alleryThe fundamental reason for international business is that countries cannot produce equally well or cheaply:
AOnly farm produce
BOnly heavy metals
CAll that they need
DAny goods at all
Answer & Solution
Correct answer: C. All that they need
1. Natural resources are unequally spread.
2. Productivity levels differ too.
3. So no country can produce everything cheaply.
_Source: syllabus Business Studies, Chapter 11, International Business._
Keep practising Sources of Business Finance & Small Business
Browse all Sources of Business Finance & Small Business questions for Karnataka PUC I, or explore more Business Studies topics.
Related questions
Credit extended by one trader to another for buying goods is:Excessive ploughing back of profits may cause dissatisfaction because shareholders get:Which is a merit of retained earnings?Profits kept back in the business instead of paid as dividend are:A limitation of internal sources of funds is that they:Suppliers, lenders and investors outside the firm are:Collecting receivables faster, selling surplus stock and ploughing back profit are exampleA burden of borrowed funds is that interest must be paid even when: