Which of the Following Is a Common First Step in Expanding

question 72

Multiple Choice

Which of the following is a common first step in expanding globally by using non-equity business approaches?

• A) Creating a joint venture between two partners who share ownership and risk in the financial investment
• B) Acquiring a controlling ownership interest in a business in another country
• C) Merging two companies that offer similar products to create a new business entity
• D) Importing and exporting goods and services to customers outside of the home country

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Definitions:

Professional Successes

Achievements and advancements in one's career or professional life, often measured by promotions, recognition, and accomplishments in a field.

Reference Group

A social group that serves as a point of reference in making evaluations or decisions.

Individuals

Refers to single human beings, as opposed to groups or collectives, highlighting the unique characteristics and experiences of each person.

Own Accomplishments

The achievements or successes that an individual personally attains through their efforts, skills, or talents.