One of the most compelling reasons for firms to begin operations outside their domestic markets is to refine their current core competencies and to develop new core competencies.

Question

Quizplus · Accepted Answer

When operating in new markets, firms may encounter new challenges and opportunities that require them to refine and adapt their current core competencies or to develop new ones. This can lead to an overall improvement in the firm's capabilities and competitiveness. Therefore, it is true that expanding into international markets can help firms refine their current core competencies and develop new ones.

One of the Most Compelling Reasons for Firms to Begin