An early, initial stage of a company going international is called 'global sourcing', which means ________.
A)exporting its products to other countries
B)cross-culturally training its managers
C)hiring foreign brokers to represent the organisation's product line
D)sending domestic employees on regular foreign business trips
E)purchasing cheaper materials or labour from around the world

Question

Quizplus · Accepted Answer

Global sourcing refers to the practice of purchasing materials, components or labor from around the world in order to take advantage of cheaper prices or higher quality. This is an early, initial stage of a company going international, as it involves some level of involvement in global markets, but doesn't necessarily require exporting products or establishing a physical presence in other countries.

An Early, Initial Stage of a Company Going International Is