Asked by Larry Egerton on Jul 17, 2024
Verified
Businesses expand their operations to the international marketplace in order to increase profits and gain access to customers, suppliers, capital, and labour.
International Marketplace
A global economic environment where goods, services, and capital move across borders, allowing for the exchange and consumption beyond local and national markets.
Capital
Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.
- Recognize the reasons why businesses expand into international markets.
Verified Answer
RE
Rebecca EdlerJul 20, 2024
Final Answer :
True
Explanation :
This statement is true. Businesses often expand internationally in order to tap into new markets and gain access to resources and opportunities not available in their home country. This can lead to increased profits and growth opportunities.
Learning Objectives
- Recognize the reasons why businesses expand into international markets.