BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is a statement that a firm should expand its activities to foreign markets?
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Limited worldwide experience at the organization
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Firm engages in non-global business
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There is a lot of push for global competition
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firm’s position in the home market is precarious
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Explanation:
Detailed explanation-1: -Expanding abroad gives you access to new customers and in a market where your competitors do not operate. One of the reasons why businesses expand globally is to be able to provide a reliable service to their international clients. A good global reputation will attract new customers.
Detailed explanation-2: -Exporting. Exporting is a typically the easiest way to enter an international market, and therefore most firms begin their international expansion using this model of entry. Exporting is the sale of products and services in foreign countries that are sourced from the home country.
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