Question

what is the international trade? explain benefits to the business firm's​

Answer 1

Answer:

International trade allows countries to expand their markets for both goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive which results in more competitive pricing which brings a cheaper product home to the consumer.

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Answer 2

Hello !

International trade allows countries to expand their markets for both goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive which results in more competitive pricing which brings a cheaper product home to the consumer.

A business benefit is a tangible outcome of an action or decision that helps meet business objectives. That definition serves well for many business planning, decision support, and other analysis needs.

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