International trade influences business competitiveness from "summary" of Macroeconomics for Business by Lawrence S. Davidson,Andreas Hauskrecht,Jürgen von Hagen
The global marketplace is a dynamic environment where businesses must navigate various factors to maintain their competitiveness. One key factor that plays a significant role in shaping business competitiveness is international trade. When businesses engage in international trade, they are exposed to a wider range of opportunities and challenges that can impact their ability to compete effectively. By participating in international trade, businesses can access new markets and customer bases that may not be available domestically. This can help businesses expand their operations and increase their revenue streams. Additionally, international trade allows businesses to benefit from economies of scale and specialization, which can lead to cost efficienc...
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