Asked by Abraham Fazliddinov on May 12, 2024
Verified
Global expansion often begins with
A) franchising.
B) exporting of goods.
C) joint ventures.
D) direct investment.
E) strategic alliances.
Global Expansion
The strategy of a business to enter and compete in international markets, broadening its geographic footprint and customer base.
Exporting Of Goods
The process of sending goods or products from one country to another for the purpose of selling.
- Examine and evaluate distinct worldwide entry tactics by considering their risk and management features.
Verified Answer
BS
Bhalwinder SinghMay 17, 2024
Final Answer :
B
Explanation :
Exporting of goods is typically the first step businesses take in their global expansion efforts because it allows them to enter new markets with a lower risk and investment compared to other strategies like franchising, joint ventures, direct investment, or forming strategic alliances.
Learning Objectives
- Examine and evaluate distinct worldwide entry tactics by considering their risk and management features.
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