18. Explain one reason why a business might become a multi-national rather than a national business. [3]

Ch 1 Enterprise
IsmailMansur21
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]

Post by IsmailMansur21 »

[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.
Hamna Zia
Corporate Commander
Posts: 56
Joined: Mon Oct 23, 2023 1:37 pm
Been thanked: 1 time

Re: Explain one reason why a business might become a multi-national rather than a national business. [3]

Post by Hamna Zia »

[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.
Post Reply

Return to “Ch 1 Enterprise”