Based on international trade activities, the factors a country needs to consider when trading goods or services with other countries include but are not limited to the following: Exchange rates, competitiveness, growing globalization, tariffs and trade barriers, etc.
What is International trade?
International trade is a term that is used to describe the exchange of capital, goods, and services between different countries across international borders or territories.
Due to the complexities and policies that are involved in international trade countries intending to enter into international trade should consider some of these factors:
- Exchange rates: this will help them to know the amount they will be paying or collecting concerning their account.
- Competitiveness: this will help them to know if they are selling to the right buyers or their competitors.
- Growing globalization: this will help them determine where they need to improve in international trade.
- Tariffs and trade barriers: this will assist them to know the challenges and opportunities available in buying and selling their goods to other countries.
Hence, in this case, it is concluded that the correct answer is "Exchange rates, competitiveness, growing globalization, etc."
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