________ Refers to the Tendency of Firms to Extend Their

question 18

Multiple Choice

________ refers to the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad.

• A) Market development
• B) Globalization
• C) Export growth
• D) Diversification

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Definitions:

Faith and Trust

The belief in the reliability, truth, or strength of someone or something without requiring proof.

No Liability

A legal status indicating that an individual or entity is not responsible for certain actions or debts.

Domestic Corporation

A corporation created by or organized under the laws of the state where it is operating.

Principal Office

The main executive office of a business where key administrative and leadership activities are conducted.