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Companies engage in international business in order to: (Select all that apply) Become more dependent on...

Companies engage in international business in order to: (Select all that apply)

Become more dependent on suppliers in a particular market so there are less disruptions in production stoppages.

Reduce the effects of market swings.

Expand sales, acquire resources, or minimize competitive risks for defensive reasons.

Seek products, services, resources and components that are inadequate domestically.

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Answer #1

Correct options:

  • Reduce the effects of market swings.
  • Expand sales, acquire resources, or minimize competitive risks for defensive reasons.
  • Seek products, services, resources and components that are inadequate domestically

Explanation: International business helps a firm reduce its dependence on a single market. It also helps a firm get access to more resources, products, services, components, etc. to operate in a better way.

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