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Why there is a need of international business

Posted by Shivam Jain 5 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years, 10 months ago

Following are the main reasons behind international business.

1. Unequal distribution of natural resources and differences in the productivity levels of the countries make them incapable of producing every good of their requirement.

2. Labour productivity and production costs differ among nations due to socioeconomic, geographical and political reasons.

3. The availability of different factors of production such as labour, capital and raw materials differ among nations.

1Thank You

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CBSE > Class 11 > Business Studies

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CBSE > Class 11 > Business Studies

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CBSE > Class 11 > Business Studies

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Posted by Sanya Miglani 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies