Ask Question
3 September, 21:48

Which of the following make up the three major objectives that underlie the reasons for engaging in international business? Expandingsales, acquiringresources, and reducing risk

+1
Answers (1)
  1. 3 September, 21:52
    0
    Expanding sales: expanding globally will increase total revenue, since more than 90% of the world's population lives outside the US. Acquiring resources: cheap raw materials and cheap labor are abundant in foreign countries, and US firms have excess capital to invest. Reducing risk: Companies are less vulnerable to periodic fluctuations in the American economic cycle, it is similar to diversification in the stock market, if you only invest in one market you are putting all your eggs in one basket.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following make up the three major objectives that underlie the reasons for engaging in international business? Expandingsales, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers