Why have U.S. firms become increasingly focused on international business?

Question

Quizplus · Accepted Answer

The Answer is In the past, most American firms felt that the huge U.S. domestic market was all they needed. Today, the domestic market is open to foreign firms, and American consumers seem to favor imported goods over domestic goods in many markets. On the other side, many American firms have found that foreign markets represent a major opportunity for expanding their markets. Many well-known American firms derive more than half their sales and/or profits from foreign markets. Another benefit of these expanded markets is the possibility of enjoying economies of scale in production and marketing.

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