Discuss any three advantages of international business.
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*Huge operations
In international business is always conducted on a huge scale and not small because the goods need to be first supplied in the local markets and them sent or exported in global markets.
*Good competition
Though the developed economies dominate the global market even they have the fear of competition.
*Promotes technology and science
Because the developed economies use both science and technology to enhance and add value to their products and services they expect the same quality when they outsource their business to the developing countries they also educate them about the techniques, their technology and the science used for the goods and services manufactured by them.
In international business is always conducted on a huge scale and not small because the goods need to be first supplied in the local markets and them sent or exported in global markets.
*Good competition
Though the developed economies dominate the global market even they have the fear of competition.
*Promotes technology and science
Because the developed economies use both science and technology to enhance and add value to their products and services they expect the same quality when they outsource their business to the developing countries they also educate them about the techniques, their technology and the science used for the goods and services manufactured by them.
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