Refer to the passage below to answer the questions that follow.
Acme, Inc. is a manufacturer of industrial goods, such as ball bearings, filters, and valves. Acme's target market is manufacturers who purchase these goods to go into the systems that they manufacture for their customers, such as power plants, heating and cooling systems, and ships. Additionally, even though Acme is not a very large manufacturer and has never sold a product internationally, it intends to go international with a valve for which it recently received a patent and that is superior to any offered anywhere in the world.
-What is the first stage in international market development that Acme will most likely pursue to expand into other countries?
A)exporting
B)internationalization
C)globalization
D)regionalization
E)centralization

Question

Quizplus · Accepted Answer

The first stage in international market development is exporting, which involves selling goods and services produced in one country to customers in another country. Since Acme has never sold a product internationally, it is most likely to start with exporting its newly patented valve to other countries.

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