Mindtap Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
4th Edition
ISBN: 9781285773520
Author: Pride/Hughes/Kapoor
Publisher: Cengage Learning
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Question
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
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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Chapter 3 Solutions
Mindtap Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
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