Cherry is a smartphone manufacturing company based in India. The sales of Cherry phones are declining because of intense competition from similar products in the market. Cherry decides to pursue global opportunities by opening marketing and sales offices in Indonesia, Malaysia, and the Philippines. With this move, the company hopes to reduce investment risk and achieve stable sales. Which of the following is most likely the reason for Cherry's decision to pursue global expansion?

Question

Quizplus · Accepted Answer

Cherry's sales are declining due to intense competition in its domestic market. By pursuing global opportunities, the company is trying to reduce its dependence on the current market and expand its customer base, thus reducing investment risk and achieving stable sales. Option B, C, and D are not relevant to Cherry's decision to pursue global expansion.

Cherry Is a Smartphone Manufacturing Company Based in India