One of the major advantages of being involved in Stage 5 (Production Abroad)of the stages of internationalization for small businesses is that it

Question

Quizplus · Accepted Answer

Stage 5 (Production Abroad) of the stages of internationalization for small businesses allows the company to gain local advantages such as product adaptation or production effectiveness by leveraging local resources and knowledge. This can lead to increased efficiency and competitiveness in the foreign market. However, it does not necessarily insure the company's success and may require significant investment and development of a globally integrated network. It also does not necessarily involve cutting costs of direct investment, as the company may still need to invest in infrastructure and resources in the foreign market.

One of the Major Advantages of Being Involved in Stage