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Why is international business important for a country's economy?Going international greatly benefits any business.
seeing a significant increase in revenues, having a longer product lifespan, benefiting from currency exchange fluctuations, and. gaining access to a greater talent pool from which you can employ.
Why are service providing industries growing more rapidly than good producing industries?Rising Demand for Services
A sector of the economy becoming less concerned about material needs. In the consumer sector, this leads to increasing demand for services such as health, education and entertainment. In business, companies recognize that many activities can be handled more efficiently by a service provider.
What happens when companies are allowed to use a country's limited resources to make products that will be exported to some other nation?What happens when companies are allowed to use a country's limited resources to make products that will be exported to some other nation? - Products are shipped out of the home country, and foreign money flows into it.
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How does international business contribute to a better standard of living for many people in various countries quizlet?
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