International trade is it good business?
International trade is it good business?
Pros
- increases sales & profits
- lower cost of goods
- competitive advantage
- market expansion
- spreads business risk
Cons
- foreign currency fluctuations
- higher risk of non payment
- cultural differences
- communication problems
- loss of local producers
These are the Pros and Cons have. what do you think is it good business?
Puvikaran Changed status to publish June 22, 2021