What is one major goal of international business?

One major goal of international business is to increase global market access. This involves expanding a company’s reach beyond its domestic borders to tap into new markets, which can lead to higher sales, increased profits, and a more diversified customer base. By entering international markets, businesses can leverage different economic conditions, consumer preferences, and competitive environments. This goal promotes growth and sustainability for companies by allowing them to take advantage of various global opportunities and resources.

While fostering environment-related regulations and building corporate monopolies might pertain to specific strategies or outcomes within certain industries, they do not capture the primary objective of pursuing international business as a whole. The avoidance of international collaboration contradicts the essence of international business, which often thrives on partnerships and cooperative efforts across borders to succeed in diverse markets.