Which of the following is a common reason for doing international business?

A) reducing imports
B) accessing lower-cost labour
C) boosting domestic demand
D) establishing market monopoly
E) promoting ethnocentrism

International Business

encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.

Lower-cost Labour

Employment of workers at relatively lower wages, usually in contexts where labor costs significantly impact production expenses.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others.