Institutional development of services by business and government has aided the expansion of international business by ________.
A) providing a universally agreed upon language for conducting international transactions
B) removing immigration restrictions so that global firms can move personnel easily
C) developing means to ease the flow of goods among countries
D) spurring competition among domestic producers

Question

Quizplus · Accepted Answer

The development of services by business and government, such as trade agreements and transportation infrastructure, has aided the expansion of international business by facilitating the ease of flow of goods among countries, making international trade and commerce more accessible and less costly. Providing a universally agreed upon language for conducting international transactions and removing immigration restrictions may aid international business, but they are not directly related to institutional development of services. The spurring of competition among domestic producers may actually hinder the expansion of international business by making it more difficult for foreign companies to enter the market.

Institutional Development of Services by Business and Government Has Aided