WayToGrow Inc

question 79

Multiple Choice

WayToGrow Inc. is one of the most popular brand of toys in its home market. The company decides to expand its business abroad and its board of directors feel that instead of trying to establish its presence all at once in multiple markets, it is better to expand one country at a time. This would limit their risk and allow them to analyze customer response, after which they could expand to other similar countries. WayToGrow is following a ________.

• A) shotgun approach
• B) continuous approach
• C) born global approach
• D) sprinkler approach
• E) waterfall approach

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Definitions:

Stakeholders

Individuals or groups that have an interest or concern in an organization, project, or decision, and can be affected by its outcomes.

Communication Model

A theoretical framework that describes the process of transferring information from a sender to a receiver, including the components and barriers involved.

Interactive

Involving communication or direct involvement with someone or something.

Conversational

A style of communication that is informal and natural, resembling a dialogue between people.