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:

Government Regulation

The act of controlling business behavior through rules or laws, enacted to protect public interest.

Cooperative Factories

Manufacturing establishments run by a collective group of workers who share the profits and management responsibilities.

Seventeenth Amendment

An amendment to the U.S. Constitution, ratified in 1913, that established the direct election of U.S. senators by popular vote, replacing their previous selection by state legislatures.

Direct Election

A system of choosing political officials where voters directly cast ballots for the persons or party candidates they desire to see in office, without the intervention of electors or intermediaries.