What are the basic benefits that firms get in effectively using international strategies?

Factors of production define the relative availability of resources like land, labor and capitalin the particular country.Demand conditions define the demand for the particular product manufactured by the firm inthat country. Related and supporting industries define the allied industries that aid the growthof the main industry. For example, the automobile industry to flourish in a particular arearequires the presence of the various component manufacturers with-in a short radius from themanufacturing hub so the transportation and otherrelated costs can be brought down.Firm strategy, structure and rivalry defines the amount of competitiveness in the particularindustry, the structure of the industry and the strategy used by the firm in order to captureenough market share.10.What are the three-international corporate-level strategies? What are theadvantages and disadvantages associated with these individual strategies?

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-What incentives influence firms to use international strategies?

What are the three basic benefits firms can gain by successfully implementing an international strategy? Why?
-Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response.
-As firms attempt to internationalize, they may be tempted to locate their facilities where business regulation laws are lax. Discuss the advantages and potential risks of such an approach, using specific examples to support your response.

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