Global Expansion

question 14

Multiple Choice

Global expansion

• A) is feasible only for large companies.
• B) can enable companies to increase their profitability and grow their profits more rapidly.
• C) allows domestic companies in the mature stage of the industry life cycle to maintain profits but not to increase them.
• D) requires locating facilities in foreign countries.
• E) makes sense for manufacturing firms but not for service firms.

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Definitions:

Digital Native

A person born or brought up during the age of digital technology and therefore familiar with computers and the internet from an early age.

Traditional Media

Describes conventional forms of mass communication, such as newspapers, television, and radio, that have existed prior to the digital age.

Social Media

Online platforms that allow users to create and share content or participate in social networking, including websites like Facebook, Twitter, and Instagram.

Synchronous Interaction

Communication or activities that happen in real-time, allowing participants to engage simultaneously.