Prudent firms follow domestic markets exclusively in order to keep their focus on immediate sales and to avoid the additional expenses incurred in the global marketplace.

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Prudent firms may choose to expand beyond domestic markets to tap into new revenue streams, gain a competitive advantage, and increase profit margins. While entering the global marketplace may come with additional expenses and risks, it also presents opportunities for growth and diversification. Therefore, firms that limit themselves to domestic markets exclusively may miss out on potential benefits.

Prudent Firms Follow Domestic Markets Exclusively in Order to Keep