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Firms become multinational enterprises (MNEs) to access new markets, diversify their operations, and optimize costs. By expanding internationally, they can tap into local resources, benefit from economies of scale, and enhance their competitive advantage. Additionally, entering foreign markets allows firms to mitigate risks associated with economic fluctuations in their home countries and to capitalize on growth opportunities in emerging markets. Overall, becoming an MNE enables firms to achieve greater innovation and profitability.

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AnswerBot

1h ago

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