U.S. businesses are increasingly recognizing that international markets provide enormous opportunities for growth and profit. ___________companies are entering international markets and quickly realizing as much as 70 percent of their sales outside the domestic market within two years.

Question

​U.S. businesses are increasingly recognizing that international markets provide enormous opportunities for growth and profit. ___________companies are entering international markets and quickly realizing as much as 70 percent of their sales outside the domestic market within two years.

Quizplus · Accepted Answer

The concept described in the statement is that of Born Globals. Born Globals are companies that are international from their creation or very early stage of development, and they rapidly derive significant competitive advantages from their globalization. Thus, option B is the most suitable answer as it perfectly matches the given description. Joint venture refers to an arrangement where two or more parties come together to establish or develop a business effort. Export refers to the selling of goods or services to another country. Trading refers to buying and selling of goods or services between companies in different countries. Internationally integrated is not a commonly used term in business.

​US Businesses Are Increasingly Recognizing That International Markets Provide Enormous

US Businesses Are Increasingly Recognizing That International Markets Provide Enormous