Complete Question:
What advantages can Kim Ping expect if she decides to export her ducks to Morocco? Check all that apply.
- Foreign importers will pay manufacturing costs, allowing Kim Ping to offer her ducks at a more competitive price.
- Kim Prin will have better control over how her products are made than she will have with other forms of globalization.
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
- Kim Ping's ducks will cost less because of reduced tariffs, making her more competitive.
Answer:
-The market for Kim Ping's toys will expand, making it less dependent on her home market.
Explanation:
Kim Ping's globalization efforts will help it to enjoy expanded markets. Expansion into foreign markets makes firms less dependent on their home markets. They can produce more goods at less costs because of the advantage of large scale production that becomes possible with expanded markets. As Kim Ping expands into the global market it becomes more efficient because it reviews its production systems to suit the global market. The expansion of Kim Ping into Morocco will also benefit the local market as consumers have expanded choices.
