Entrepreneurs decide to go global to expand their opportunities, but sometimes they are forced to enter foreign markets to compete with firms that have already done so.

Question

Quizplus · Accepted Answer

Entrepreneurs may choose to expand globally to increase their customer base, take advantage of new markets, and drive growth. However, they may also be forced to enter foreign markets if their competitors have already done so, in order to maintain their competitiveness and avoid losing market share.

Entrepreneurs Decide to Go Global to Expand Their Opportunities, but Sometimes