Question

When should a firm consider expanding from strictly domestic trade to international trade? What factors might affect the firm's decision?
Select and discuss ONE of the ten factors below in depth:


1. Cultural Barriers


2. Tariffs


3. Exporting/Importing


4. Competition


5. Price


6. Laws/Regulations


7. Risk


8. Capital


9. Marketing


10. Joint Ventures

Answer 1

Answer:

Tarrifs

Explanation:

a tax or duty to be paid on a particular class of imports or exports.