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What is a benefit of having an international business that deals in goods?

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avde94 | Student, Undergraduate | Honors

Posted March 9, 2013 at 4:26 AM via web

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What is a benefit of having an international business that deals in goods?

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K.P.L. Hardison | College Teacher | eNotes Employee

Posted May 30, 2013 at 1:39 AM (Answer #1)

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A benefit to an international business that deals in goods relates to market. While the major disadvantage of dealing with goods internationally is transportation of goods and cost of transportation of goods to global markets, the benefit is that there is a vast global market for goods.

Goods are concrete, material objects, tangible objects that may be traded internationally between nations. Goods are opposite of intangible services that businesses may also trade internationally.

With the benefit of a large international market, the disadvantages adhering to international trade in goods may be off-set. For instance, the benefit of large sales revenue may off-set the disadvantage of transportation costs.

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