Most manufacturing companies begin their global expansion by exporting.

Name: Most manufacturing companies begin their global expansion by exporting.
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This is because exporting is a low-risk and low-cost strategy to test the waters of a new market before committing significant resources to establish a physical presence. Once a company gains a foothold in the new market, it may then consider more advanced forms of global expansion, such as licensing, joint ventures, or setting up subsidiaries.

Most Manufacturing Companies Begin Their Global Expansion by Exporting