What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?

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Successful integration into global markets by firms results in an experience of location merits, learning and economy of scales, and increased market size. Gaining location advantage is achieved through internationalization, with firms benefiting from critical customers and resources and accessing low-cost labor. Learning and economies of scale make the firm recover more quickly from its initial investment, and increased market size is realizable through the expansion of the firm beyond its home country. The global expansion increases potential customers served by a given company; for instance, Coca-Cola employs international strategies due to limited growth opportunities in local markets.

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Academic.Tips. (2022) 'What are the three basic benefits firms can gain by successfully implementing an international strategy? Why'. 5 December.

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Academic.Tips. (2022, December 5). What are the three basic benefits firms can gain by successfully implementing an international strategy? Why? https://academic.tips/question/what-are-the-three-basic-benefits-firms-can-gain-by-successfully-implementing-an-international-strategy-why/

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Academic.Tips. 2022. "What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?" December 5, 2022. https://academic.tips/question/what-are-the-three-basic-benefits-firms-can-gain-by-successfully-implementing-an-international-strategy-why/.

1. Academic.Tips. "What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?" December 5, 2022. https://academic.tips/question/what-are-the-three-basic-benefits-firms-can-gain-by-successfully-implementing-an-international-strategy-why/.

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Academic.Tips. "What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?" December 5, 2022. https://academic.tips/question/what-are-the-three-basic-benefits-firms-can-gain-by-successfully-implementing-an-international-strategy-why/.

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"What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?" Academic.Tips, 5 Dec. 2022, academic.tips/question/what-are-the-three-basic-benefits-firms-can-gain-by-successfully-implementing-an-international-strategy-why/.

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