[KN]: A multinational business can easily gain access to economies of scale due to their large scale of production.
[AN]: This would help the business to lower their average costs and sell their products and services at low prices.
[AN+] This would lead to gaining competitive advantage over other businesses and thus, increased sales.
18. Explain one reason why a business might become a multi-national rather than a national business. [3]
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- Wealth Wizard
- Posts: 12
- Joined: Mon Oct 23, 2023 6:28 am
Re: Explain one reason why a business might become a multi-national rather than a national business. [3]
[KN]By expanding internationally, a business can gain access to significantly larger markets than it would have in a single nation.
[AN]International markets offer the potential for increased sales and revenue.
[AN+]Which can help the business achieve greater economies of scale and profitability.
[AN]International markets offer the potential for increased sales and revenue.
[AN+]Which can help the business achieve greater economies of scale and profitability.