Firms engage in international operations because they can benefit from

Question

Quizplus · Accepted Answer

Firms engage in international operations because they can benefit from competitive labor prices, cheap resources, and enormous market opportunities. These factors can lead to cost savings, increased revenue, and access to new customers and markets. While some countries may have lax regulations, low taxes, and few laws, these are not the primary drivers of international operations. Similarly, seeking out unsophisticated employees and customers is not a common or ethical practice in international business.

Firms Engage in International Operations Because They Can Benefit from