Why do companies look beyond their domestic markets to expand?

Question

Quizplus · Accepted Answer

Companies look beyond their domestic markets to expand because of new market opportunities that may not be available in their home country. This allows for increased sales and revenue. Cost reduction opportunities and resource base control can also be factors, but they are not the primary reason for expanding internationally. Closeness to market is a benefit of domestic markets, but not a reason for expanding beyond them. Therefore, option B is the best choice.

Why Do Companies Look Beyond Their Domestic Markets to Expand