which of the following is a reason for internationalization

which of the following is a reason for internationalization

to encourage the growth of competition in the home market

to stay closer to supply sources

to seek opportunitites for growth through market concentration

to share the technology developed with other countries

to seek opportunities to minimize localization

Solution

the reason for internationalization is to encourage the growth of competition in the home market.

Through internationalization of trade, a customer in Bangladesh can have products made in USA, Japan, Germany. As a result of internationalization, the market contains greater competition and therefore more competitive prices. This benefits the customer.

In the absence of internationalization in an economy, the economy is said to be a closed economy and there are inefficiencies in that economy. Consumers end up paying higher prices for sub standard products.