Asked by Melissa Borrero on May 08, 2024
Verified
____ is not one of the stages of the internationalization process.
A) A joint venture
B) Bilateral cooperation
C) Local assembly and packaging
D) Exporting
E) Direct foreign investment
Internationalization Process
The practice of designing products, services, and internal operations to facilitate expansion into international markets.
Bilateral Cooperation
A collaborative agreement or relationship between two countries aiming to achieve common goals or address mutual concerns.
- Determine and order the phases of the globalization process for enterprises.
Verified Answer
MB
marny botrosMay 09, 2024
Final Answer :
B
Explanation :
The stages of the internationalization process are exporting, local assembly and packaging, creating a joint venture, direct foreign investment, and establishing a fully-owned subsidiary. Bilateral cooperation is not considered a stage in the process.
Learning Objectives
- Determine and order the phases of the globalization process for enterprises.