Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
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Chapter 3, Problem 1CC
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.

Expert Solution & Answer
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Explanation of Solution

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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