Answer to Question #228868 in Macroeconomics for Fortune

Question

Explain how exports and imports can benefit a company like Volkswagen in relation to resources and capital

Answer 1

Exports and imports may be quite beneficial to a firm like Volkswagen. When a firm imports items from other nations, new products are introduced to the company, which aid in the manufacture of its products. Some raw materials may not be available in the nation, therefore importing them may be the best alternative. Exporting their goods might merely assist them in making money. Volkswagen can also profit from importing skills from other nations that possess the required abilities. They might take use of this chance to train their workers in these abilities. They may also enhance their manufacturing line by importing new talents and raw materials from other nations and gaining new ideas.