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Which of the following NOT a reason firms are expanding their supply bases to include foreign suppliers? a. Overseas supplier holding the patent to the product b. Lower product cost c. Lower shipping rates due to lower tariffs d. Better product quality

Sagot :

The reason for not expanding supply basses to foreign suppliers is lower shipping rates due to lower tariffs.

What is import?

Import is when a good or service is brought into a country from a foreign country. Import reduces the value of the gross domestic product of the country that imports. An example of import is when a person living in the US buys shoes from Italy.

Reasons for import

  • It might be cheaper to import the good because the country exporting the good has a comparative advantage in the production of the good.
  • The imported good could be of a better quality.
  • The overseas supplier might hold a patent for the good.

To learn more about imports, please check: https://brainly.com/question/26428996

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