Final answer:
A company prioritizing exports typically uses an established in-house organization to handle export responsibilities, benefiting from economies of scale and competition while aligning with business strategies.
Step-by-step explanation:
A company that assigns high priority to its export business will probably use an established in-house organization for handling export responsibilities. This approach allows the company to maintain control over the export process, ensure compliance with international trade laws, and align export activities with overall business strategies. Having an in-house team dedicated to exports enables the company to focus on building long-term relationships with foreign buyers and understand the specific requirements of overseas markets.
Businesses involved in international trade can benefit from economies of scale by expanding their market reach, which allows for increased production and potential cost savings. Additionally, competition and product variety from multiple producers can lead to innovation, improved quality, and better prices for consumers.
It's notable that certain concerns, such as environmental standards and national security, can lead governments to restrict imports of foreign products. However, the overall impact of international trade involves a complex interplay of economic benefits and strategic national interests.