To compete in the new global economy, most U.S. agencies purchase either a majority or minority interest in a successful foreign agency rather than organize their own new agency.

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This statement is true. Many U.S. agencies choose to purchase either a majority or minority stake in a successful foreign agency as a way to quickly enter the global market and expand their services, rather than starting from scratch and organizing their own new agency. This strategy offers several advantages, such as access to established infrastructure, local expertise, and established client relationships.

To Compete in the New Global Economy, Most U