Global expansion:
A) is feasible only for non-technology-based companies.
B) can enable companies to increase their profitability and grow their profits more rapidly.
C) has significantly decreased in the recent years as the industry barriers are now higher.
D) does not involve selling existing products to new markets in different countries.
E) is not feasible for service-based firms.

Question

Quizplus · Accepted Answer

Global expansion can enable companies to increase their profitability and grow their profits more rapidly by accessing new markets and tapping into new sources of revenue. However, it is not limited to non-technology-based companies and has not significantly decreased in recent years. Global expansion may involve selling existing products to new markets in different countries, and service-based firms can also expand globally.

Global Expansion