As firms internationalize, they typically prefer spending the money to open in a foreign location initially rather than to export goods.

Name: As firms internationalize, they typically prefer spending the money to open in a foreign location initially rather than to export goods.
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Firms often start by exporting goods to foreign markets as it involves lower risk and investment compared to opening a physical location abroad, which requires significant capital and understanding of the local market.

As Firms Internationalize, They Typically Prefer Spending the Money to Open