An Organization Going Global Typically Proceeds Through Three Stages

question 32

Multiple Choice

An organization going global typically proceeds through three stages. In Stage I,

• A)the organization hires host country nationals.
• B)the organization sells products in foreign countries or makes them in foreign factories.
• C)managers export products to foreign countries.
• D)the organization signs a licensing or franchise agreement.

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Definitions:

High-Wage Nation

A country where the average salary and wages are significantly higher than the global average.

Compete Effectively

The ability of a company or entity to develop and implement strategies that secure an advantage over its competitors in a market.

Low-Opportunity Cost Producer

An individual or company that can produce goods or services at a lower opportunity cost than competitors.

High Opportunity Cost

The significant loss of potential gain from other alternatives when one option is chosen.