Explain how profits, productivity and diversification prompt firms to export.
Expert Answer
Export term in business define the activity to send the products and services from one country to another country. In the business, who is exporting the material is known as exporter.
Export of products depends upon the following factor. These factors can be defined as prompting factors
Diversification: – This term is based on the new product launching in different market i.e. other country market. Diversification brings the new challenges and analysis about the market. To invest in new market there will be requirement of export the product. Amount
OR
PayPal Gateway not configured
OR
PayPal Gateway not configured