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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Why do firms engage in international trade?

Summary Introduction

To determine: The reasons on firms engaging in international trade.

Introduction: International trade is an arrangement of activities that plan to trade capital, merchandise, and services between foreign nations over their worldwide outskirts.

Explanation

The reasons on firms engaging in international trade are as follows:

The firms take part in international trade for a similar reason they participate in domestic exchange to extend their business and profits and to compete among other companies. A firm is occupied with global business when it gets some bit of this information shape, or trade some segment of its amount produced to a business situated in an outside nation.

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