Business Basics - Competitive Advantages and Challenges of International Trade

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The writer presents a paper in two section outline basic concepts in business. The first section examines the concept of competitive advantage and how it may be gained. The second section examines why firms undertake international trade problems that may be faced by firms undertaking international trade and the difficulties or risks that are associated with it, and some of the strategies that may be used to reduce the risk. Eight sources are cited in the bibliography of this none page paper.