Which of the following are the benefits of international trade to firms?
What benefits do firms derive by entering into international business?
International trade gives the following benefits:
1. Promotes territorial specialisation.
2. Way out for intense competition.
3. Employment generation.
4. Optimum utilisation of resources.
Identify the values involved in the above benefits of international trade.
One of the benefits of international trade is that it can offer prospects for higher profits.
What are the benefits a firm may derive by entering international business?