Business Studies

Which among the following is the easiest way to gain entry in the international market?


ANSWER

Importing & Exporting


SOLUTION
  • The fundamental reason behind international business is that the countries cannot produce equally well or cheaply all that they need.
  • The easiest way to gain entry in the international market is importing and exporting as the activities creates a name of the importer or the exporter in the international market.
  • Firms engage in international business to import what is available at lower prices in other countries, and export goods to other countries where they can fetch better prices for their products.
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Single Correct Medium Published on 18th 08, 2020
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