Small Firms Often Go Abroad to Follow Their Large Counterparts

question 76

True/False

Small firms often go abroad to follow their large counterparts as suppliers.
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Definitions:

Business Form

The legal structure of a company, such as sole proprietorship, partnership, or corporation, which determines liability and tax obligations.

Income

Earnings received by an individual or organization, often measured as net or gross, including wages, investment returns, and other sources.

Wealth

The total value of all financial and non-financial assets owned by an individual, community, company, or country, minus any liabilities.

Corporate Form

A legal structure of organization designated to conduct business, which can limit the liability of shareholders and associates with various tax rules.