The favorable trade policy of Creasio enables the nation's firms to engage in foreign trade extensively.The policy also allows a number of foreign companies to invest in the nation without any trade barriers.Maintaining a proper balance between exports and imports of the nation has led to a positive balance of trade.As a result,the global operations of firms in Creasio are strong.The favorable trade policy relates to which of the following external factors?

Question

Quizplus · Accepted Answer

Environmental factors include improving communications, favorable government policies, and the increasing speed of technological change. The environmental factors such as favorable government polices of Creasio determine the success of global operations in the nation.

The Favorable Trade Policy of Creasio Enables the Nation's Firms