production costs
- To establish a monopoly
Which of the following is NOT a common form of international business?
Which of the following is NOT a common form of international business?
- Franchising
- Exporting
- Licensing
- Insourcing (correct)
Flashcards are hidden until you start studying
Study Notes
International Business
- International business provides various benefits, such as increased sales, lower production costs, and access to new markets, customers, and resources.
- The primary reason for companies to engage in international business is to increase their sales and revenue by expanding into new markets.
Forms of International Business
- Common forms of international business include importing, exporting, licensing, franchising, and foreign direct investment.
- However, countertrade is NOT a common form of international business.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
