Which of the following is a common reason for doing international business?
A) Reducing imports
B) Accessing lower-cost labor
C) Boosting domestic demand
D) Establishing market monopoly
E) Promoting ethnocentrism

Question

Quizplus · Accepted Answer

Accessing lower-cost labor is a common reason for doing international business as it allows companies to reduce their labor costs and increase their profit margins. This is especially true for labor-intensive industries such as manufacturing and textiles. The international business also helps companies to tap into new markets and diversify their customer base, therefore, increasing their revenue streams.

Which of the Following Is a Common Reason for Doing