Which of the following is an advantage to engaging in business globally?
A) Businesses have entirely new markets in which to sell their products
B) The cost of labor is higher overseas
C) There are cultural challenges in international business
D) All of the responses are correct

Question

Quizplus · Accepted Answer

Engaging in business globally opens up new markets for a business, which can increase revenue and profits. This is because businesses can reach customers in other countries who may have different needs or preferences than in their home market.

Answer: B and C are incorrect choices 
 The cost of labor is not necessarily higher overseas, as it depends on the specific country and industry. Additionally, while there may be cultural challenges in international business, this is not necessarily an advantage to engaging in business globally.

Which of the Following Is an Advantage to Engaging in Business