Answer to Question #230750 in Macroeconomics for Vadin

Question

How does exports and imports can benefit a company like Volkswagen in relation to resources

Answer 1

Exports and imports can be quite beneficial to a firm like Volkswagen. When a corporation imports items from various countries, new products are introduced to the company, which aid in the creation of its products. Some raw materials may not be available in the country, thus importing them may be the best alternative. Exporting their goods could merely assist them in making money.