Small Companies That Have Expanded Successfully into Foreign Markets Tend

question 10

Multiple Choice

Small companies that have expanded successfully into foreign markets tend to rely on all but which of the following strategies?

• A)Research foreign markets thoroughly.
• B)Focus on many countries initially.
• C)Utilize government resources designed to help small companies establish an international presence.
• D)Forge alliances with local partners.

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Definitions:

Baht

The currency of Thailand, symbolized as ฿ and used in financial transactions within the country.

U.S. Currency

The system of money in general use in the United States, including coins and paper notes issued by the government.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs representing resources or other constraints.

Specialization and Trade

The practice where individuals or entities focus on the production of specific goods or services to trade for others, increasing efficiency and consumer choice.