________ refers to the tendency of firms to extend their sales,ownership,and/or manufacturing to new markets abroad.
A) Expansion
B) Market development
C) Globalization
D) Export growth
E) Diversification

Question

Quizplus · Accepted Answer

Globalization specifically refers to a company's expansion into international markets, which includes extending ownership, sales, and manufacturing to other countries. Option A (Expansion) and Option E (Diversification) are broader terms that could apply to expanding or diversifying within a company's home market, while Option B (Market development) typically refers to expanding sales within a company's current market. Option D (Export growth) is a partial aspect of global expansion which means selling products and services to foreign countries.

________ Refers to the Tendency of Firms to Extend Their