International income is vital for several reasons:
Diversification: By generating income from multiple countries, businesses can diversify their revenue streams and mitigate risks associated with economic downturns in any single market. Growth Opportunities: Emerging markets often offer higher growth potential compared to saturated domestic markets, providing businesses with opportunities to scale and increase their market share. Competitive Advantage: Companies that successfully manage international income can gain a competitive edge by leveraging global resources, technologies, and talent.