Question

firm that operates internationally is able to​

Answer 1

Answer:

Firms that operate internationally are able to reduce the costs of value creation because they realize greater cost economies from experience effects by serving an expanded global market from a central location.

Answer 2

Firm that operates internationally is able to​ achieve higher profits.

Explanation:

It is not easy to work internationally varied factors such as background, laws, consumer taste and preference should keep in mind.

Ways to enter into the international market:

• Exporting: It means direct selling of the product and services.
• Licensing: The company of the other country receives the license to sell your product and services
• Franchising: It is like allow another company to follow rules and regulations.
• Joint venture
• Foreign Direct Investment
• Piggybacking
• Wholly owned subsidiary

It is like one time strategic decision. Multiple things keep in  mind before considering the option.