- 1 Marks
Question
Which of the following is a benefit derivable through international business?
A. Economies of scale
B. Low profit
C. High cost
D. Short supply of goods and services
E. Insufficient capital accumulation
Answer
A. Economies of scale
Explanation: Engaging in international business allows companies to achieve economies of scale, which can lower production costs and increase efficiency. The other options represent potential challenges rather than benefits.
- Tags: Benefits, International business
- Level: Level 1
- Topic: The Business Environment
- Series: MAY 2018
- Uploader: Theophilus