The Five Tiers of Internationalization in MNCs

question 30

Multiple Choice

The five tiers of internationalization in MNCs:

• A) state a common method to enter foreign market in five stages.
• B) represent alternate ways to extend business activity into foreign markets.
• C) explain a common method to enter the domestic market in stages.
• D) represent ways to expand business in the domestic market.

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Definitions:

Conditional Probabilities

The possibility of an event occurring on the basis that another particular event has taken place already.

Conditional Probability

The probability that an event will happen after another specific event has already taken place.

Probability Tree

A diagram that helps in visualizing and calculating the probabilities of complex, multistep events.

Certification Test

A formal examination that, upon successful completion, certifies an individual's knowledge or skills in a particular area or profession.