A major benefit of having markets in overseas countries for a business is:YOUR ANSWERYour Answerthe increase in the costs of productionthe opportunity for its customers to buy the product when travelling overseas.an additional revenue stream.it keeps costs down.
Question
A major benefit of having markets in overseas countries for a business is:YOUR ANSWERYour Answerthe increase in the costs of productionthe opportunity for its customers to buy the product when travelling overseas.an additional revenue stream.it keeps costs down.
Solution
A major benefit of having markets in overseas countries for a business is an additional revenue stream. This is because expanding to international markets opens up a new customer base, increasing sales and profits. It also diversifies the business's revenue, reducing dependence on the domestic market and potentially stabilizing the business against local economic downturns.
Similar Questions
which of the following is a benefit of international trade
International trade makes markets more competitive.
Why is an understanding of overseas competition important for financial viability in global markets?
All are advantages of foreign trade EXCEPT: People get foreign exchange Nations compete Cheaper goods Optimum utilization of country's resources
2) Companies expand and enter international markets to gain market share, maintain a sustainable competitive advantage over rivals and competitors, invest in research and development along with new product introduction, and alleviate the effects of intense competition and saturation faced in their home markets
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