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

Question

Quizplus · Accepted Answer

B)Globalization is the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad. Firms usually expand globally to expand sales, cut labor costs, or form partnerships with foreign firms.

________ Refers to the Tendency of Firms to Extend Their