Author Question: Describe three reasons why international business is important.[br][br][b][color=#566D7E]Question ... (Read 156 times)

rl · **on:** Jun 24, 2018

Describe three reasons why international business is important.

Question 2

How does the level of technology in a country affect its economic condition?

dudman123 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

Answers should include three of the following points: (1) to allow consumers to buy products that are only available from other countries; (2) to expand business opportunities beyond domestic markets; (3) to create new investment opportunities for investors; (4) to improve political relations between countries through mutual understanding, communication, and respect among people in other nations.

Answer to Question 2

The level of technology affects a country's ability to both produce and distribute goods and services; lower levels of technology decrease the ability to produce and distribute goods and services.