Question

Identify 3 advantages of exporting?

Identify 3 advantages of exporting?

Homework Answers

Answer #1

Here are 3 benefits of exporting

  • The companies get new market and new opportunities and do not depend only on 1 market.
  • If companies are sending their product to foreign market then definitely they will increase the production. Increased production means lowering the per unit cost. This is called economies of scale. So exporting helps in giving economies of scale.
  • The companies which sell their product seasonally may get new market for a new season. For an example American companies which manufacture decorative lights for Christmas may send their product to India for Dewwali. For them their off season will convert into peak season.
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